Business
E-Home Household Service Holdings Limited Announces Pricing of Initial Public Offering
FUZHOU, China, May 14, 2021 /PRNewswire/ -- E-Home Household Service Holdings Limited (the "Company"), a household service company based in Fuzhou, China,
About this update from E-home Household Service Holdings Limited
[{"type":"text","content":"FUZHOU, China, May 14, 2021 /PRNewswire/ -- E-Home Household Service Holdings Limited (the \"Company\"), a household service company based in Fuzhou, China, today announced the pricing of its initial public offering (\"Offering\") of 5,555,556 ordinary shares at a public offering price of US$4.5 per share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading today, May 14, 2021 under the ticker symbol \"EJH\".\nThe Company expects to receive aggregate gross proceeds of US$25 million from this Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 666,667 ordinary shares at the public offering price. The Offering is expected to close on or about May 18, 2021, subject to the satisfaction of customary closing conditions.\nProceeds from the Offering will be used for investment in product development, sales and marketing activities, and technology infrastructure; improvement of corporate facilities and other general and administrative matters; acquisition of, or investment in, technologies, solutions or businesses that complement our business; and general corporate purposes.\nThe Offering is being conducted on a firm commitment basis. Joseph Stone Capital, LLC is acting as the lead underwriter for the Offering. Bevilacqua PLLC is acting as counsel to the Company, and Davidoff Hutcher & Citron LLP is acting as counsel to Joseph Stone Capital, LLC in connection with the Offering.\nA post-effective amendment to the registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (\"SEC\") (File Number: 333-233468) and was declared effective by the SEC on May 4, 2021. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Joseph Stone Capital, LLC, by email at [email protected], by calling +1 888-425-7593 or standard mail to Joseph Stone Capital, LLC, 42 Broadway, Suite 301, New York, NY 10004, USA. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.\nBefore you invest, you should read the prospectus and o...