Pheton Holdings Launches Initial Public Offering of 2.25M Shares
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Pheton Holdings Launches Initial Public Offering of 2.25M Shares
Pheton Holdings Ltd (PTHL) is making exciting strides in the healthcare sector, particularly in treatment planning systems for brachytherapy. The company has just announced its plans for an initial public offering (IPO) that involves 2,250,000 Class A ordinary shares, priced at $4.00 per share. This IPO aims to generate total gross proceeds of $9 million, excluding underwriting discounts and other related expenses.
Details on the Offering
In addition to the initial offering, Pheton Holdings has presented the underwriters with a 45-day option to purchase an additional 337,500 Class A ordinary shares at the same public offering price, minus the underwriting discounts. Investors can expect trading to begin on the Nasdaq Capital Market soon under the ticker symbol "PTHL." The firm commitment basis indicates a solid backing for this offering.
Underwriter Representation
CATHAY SECURITIES, INC. has taken the lead as the representative of the underwriters for this offering, supported by Dominari Securities LLC as a co-underwriter. Legal guidance is provided by Hunter Taubman Fischer & Li LLC for the company, while The Crone Law Group P.C. represents the underwriters.
Regulatory Filing and Compliance
Pheton Holdings has prepared a registration statement on Form F-1, which has been approved by the U.S. Securities and Exchange Commission (SEC). This approval is essential for the offering to proceed, confirming that the necessary regulations are adhered to and that stakeholders are receiving the appropriate documentation and disclosures.
Reading the Prospectus
Prospective investors are encouraged to review the available prospectus and free writing prospectus as part of their investment considerations. Education on these documents can help in understanding the full scope of the offering and the company's operations. It is advisable to stay informed by accessing the materials filed with the SEC to comprehend the associated risks and opportunities.
Contact Information for More Details
For those interested in receiving further information or the official prospectus, CATHAY SECURITIES, INC. can be contacted via email or telephone. They provide opportunities for interested parties to learn more about the specifics of this offering and how to participate or gather additional insights into Pheton Holdings' future growth trajectory.
Frequently Asked Questions
What is Pheton Holdings' IPO offering price?
The IPO offering price for Pheton Holdings is set at $4.00 per Class A ordinary share.
How many shares are included in the offering?
Pheton Holdings is offering a total of 2,250,000 Class A ordinary shares in this IPO.
When is trading expected to begin?
The shares are expected to begin trading on the Nasdaq Capital Market shortly after the offering closes.
Who is managing the underwriting for this IPO?
CATHAY SECURITIES, INC. is acting as the representative of the underwriters, with Dominari Securities LLC also involved.
How can I obtain a copy of the final prospectus?
Copies of the final prospectus can be requested from CATHAY SECURITIES, INC., either by email or telephone, once they are available.
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