Haoxi Health Technology Ltd. (NASDAQ: HAO), an online marketing solution provider headquartered in Beijing, has closed on its initial public offering. According to the announcement, the offering comprised 2,400,000 Class A ordinary shares offered at $4 per share, resulting in gross proceeds of $9.6 million before deductions. The company noted that the offering closed yesterday, Jan. 30, 2024, with ordinary shares starting to trade on the NASDAQ Capital Market on Jan. 26, 2024, under the ticker symbol HAO. The company anticipates using funds from the offering for working capital and general corporate purposes, as well as to hire key employees and acquire or invest in technologies. In addition to the public offering, the company granted EF Hutton LLC, the representative of the underwriters, an option to purchase up to an additional 360,000 ordinary shares within 45 days of the closing date. The shares would be available to cover any overallotments and would be available at the public offering price, less underwriting costs. EF Hutton acted as the sole bookrunner for the Offering.
To view the full press release, visit https://ibn.fm/6XgQD
About Haoxi Health Technology Limited
Haoxi Health Technology Limited is a Beijing-headquartered online marketing solution provider in China, specializing in serving healthcare industry advertiser clients. The company’s growth is driven by the rise of news feed ads and the rapid development of the healthcare sector. The company offers one-stop online marketing solutions, especially in online short-video marketing, helping advertisers acquire and retain customers on popular platforms in China, such as Toutiao, Douyin, WeChat and Sina Weibo. Haoxi Health is dedicated to reducing costs, increasing efficiency and providing easy online marketing solutions to advertisers. For more information, please visit: http://ir.haoximedia.com.
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