Huachen AI Parking Management Technology Holding Co., Ltd. (the “Company”) (NASDAQ: HCAI), a Chinese provider of smart parking solutions and equipment components operating solely through its subsidiaries, completed its initial public offering (IPO) on February 5, 2025. The IPO involved 1,500,000 ordinary shares, priced at $4.00 each, generating gross proceeds of $6 million before accounting for underwriting discounts and expenses. Trading commenced on the Nasdaq Capital Market under the symbol “HCAI”.

The offering was a firm commitment undertaking. The underwriters hold a 45-day option to purchase up to an additional 225,000 shares at the IPO price, less discounts and commissions, to cover any over-allotment.

The net proceeds will fund the acquisition of parking lot management and operational rights, development and upgrades to automated guided vehicles (AGVs) and robotic guided vehicles (RGVs), recruitment of specialized personnel, working capital, and general corporate purposes.

Benjamin Securities, Inc. and D. Boral Capital LLC served as underwriters. Ortoli Rosenstadt LLP acted as U.S. securities counsel for the Company, and Sichenzia Ross Ference Carmel LLP represented the underwriters.

The offering was conducted under the Company’s amended Form F-1 registration statement (File No. 333-281543), declared effective by the SEC on February 4, 2025. The offering is solely through a prospectus, accessible via the SEC’s EDGAR website or from Benjamin Securities, Inc. and D. Boral Capital LLC (contact details provided in the original release).

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, and no sales will occur where prohibited by law.

About Huachen AI Parking Management Technology Holding Co., Ltd

Huachen AI Parking Management Technology Holding Co., Ltd., a Cayman Islands holding company without direct operations, consolidates its subsidiaries’ financial results. The company provides comprehensive smart parking solutions and equipment components through its Chinese operating subsidiaries. These subsidiaries offer customized solutions to optimize parking efficiency, encompassing design, manufacturing, sales, installation, and maintenance of smart parking garages. They offer a range of products utilizing various operating principles to meet diverse customer needs and provide design, repair, and maintenance services.

Forward-Looking Statement

This press release contains forward-looking statements, which are not guarantees of future performance and involve inherent risks and uncertainties. These statements, often including words like “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” and “continue,” are subject to various factors, including market conditions (detailed in the Registration Statement’s “Risk Factors” section). Investors should not place undue reliance on these statements. Further information is available in the Company’s SEC filings. The Company is not obligated to update these statements.

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Huachen AI Parking Management Technology Holding Co., Ltd

Alan Li
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