Business
Jiuzi Holdings, Inc. Announces Closing of Initial Public Offering
HANGZHOU, China, May 20, 2021 /PRNewswire/ -- Jiuzi Holdings, Inc. (the "Company"), a new energy vehicles franchisor and retailer under the brand name "Jiuzi"
About this update from Jiuzi Holdings, Inc.
[{"type":"text","content":"HANGZHOU, China, May 20, 2021 /PRNewswire/ -- Jiuzi Holdings, Inc. (the \"Company\"), a new energy vehicles franchisor and retailer under the brand name \"Jiuzi\" in China, today announced the closing of its initial public offering (\"Offering\") of 5,200,000 ordinary shares at a public offering price of US$5.00 per share. The Company received aggregate gross proceeds of US$ 26 million from this Offering, before deducting underwriting discounts and other related expenses. \nThe ordinary shares commenced trading on the Nasdaq Capital Market on May 18, 2021 under the ticker symbol \"JZXN.\"\nBoustead Securities, LLC acted as the sole underwriter for the Offering. Ortoli Rosenstadt LLP acted as counsel to the Company, and Sichenzia Ross Ference LLP acted as counsel to Boustead Securities, LLC.\nA registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (\"SEC\") (File Number: 333-248416) and was declared effective by the SEC on May 17, 2021, and a registration statement filed pursuant to Rule 462(b) (File No. 333-256223) became effective upon filing with the SEC. The Offering is being made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering was filed with the SEC and may be obtained from Boustead Securities, by email at [email protected], by calling +1 (949) 502-4408 or standard mail to Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, 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 other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does 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 such state or jurisdict...