Lakeside Holding Limited (LSH) Prices 1.5M Share IPO at $4.50/sh

Lakeside Holding Limited (“Lakeside” or the “Company”) (Nasdaq: LSH), a U.S.-based integrated cross-border supply chain solution provider with a strategic focus on the Asian market, today announced the pricing of its initial public offering (the “Offering”) of 1,500,000 shares of common stock at a public offering price of $4.50 per share for total gross proceeds to the Company of $6.75 million, before deducting underwriting discounts and offering expenses.

The Company has granted a 30-day option to the underwriters to purchase up to 225,000 additional shares of common stock solely to cover over-allotments, if any.

The shares are scheduled to begin trading on the Nasdaq Capital Market on June 28, 2024, under the ticker symbol “LSH.” The Offering is expected to close on or about July 1, 2024, subject to customary closing conditions.

The Benchmark Company, LLC and Axiom Capital Management, Inc. are acting as joint book-running managers for the Offering.

A registration statement on Form S-1, as amended (File No. 333-278416), was filed with the United States Securities and Exchange Commission (the “SEC”) and was declared effective on June 27, 2024. The offering of the securities is being made only by means of a prospectus. Electronic copies of the final prospectus relating to the Offering may be obtained by visiting the SEC’s website located at http://www.sec.gov or by contacting The Benchmark Company, LLC, Attention: Prospectus Department, 150 E. 58th Street, 17th floor, New York, NY 10155, by email at [email protected], or by telephone at (212) 312-6700.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these 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 any such state or jurisdiction.

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