ZJK Industrial Co., Ltd. Celebrates Successful IPO Closing
Announcing the Successful IPO of ZJK Industrial Co., Ltd.
ZJK Industrial Co., Ltd. (NASDAQ: ZJK) has successfully completed its initial public offering (IPO) of 1,250,000 ordinary shares, marking a significant milestone for the Company. Priced at US$5.00 per share, this offering commenced trading on The Nasdaq Capital Market, exciting investors and industry watchers alike.
Financial Outcomes from the Offering
The Company garnered a total of US$6.25 million through the IPO before deducting expenses related to underwriting and other associated costs. Additionally, the Company provided its underwriters with a 30-day option to purchase up to 187,500 more shares, which could further bolster its capital.
Investment Plans Following the IPO
The net proceeds from this initial public offering are earmarked for various strategic initiatives. ZJK plans to enhance its manufacturing capabilities by expanding facilities and strengthening its sales network in North America. Moreover, the Company is considering potential acquisitions in the fastener industry, as well as allocating funds for general corporate purposes and working capital.
Future Expansion Goals
ZJK Industrial is poised for significant growth. By investing in infrastructure enhancement and expansion of its sales network, the Company aims to seize new opportunities in the market. With the ongoing rise in demand for precision fasteners, particularly in new energy vehicles and high-tech industrial applications, this strategic positioning is crucial.
The Role of Underwriters in the IPO
The IPO was executed on a firm commitment basis with the expertise of Cathay Securities, Inc. as the lead underwriter, along with Revere Securities LLC and Dominari Securities LLC. Their support was instrumental in successfully bringing ZJK’s shares to market. The legal advisory for the offering was provided by Robinson & Cole LLP and VCL Law LLP, who ensured compliance with U.S. regulations throughout the process.
About ZJK Industrial Co., Ltd.
ZJK Industrial Co., Ltd. is a high-tech enterprise specializing in the manufacturing and sale of precision fasteners, structural components, and other precision metal parts. The Company’s products are integral to several industries, including new energy vehicles, aerospace, and artificial intelligence applications. With over a decade of expertise in precision metal parts manufacturing, ZJK boasts a dedicated team and complete quality management systems, reinforcing its commitment to excellence.
Product Offerings
The Company provides a wide range of products, including standard screws, precision screws and nuts, high-strength bolts, as well as turning and Computer Numerical Control (CNC) machined components. ZJK’s offerings also encompass technology services for research and development from its experienced engineering team.
Contact Information
For inquiries, ZJK Industrial Co., Ltd. can be reached via phone at +86-0755-28341175 or by email at ir@zjk-industrial.com. Investors seeking direct communication can contact Ascent Investor Relations LLC at +1-646-932-7242 or email investors@ascent-ir.com.
Frequently Asked Questions
What does ZJK Industrial Co., Ltd. specialize in?
ZJK Industrial specializes in manufacturing precision fasteners, structural parts, and other metal components used in various industries.
How much capital did ZJK raise through its IPO?
The Company raised US$6.25 million in total gross proceeds through its IPO.
What are the plans for the proceeds from the IPO?
ZJK plans to use the proceeds for expanding its facilities, enhancing its sales network in North America, and exploring potential acquisitions.
Who were the underwriters for ZJK's IPO?
The IPO was underwritten by Cathay Securities, Inc., Revere Securities LLC, and Dominari Securities LLC.
How can investors contact ZJK Industrial for more information?
Investors can reach ZJK Industrial at +86-0755-28341175 or via email at ir@zjk-industrial.com.
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