New York, June 25, 2026 (GLOBE NEWSWIRE) -- Univest Securities, LLC ("Univest"), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the "Offering") of approximately $1.479 million for its client EShallGo Inc. (NASDAQ: EHGO) (the "Company" or "Eshallgo"), a provider of integrated office and enterprise technology solutions, including AI-enabled tools .
Under the terms of the securities purchase agreement, the Company has agreed to sell to certain institutional investors an aggregate of approximately $1.479 million of the Company's securities, including 454,968 Class A ordinary shares (the "Shares") (or pre-funded warrants in lieu thereof), at an offering price of $3.25 per share in the Offering.
The aggregate gross proceeds to the Company were $1.479 million.
Univest Securities, LLC acted as the sole placement agent.
The registered direct offering was made pursuant to a shelf registration statement on Form F-3 (File No. 333-291149) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (the "SEC") on April 2, 2026. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC's website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC's website at www.sec.gov.
About Univest Securities, LLC
Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally, including brokerage and execution services, sales and trading, market making, investment banking and advisory, and wealth management. It strives to provide clients with value-added service and focuses on building long-term relationships with its clients. As a prominent name on Wall Street, Univest has successfully raised over $1.8 billion in capital for issuers across the globe since 2019 and has completed approximately 100 transactions spanning a wide array of investment banking services in various industries, including technology, life sciences, industrial, consumer goods, etc. For more information, please visit: www.univest.us.