Haoxi Health Technology Secures $12 Million in New Offering

Haoxi Health Technology Limited's Public Offering Overview

In a significant move to bolster its operational capabilities, Haoxi Health Technology Limited has announced the pricing of a new underwritten public offering. Based in Beijing, this online marketing solution provider has set the price at $3.00 per unit for a total of 4,000,000 units, translating to gross proceeds of $12 million. With each unit encapsulating both shares and warrants, this offering is poised to enhance the company's financial foundations.

Details of the Offering

The completed units consist of several components aimed at providing value to investors. Each unit includes one share of Class A Ordinary Share or a pre-funded warrant to acquire one such share, along with a Series A warrant and a Series B warrant. These warrants present opportunities for investors to acquire additional shares under specific conditions, with the Series A warrant being immediately exercisable, while the Series B warrant can be exercised 16 days post-closing.

Utilization of Proceeds

Haoxi plans to channel the proceeds from this offering into several strategic initiatives. The focus will be on working capital, investing in new technologies, and expanding the team by hiring experienced professionals in the field. This approach highlights Haoxi's commitment to enhancing its service capabilities while remaining adaptable in the fast-paced digital marketing environment.

Underwriter Support and Structure

EF Hutton LLC is at the helm as the sole bookrunner for this offering. Additionally, the underwriter has been granted an over-allotment option which allows for the purchase of an additional 600,000 units, further solidifying investor confidence. Legal advice for the offering is provided by Hunter Taubman Fischer & Li LLC for the company and Pryor Cashman LLP for the underwriter, ensuring that all regulatory requirements are meticulously addressed.

Impact on the Company’s Growth

This public offering is a testament to Haoxi Health Technology's growth trajectory and adaptability in the online marketing sector, especially within healthcare. The company's robust model focuses on integrating online marketing solutions into its client offerings, addressing the unique challenges faced by advertisers in the evolving digital landscape.

Upcoming Expectations

The proposed closing of the offering is projected to occur shortly, pending the fulfillment of standard closing conditions. This timing aligns with the increasing demand for digital advertising solutions as businesses continue to shift towards comprehensive online strategies. Haoxi's innovative services are expected to attract more healthcare industry clients.

About Haoxi Health Technology Limited

As an influential player in the online marketing domain, Haoxi Health Technology Limited specializes in providing marketing solutions tailored to healthcare advertisers in China. The company’s considerable investment in short video marketing and other digital formats uniquely positions it to leverage trends within major platforms such as Toutiao and Douyin, enhancing advertiser ROI.

Frequently Asked Questions

What is the total amount raised in this offering?

Haoxi Health Technology Limited raised a total of $12 million through the pricing of 4,000,000 units at $3.00 each.

What components are included in each unit of the offering?

Each unit comprises one share of Class A Ordinary Share or a pre-funded warrant, along with one Series A warrant and one Series B warrant.

How does Haoxi plan to use the proceeds from the offering?

The proceeds will be utilized for working capital, investing in new technologies, and hiring skilled professionals to enhance operational capabilities.

Who is responsible for underwriting the offering?

EF Hutton LLC is acting as the sole bookrunner for Haoxi's offering.

What services does Haoxi Health Technology provide?

Haoxi specializes in online marketing solutions, focusing on the healthcare sector and providing innovative services such as online short video marketing.

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