Business
STFS Announces Pricing of $8 Million Public Offering of Class A Ordinary Shares
CHINA, July 03, 2025 (GLOBE NEWSWIRE) -- STAR FASHION CULTURE HOLDINGS LIMITED (NASDAQ: STFS) (the “Company” or “STFS”), a content marketing solutions services provider with a mission to offer high-quality diversified services in China, today announced the pricing of its best efforts public offering of 20,000,000 Class A Ordinary Shares, $0.00001 par value per share, at a public offering price of $0.40 par value per share. Gross proceeds, before deducting placement agent fees and other offering
About this update from Star Fashion Culture Holdings Limited
[{"type":"image","alt":"Star Fashion Culture Holdings Limited","displaySize":"","headline":null,"caption":"Star Fashion Culture Holdings Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":251,"url":"https://media.zenfs.com/en/globenewswire.com/71221791d074214fea51507aa3e97d8b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6lc7bf_dI_v6a27eVA6kQA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM1MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/71221791d074214fea51507aa3e97d8b","width":300,"height":251}},"lazy":false},{"type":"text","content":"CHINA, July 03, 2025 (GLOBE NEWSWIRE) -- STAR FASHION CULTURE HOLDINGS LIMITED (NASDAQ: STFS) (the “Company” or “STFS”), a content marketing solutions services provider with a mission to offer high-quality diversified services in China, today announced the pricing of its best efforts public offering of 20,000,000 Class A Ordinary Shares, $0.00001 par value per share, at a public offering price of $0.40 par value per share.","length":426,"tagName":"p"},{"type":"text","content":"Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be $8 million. The offering is expected to close on July 7, 2025, subject to customary closing conditions.","length":205,"tagName":"p"},{"type":"text","content":"WestPark Capital, Inc. acted as a placement agent in connection with this offering.","length":83,"tagName":"p"},{"type":"text","content":"The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File No. 333- 287377) (the “Registration Statement”), which was declared effective by the Securities and Exchange Commission (the “SEC”) on July 1, 2025. The offering was being made only by means of a prospectus which is a part of the Registration Statement. A final prospectus relating to the offering will be filed with the SEC. Copies may be obtained from WestPark Capital, Inc., 1800 Century Park East, Suite 220, Los Angeles, CA 90067, at +1 (310) 843-9300.","length":568,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registrat...