Newsletter summary
Insurance Technology (ZBAO)Crashtagteamracingps4.us) additional issues through the exercise of over-allotment rights by the underwriter 23Crashtagteamracingps4, 765 shares, raising $95060, IPO raised a total of $6.0951 million. EFHuttonLLC is the bookkeeper.
Text of news flash
On May 15th, ZBAO.US announced that it would issue an additional 23765 Class A common shares at a price of US $4.00 per share based on the underwriter's over-allotment option on the company's initial public offering (IPO).Crashtagteamracingps4An extra $95060 in income. The total funds raised by the IPO, including the exercise of the over-allotment right, is US $6.0951 million, deductingCrashtagteamracingps4Issue fees and underwriting discounts. The sole bookkeeper for this issue is EFHuttonLLC. The exercise of the over-allotment right has further enhanced the financial strength of insurance technology and injected new vitality into its future development. Zhibao Technology said that the funds raised will mainly be used for the company's R & D investment, market expansion and general business operations. Through IPO and the exercise of over-allotment rights, the company has raised sufficient funds to lay a solid foundation for sustainable development in the future. The initial public offering of Zhibao Technology has aroused widespread concern in the capital market. As a technology company, the listing of Zhibao Technology is not only a milestone of the company's own development, but also a reflection of the continuous attention and support of the capital market to the science and technology sector. The company said that it will continue to adhere to the innovation-driven development strategy and constantly enhance its R & D capability and technical strength to meet the needs of the market and customers. As the bookkeeper of this issue, EFHuttonLLC has been highly recognized by the company for its professional service and rich experience. EFHuttonLLC has been providing professional financial services for all kinds of enterprises for a long time, and this cooperation with Insurance Technology has further consolidated its position in the capital market. The successful listing of Zhibao Technology and the exercise of over-allotment rights have laid a solid foundation for the future development of the company. The company said that it will continue to uphold the spirit of innovation, professionalism and integrity, continue to enhance its own strength, and create greater value for shareholders and society.
