HomesToLife Ltd Completes Initial Public Offering
SINGAPORE, Oct. 02, 2024 — HomesToLife Ltd. (“HTLM” or the “Company”) today announced the completion of its initial public offering (IPO) of 1,437,500 ordinary shares. The shares were sold at a price of $4.00 per share, raising a total of $5.75 million in gross proceeds for the Company. This includes 187,500 shares sold upon full exercise of the underwriter’s option to purchase additional shares. The shares began trading on the NASDAQ Stock Market LLC on October 1, 2024, under the symbol “HTLM.”
US Tiger Securities, Inc. (“Tiger”) acted as the sole Book-Running manager for the Offering. Loeb & Loeb LLP served as U.S. legal counsel to the Company, while Hunter Taubman Fischer & Li LLC represented Tiger as U.S. legal counsel.
The Offering was conducted in accordance with the Company’s Registration Statement on Form F-1 (File No. 333-281693), which was previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on September 30, 2024. The Offering was made solely through a prospectus. Copies of the prospectus can be obtained free of charge by visiting EDGAR on the SEC Website at . Alternatively, electronic copies of the prospectus can be obtained from Tiger at 437 Madison Avenue, 27th Floor, New York, New York 10022, or by telephone at +1 646-978-5188.
This press release is intended for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy these securities. No sale of these securities will occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.
About HomesToLife Ltd.
HomesToLife Singapore, the Company’s wholly owned subsidiary and operating company, is a leading home furniture retailer in Singapore. As of October 2024, it operates six retail store locations. Since 2014, the company has helped homeowners create personalized living spaces. Its product offerings include leather and fabric upholstered furniture, case goods, and accessories, providing a one-stop shop for customers to furnish their homes. “HomesToLife” is committed to providing fair prices, exceptional value, consistent and reliable quality, and on-time delivery to its customers. The Company’s website, , offers consumers a seamless online shopping experience and post-sales customer service support.
FORWARD-LOOKING STATEMENTS
Some statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed Offering. These statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Forward-looking statements can often be identified by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company is under no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. While the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove to be accurate. Investors are cautioned that actual results may differ materially from the anticipated results. The Company encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
Contacts
HomesToLife Ltd. Contact:
6 Raffles Boulevard, #02-01/02
Marina Square, Singapore 039594
Email:
Underwriter Inquiries:
US Tiger Securities, Inc.
437 Madison Avenue, FL 27
New York, NY 10022
Email: ECM@ustigersecurities.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: