MaxsMaking Inc. Announces Pricing of Its Initial Public Offering
The Company has granted the underwriter an option, within 45 days from the closing date of the Offering, to purchase up to an additional 243,750 A Shares at the public offering price, less underwriting discounts, to cover the over-allotment option, if any.
The Offering is expected to close on
The Offering is being conducted on a firm commitment basis. Joseph Stone Capital, LLC is acting as the sole underwriter for the Offering. Ellenoff Grossman & Schole LLP is acting as
The Company intends to use approximately 45% of the proceeds from this Offering for construction of production facilities and expansion of its scale of production, approximately 20% for potential strategic investment and acquisitions, approximately 15% for new hires in the sales, IT, production and management departments, approximately 12% for marketing and the remaining approximately 8% for product and software research and development.
A registration statement on Form F-1 (File No. 333-283211) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, 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.
About MaxsMaking Inc.
MaxsMaking Inc., founded in 2007 and headquartered in
MaxsMaking offers a wide range of customizable products such as backpacks, bags, aprons, and promotional items. The Company emphasizes sustainable materials and responsible manufacturing, using cotton, nylon, polyester, and recycled PET. Through proprietary internet-based systems and advanced order processing technologies, MaxsMaking delivers high-quality, cost-effective solutions that enhance brand visibility and market competitiveness. For more information, please visit: https://ir.maxsmaking.com.
Forward-Looking Statement
This press release contains for. ward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its A Shares on the Nasdaq Capital Market, the anticipated closing of the Offering and the use of proceeds of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Underwriter
Joseph Stone Capital, LLC
Email: [email protected]
Tel: +1 (866) 866 1433
Investor Relations
WFS Investor Relations Inc.
Partner
Email: [email protected]
Tel: +86 1381 185 7742 (CN)
+1 628 283 9214
View original content:https://www.prnewswire.com/news-releases/maxsmaking-inc-announces-pricing-of-its-initial-public-offering-302498862.html
SOURCE MaxsMaking Inc.
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