INLIF LIMITED Prices US$8 Million IPO “`
Quanzhou, China, December 31, 2024 – INLIF LIMITED (“INLIF” or the “Company”), a developer, manufacturer, and seller of injection molding machine manipulator arms, announced the pricing of its initial public offering (the “Offering”) of 2,000,000 ordinary shares at US$4.00 per share. These shares are approved for listing on the Nasdaq Capital Market and are expected to begin trading on January 2, 2025, under the symbol “INLF.”
The Company anticipates gross proceeds of US$8 million from the Offering, before accounting for underwriting discounts and other expenses. The underwriters have a 45-day option to purchase up to an additional 300,000 shares at the public offering price, less discounts. The Offering is scheduled to close around January 3, 2025, contingent on standard closing conditions.
Proceeds will fund: (i) a 5G digital intelligent equipment production facility; (ii) 24 local marketing and service offices in China; (iii) an industrial robot and automation technology R&D center; and (iv) working capital.
The Offering is a firm commitment underwriting. AC Sunshine Securities LLC served as the underwriter. Hunter Taubman Fischer & Li LLC is the Company’s U.S. securities counsel, and iTKG Law LLC is the underwriter’s U.S. counsel.
The Offering’s registration statement (Form F-1, File Number: 333-279569) was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on December 20, 2024. The Offering is solely through a prospectus, part of the registration statement. Prospectuses are available from AC Sunshine Securities LLC, 200 E. Robinson Street, Suite 295, Orlando, FL 32801; via email at [email protected]; or by calling +1(689)-867-6218. They are also available on the SEC website at [website address].
Review the prospectus and other SEC filings before investing. This release doesn’t offer or solicit the purchase of securities and is not valid where prohibited by law.
About INLIF LIMITED
Operating through Ewatt Robot Equipment Co. Ltd. (established September 2016), INLIF researches, develops, manufactures, and sells injection molding machine manipulator arms. It also provides installation, warranty, and supplies services. Its product range includes single and double-axis, multi-axis, and large bullhead multi-axis manipulator arms.
Forward-Looking Statements
This announcement contains forward-looking statements, including regarding the Offering. These statements involve known and unknown risks and are based on current expectations and projections about future events. Words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and similar expressions often indicate forward-looking statements. The Company is not obligated to update these statements, except as legally required. These statements are subject to uncertainties, including market conditions and other factors detailed in the “Risk Factors” section of the SEC registration statement. Actual results may differ materially from expectations. Investors should review the registration statement and other SEC filings available at [website address] for additional factors that could affect future results.
For more information, please contact:
INLIF LIMITED
Investor Relations Department
Email: [email protected]
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: [email protected]