Leishen Energy Completes $5.5 Million IPO “`
Beijing, China-based Leishen Energy Holding Co., Ltd. (Leishen Energy) (Nasdaq: LSE), a provider of clean energy equipment and integrated solutions for the oil and gas industry, announced the pricing of its initial public offering (IPO) of 1,375,000 ordinary shares at $4.00 per share, totaling $5,500,000 in gross proceeds before deductions. Trading on the Nasdaq Capital Market under the ticker symbol “LSE” is set to begin on December 19, 2024.
The underwriters hold a 45-day option to purchase up to an additional 206,250 shares at the IPO price, less the underwriting discount. Net proceeds will fund the construction of a high-tech manufacturing park in Nanjing, establish a smart manufacturing and new energy R&D center, purchase equipment and patented technologies, expand the company’s presence in the Southwest China oil and gas market, and bolster working capital.
The offering is expected to close on December 20, 2024, contingent upon customary closing conditions. Dominari Securities LLC serves as lead underwriter, and Revere Securities LLC as co-manager. Sichenzia Ross Ference Carmel LLP acts as U.S. counsel for Leishen Energy, and VCL Law LLP represents the underwriters.
The shares are offered under a registration statement on Form F-1 (File Number: 333-282433), declared effective by the SEC on December 18, 2024. The offering is made via a prospectus, part of the effective registration statement. Prospectuses are available from Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor New York, NY 10022, Attention: Eric Newman, by calling (212) 393-4500, emailing or via the SEC website at .
Investors should review the prospectus and SEC filings for complete information. This press release doesn’t constitute an offer to sell or a solicitation to buy securities, and sales are subject to registration or applicable exemptions, and are compliant with the Securities Act of 1933.
About Leishen Energy Holding Co., Ltd.
Founded in 2007, Leishen Group provides clean-energy equipment and integrated solutions for the oil and gas industry, focusing on high-performance, safe, and cost-effective energy solutions. Its core businesses include clean-energy equipment sales, new energy production and operation, digitalization and integration equipment, and oil and gas engineering technical services. Holding over 70 patents and software copyrights, the Group has expanded its operations beyond China to Central and Southeast Asia, earning recognition for its service quality.
Forward-Looking Statements
This announcement contains forward-looking statements, including regarding the share offering, subject to risks and uncertainties. These statements are based on current expectations and projections about future events. Words like “aim,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “propose,” “seek,” “should,” “will,” and “would” often indicate forward-looking statements. The Company doesn’t guarantee the accuracy of these statements and advises investors to review the registration statement and other SEC filings.
For more information, please contact:
Leishen Energy Holding Co., Ltd.
Investor Relations Department
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