Park Ha Biological Technology Co., Ltd. prices IPO at $4.00 per share on Nasdaq

From GlobeNewswire: 2024-12-26 21:46:29

Park Ha Biological Technology Co., Ltd. announced the pricing of its initial public offering of 1,200,000 ordinary shares at $4.00 per share on the Nasdaq Capital Market under the symbol “PHH”. The company expects to receive $4.8 million in gross proceeds and has granted underwriters an option for an additional 180,000 shares. The offering is expected to close on December 30, 2024, with net proceeds going towards expanding stores, purchasing patents, and acquiring suppliers. The Offering is being conducted on a firm commitment basis with Dawson James Securities, Inc. and D. Boral Capital LLC acting as underwriters.

A registration statement on Form F-1 was filed with the SEC and declared effective on December 20, 2024, with copies of the prospectus available from the underwriters or the SEC’s website. The Company, established in 2016, focuses on skincare products under the brand “Park Ha” and offers beauty services in its stores. Forward-looking statements about the Offering were included in the announcement, with the Company emphasizing the risks and uncertainties involved. For more information, contact the Investor Relations Department at Park Ha Biological Technology Co., Ltd. or Ascent Investor Relations LLC.



Read more at GlobeNewswire: Park Ha Biological Technology Co., Ltd. Announces Pricing