Business
ATIF signed definitive agreement with VESSEL to provide consulting services to support its future public offering
IRVINE, Calif., Dec. 28, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Company" or "ATIF") is pleased to announce that it through its
About this update from Atif Holdings Limited
[{"type":"text","content":"IRVINE, Calif., Dec. 28, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the \"Company\" or \"ATIF\") is pleased to announce that it through its wholly-owned subsidiary ATIF Business Consulting, LLC has entered into a definitive consulting agreement for a total service fee of $0.8 million to provide IPO advisory services to Vessel Technology Inc. (\"VESSEL\"), an emerging micro-lodging integrated operator.\nThrough multiple in-depth communications and conversations, ATIF fully understood VESSEL's strategic planning and corporate needs, and conducted preliminary due diligence on VESSEL to gain an in-depth understanding of its business model, market size and development prospects. Both companies reached a consensus on promoting the high-quality development of VESSEL with the help of capital markets, and formally signed the consulting agreement.\nJun Liu, President, Chairman and CEO of ATIF, said: \"We are pleased to announce this advisory project for VESSEL. As an innovator of micro-accommodation, VESSEL has an impressive reputation in the industry for its advanced product concept, high-quality customer service and reasonable pricing. In this fast-growing industry, I look forward to seeing VESSEL growing and realizing its ambitious expansion plan as a listed company in the future.\"\nIn connection with this advisory project, ATIF will provide all-round guidance and escort VESSEL on its path to the capital markets according to its development needs.\nAbout VESSEL\nVESSEL is an emerging micro-hotel integrated operator, founded in 2022, dedicated to providing stylish and smart micro-hotel accommodation for outdoor travel and travelers away from the city. VESSEL has developed an innovative, highly designed, self-contained cabin using prefabricated structural components to reduce disruption to the site and minimize environmental impact, combining technology with comfort. \"Providing customers with unique opportunities to communicate with nature and allowing users to wake up to breathtaking views.\" VESSEL currently has 325,000 square feet of manufacturing and warehousing space, uses ERP and MES production management execution systems, and offers a complete set of design and development solutions.\nAbout ATIF\nATIF Holdings Limited (NASDAQ: ATIF) is an Irvine-based financial group that provides professional and compliant IPO a...