INLIF LIMITED Announces Closing of US$8 Million Initial Public Offering
03 Janeiro 2025 - 5:00PM
INLIF LIMITED (Nasdaq: INLF) (the “Company” or “INLIF”), a company
engaged in the research, development, manufacturing, and sales of
injection molding machine-dedicated manipulator arms, today
announced the closing of its initial public offering (the
“Offering”) of 2,000,000 ordinary shares at a public offering price
of US$4.00 per ordinary share. The ordinary shares began trading on
the Nasdaq Capital Market on January 2, 2025 under the ticker
symbol “INLF.”
The Company received aggregate gross proceeds of
US$8 million from the Offering, before deducting underwriting
discounts and other related expenses payable by the Company. In
addition, the Company has granted the underwriters a 45-day option
to purchase up to an additional 300,000 ordinary shares at the
public offering price, less underwriting discounts.
Net proceeds from the Offering will be used for
(i) the construction of a 5G digital intelligent equipment
production base; (ii) establishing 24 local marketing and service
offices within the PRC; (iii) the construction of an industrial
robot and automation application technology research and
development center; and (iv) working capital.
The Offering was conducted on a firm commitment
basis. AC Sunshine Securities LLC acted as underwriter for the
Offering (the “Underwriter”). Hunter Taubman Fischer & Li LLC
acted as U.S. securities counsel to the Company, and iTKG Law LLC
acted as U.S. counsel to the Underwriter in connection with the
Offering.
A registration statement on Form F-1 relating to
the Offering was filed with the U.S. Securities and Exchange
Commission (the “SEC”) (File Number: 333-279569) and was declared
effective by the SEC on December 20, 2024. The Offering is being
made only by means of a prospectus, forming a part of the
registration statement. Copies of the prospectus relating to the
Offering may be obtained from AC Sunshine Securities LLC, Attn: 200
E. Robinson Street, Suite 295, Orlando, FL 32801, or by email at
prospectus@acsunshine.com, or by calling +1(689)-867-6218. In
addition, copies of the prospectus relating to the Offering may be
obtained via the SEC’s website at www.sec.gov.
This press release shall not constitute an offer
to sell, or the solicitation of an offer to buy, any of the
Company’s securities, nor shall such securities be offered or sold
in the United States absent registration or an applicable exemption
from registration, nor shall there be any offer, solicitation or
sale of any of the Company’s securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About INLIF
LIMITED
Through its PRC operating entity, Ewatt Robot
Equipment Co. Ltd., established in September 2016, INLIF is engaged
in the research, development, manufacturing, and sales of injection
molding machine-dedicated manipulator arms. It is also a provider
of installation services and warranty services for manipulator
arms, and accessories and raw materials for manipulator arms. The
Company produces an extensive portfolio of injection molding
machine-dedicated manipulator arms, including transverse single and
double-axis manipulator arms, transverse and longitudinal
multi-axis manipulator arms, and large bullhead multi-axis
manipulator arms, all developed by itself. For more information,
please visit the Company’s website: https://ir.yiwate88.com./
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company's current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can find many (but not all) of these statements by
the use of words such as “approximates,” “believes,” “hopes,”
“expects,” “anticipates,” “estimates,” “projects,” “intends,”
“plans,” “will,” “would,” “should,” “could,” “may” or other similar
expressions in this prospectus. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
These statements are subject to uncertainties and risks, including,
but not limited to, the uncertainties related to market conditions,
and other factors discussed in the “Risk Factors” section of the
Registration Statement filed with the SEC. Although the Company
believes that the expectations expressed in these forward-looking
statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and the Company cautions
investors that actual results may differ materially from the
anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and other filings with the SEC. Additional
factors are discussed in the Company’s filings with the SEC, which
are available for review at www.sec.gov.
For more information, please
contact:
INLIF LIMITEDInvestor Relations
DepartmentEmail: ir@yiwate88.com
Ascent Investor Relations
LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
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