Star Fashion Culture closes $9.6M public offering of Class A shares

Star Fashion Culture Holdings Limited (NASDAQ: STFS) announced the closing of a follow-on public offering of 12,000,000 Class A ordinary shares at $0.80 per share, according to a press release statement.

The offering closed on September 28, 2026, generating gross proceeds of approximately $9,600,000 before placement agent fees and other expenses. The company said it intends to use the net proceeds to develop its online marketing services and for general administration and working capital.

Kingswood Capital Partners, LLC served as the placement agent for the offering.

The securities were offered under a registration statement on Form F-1 declared effective by the Securities and Exchange Commission on September 24, 2026.

Star Fashion Culture Holdings is a content marketing solutions provider based in Xiamen, China, offering services in marketing campaign planning and execution, offline advertising, and online precision marketing.

You May Also Be Interested In

• Bluerock Acquisition Corp. II closes $172.5M IPO on Nasdaq
• Magic Empire Global prices $3M registered direct offering on Nasdaq
• BRC Group to acquire Sangoma Technologies for ~$204M