Guangzhou, December 17, 2024 – YSX TECH. CO., LTD (the “Company” or “YSXT”), a Cayman Islands exempted company offering comprehensive business solutions primarily to Chinese insurance firms and brokerages through its Chinese variable interest entities, announced its initial public offering (IPO) pricing. The IPO involves 1,250,000 Class A ordinary shares (“Ordinary Shares”) priced at $4.00 per share, generating estimated gross proceeds of approximately $5,000,000 before underwriting discounts and expenses. These Ordinary Shares are slated for listing on the Nasdaq Capital Market, with trading commencing December 18, 2024, under the symbol “YSXT”.
The underwriters hold a 45-day option to purchase up to an additional 187,500 Ordinary Shares at the public offering price (less underwriting discounts) to cover potential over-allotment.
The offering is anticipated to close on December 19, 2024, contingent upon customary closing conditions.
This is a firm commitment offering, with Kingswood Capital Partners, LLC serving as the sole book-runner. Hunter Taubman Fischer & Li LLC acts as U.S. securities counsel for the Company, while Greenberg Traurig, LLP represents the underwriters.
The Company plans to utilize the IPO proceeds for business expansion into new markets, product research and development, talent acquisition, working capital, and general corporate purposes.
A registration statement (Form F-1, File No. 333-280312), as amended, has been filed with and declared effective by the U.S. Securities and Exchange Commission (SEC) on December 17, 2024. The offering is prospectus-based. Final prospectuses (when available) can be obtained from Kingswood Capital Partners LLC: 126 E 56th St, Suite 22S, New York, NY 10022, or by calling +1 732- 910- 9692, or via the SEC website at .
Potential investors should review the prospectus and other SEC filings for comprehensive information about the Company and the offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, and no sales will occur in jurisdictions where such offers are prohibited before registration or qualification under local securities laws.
About YSX TECH. CO., LTD
Operating mainly in Xinjiang and Guangdong provinces, YSX TECH. CO., LTD, a Cayman Islands exempted company, provides comprehensive business solutions to Chinese insurance companies and brokerages through its variable interest entities in China. Leveraging years of industry experience, the Company specializes in auto insurance aftermarket value-added services, software development, IT services, and customized solutions (products and customer development services). For more information, visit and .
Forward-Looking Statement
This release includes forward-looking statements, which address plans, objectives, goals, strategies, future events or performance, assumptions, and non-historical information. Words like “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” and similar expressions (excluding historical context) denote forward-looking statements. These include, but are not limited to, statements about Ordinary Share trading on Nasdaq and the offering’s closing. These statements are not guarantees and involve risks; actual results could significantly differ. Uncertainties include market conditions and the IPO’s completion as planned. See the “Risk Factors” section of the SEC registration statement for more detail. Investors should not over-rely on forward-looking statements. Additional information is in the Company’s SEC filings at . The Company disclaims any obligation to update these statements.
For more information, please contact:
YSX TECH. CO., LTD
+86 (20) 2984 2002
Investor Relations
WFS Investor Relations Inc.
Janice Wang
Email:
Phone: +86 13811768599
+1 628 283 9214
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