Haoxi Health Technology Secures $12 Million Funding Boost

Haoxi Health Technology Secures Major Funding

Haoxi Health Technology Limited, often referred to as HAO, has made headlines recently with the successful closure of a significant follow-on public offering, raising an impressive $12 million. This offering underscores the company's strong position within the online marketing solutions sector, particularly in services tailored for the healthcare industry.

Details of the Offering

The recent offering involved 4,000,000 units, each priced at $3.00, showcasing the company’s commitment to enhancing its financial base. Each unit is comprised of either a Class A Ordinary Share or a pre-funded warrant to purchase one Class A Ordinary Share, along with two types of warrants that allow investors to purchase shares at a predetermined rate.

In total, the company received gross proceeds of $12 million from this offering, which is pivotal for advancing its strategic goals. The funds will primarily support the ongoing business expansion and technological investments within the healthcare marketing sphere.

Role of Underwriters

EF Hutton LLC acted as the sole bookrunner for this offering and holds an option to purchase additional units to manage over-allotment, highlighting the confidence in Haoxi's market potential. Legal guidance was provided by Hunter Taubman Fischer & Li LLC for the company and Pryor Cashman LLP for EF Hutton.

CEO’s Perspective

Mr. Zhen Fan, Chairman and CEO of Haoxi, expressed enthusiasm about the funding, stating, “We are pleased to close this offering and appreciate the continued support and market recognition as we execute our business plan.” This sentiment reflects the optimism within the company as it seeks to broaden its horizons.

Company Overview

Established in Beijing, Haoxi Health Technology Limited specializes in providing online marketing solutions specifically for the healthcare industry. The company's growth trajectory has been bolstered by the increasing use of news feed advertisements and the rapid evolution of the healthcare sector in China.

Haoxi's unique value proposition is its ability to offer a comprehensive online marketing strategy, focusing heavily on short video marketing across popular platforms like Toutiao, Douyin, WeChat, and Sina Weibo. By doing so, they help their clients effectively acquire and retain customers while minimizing costs and maximizing efficiency. This reflects a clear understanding of the modern digital landscape.

Looking Ahead

With the funds acquired from this recent offering, Haoxi is well-positioned to continue its investment in innovative marketing solutions and technology. The company aims to enhance its capabilities further, ensuring they not only meet but exceed the expectations of their healthcare clients.

This noteworthy development signals a strong commitment to the future and indicates that Haoxi Health Technology Limited is serious about its role in shaping the digital marketing arena within the healthcare sector.

Frequently Asked Questions

What is the purpose of Haoxi Health Technology's recent public offering?

The recent public offering aims to raise funds to support the company’s expansion plans and technological investments in the healthcare industry.

How many units were offered in this public offering?

A total of 4,000,000 units were offered at a price of $3.00 per unit.

Who acted as the underwriter for the offering?

EF Hutton LLC acted as the sole bookrunner for the offering.

What services does Haoxi Health Technology provide?

Haoxi specializes in online marketing solutions, particularly targeting healthcare industry advertisers, focusing on strategies that include short video marketing.

What is the significance of this offering for Haoxi Health Technology?

This offering represents a significant boost in capital, enabling Haoxi to further invest in innovative marketing solutions and expand its market presence.

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