Business
Eastern International Ltd. Announces Pricing of $6.4 Million Initial Public Offering
Hangzhou, China, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Eastern International Ltd. (“Eastern International” or the “Company”), a provider of domestic and cross-border professional logistic services including project logistic and general logistic for Company clients, today announced the pricing of its public offering of an aggregate 1,600,000 ordinary share of the Company (the “Offering”). The offering is priced at $4.00 per share (the “Offering Price”). In addition, the Company has granted Maxim (as
About this update from Eastern International Ltd.
[{"type":"text","content":"Hangzhou, China, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Eastern International Ltd. (“Eastern International” or the “Company”), a provider of domestic and cross-border professional logistic services including project logistic and general logistic for Company clients, today announced the pricing of its public offering of an aggregate 1,600,000 ordinary share of the Company (the “Offering”). The offering is priced at $4.00 per share (the “Offering Price”).","length":452,"tagName":"p"},{"type":"text","content":"In addition, the Company has granted Maxim (as defined below) a 45-day option to purchase up to an additional 240,000 share of its ordinary shares at the initial public offering price (the “Over-allotment option”). Assuming that the Over-allotment option is not exercised, the gross proceeds to Eastern International from the Offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $6.4 million.","length":494,"tagName":"p"},{"type":"text","content":"The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol “ELOG” on August 28, 2025. The Offering is expected to close on August 29, 2025, subject to the satisfaction of customary closing conditions.","length":235,"tagName":"p"},{"type":"text","content":"Maxim Group LLC (“Maxim”) is the sole Book-Running manager for the Offering. FisherBroyles, LLP is acting as counsel to the Company, and Hunter Taubman Fischer & Li LLC is acting as counsel to Maxim for the Offering.","length":220,"tagName":"p"},{"type":"text","content":"The Offering is being conducted pursuant to the Company’s Registration Statement on Form F-1 (File No. 333-281900), as amended, declared effective by the U.S. Securities and Exchange Commission (“SEC”) on August 27, 2025. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, electronic copies of the prospectus relating to the Offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, by phone at +1 (212) 895-3500, or by email at [email protected]. In addition, a copy of ...