Hong Kong, April 07, 2025 — Luda Technology Group Limited (NYSE: LUD), a manufacturer and seller of stainless and carbon steel flanges and fittings, announced today the completion of the sale of 190,000 additional ordinary shares. This was due to the partial exercising of the underwriter’s over-allotment option related to the company’s initial public offering (IPO), collectively referred to as the “Offering.” The shares were sold at the IPO price of $4.00 each, minus underwriting discounts. The company has now raised a total of $10,760,000 before deductions, including the previously announced IPO gross proceeds of $10,000,000.
Revere Securities LLC (“Revere“) was the lead underwriter for the Offering. Pacific Century Securities, LLC (“PCS“) served as the co-manager. Legal counsel for Luda Technology included Loeb & Loeb LLP (U.S.), CLKW Lawyers LLP in association with Michael Li & Co. (Hong Kong), China Commercial Law Firm (PRC), and Conyers Dill & Pearman (Cayman Islands). ZH CPA, LLC was the reporting accountant. VCL Law LLP was the U.S. legal counsel for Revere and PCS in connection with the Offering.
The Offering was conducted according to the Company’s registration statement on Form F-1 (File No. 333-283680), as amended, which was filed with the U.S. Securities and Exchange Commission (“SEC”) and declared effective on February 26, 2025. The offering is being made only through a prospectus, which is part of the registration statement. Investors should read the prospectus and other documents filed or to be filed with the SEC for detailed information about the Company and the Offering. Copies of the final prospectus can be obtained from Revere Securities LLC (560 Lexington Ave 16th floor, New York, NY, 10022, phone: +1 212 688 2350, email: ) or Pacific Century Securities, LLC (60-20 Woodside Avenue Ste 211, Queens, NY 11377, phone: +1 212 970 8868, email: ). The final prospectus will also be available on the SEC’s website at .
Before investing, carefully review the prospectus and other documents filed or to be filed with the SEC for comprehensive information about the Company and the Offering. This press release is not an offer to sell or a solicitation of an offer to buy securities, nor shall any sale of these securities occur in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.
About Luda Technology Group Limited
We manufacture and trade stainless steel and carbon steel flanges and fittings. Our origins trace back to Luda Development Limited, established in Hong Kong in 2004, primarily trading steel flanges and fittings. In 2005, we expanded into manufacturing with the establishment of Luda (Taian) Industrial Company Limited, which operates a self-owned factory in China. With over 20 years of operational history, we focus on (i) manufacturing and selling stainless steel and carbon steel flanges and fittings, and (ii) trading steel pipes, valves, and other steel tubing products. Headquartered in Hong Kong with a manufacturing base in Taian City, Shandong Province, PRC, our sales network includes customers in China, South America, Australia, Europe, Asia (excluding China), and North America, serving manufacturers and traders in the chemical, petrochemical, maritime, and manufacturing sectors. For more information, visit .
FORWARD-LOOKING STATEMENTS
This press release contains statements about future expectations, plans, and prospects, as well as other statements that are not historical facts, which may be considered “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, those regarding expected trading commencement and closing dates. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions identify forward-looking statements, though not all such statements contain these words. Actual results may differ materially due to various factors, including market conditions, the completion of the public offering on the anticipated terms or at all, and other factors detailed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. Investors are cautioned against placing undue reliance on these forward-looking statements, which speak only as of the date of this press release. Luda Technology Group Limited disclaims any obligation to update these statements, whether due to new information, future events, or otherwise, except as required by law.
For more information, please contact:
Luda Technology Group Limited Investor Relations Contact:
Unit H, 13/F, Kaiser Estate Phase 2,
47-53 Man Yue Street, Hung Hom, Kowloon,
Hong Kong SAR, China
Phone: (+852) 2994 8774
Email:
Underwriters Inquiries:
Revere Securities LLC
560 Lexington Ave 16th floor, New York, NY, 10022
Phone: +1 212 688 2350
Email:
Pacific Century Securities, LLC
Francis Ong, CEO – Investment Banking
60-20 Woodside Avenue Ste 211, Queens, NY 11377
Phone: +1 212 970 8868
Email:
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