Youxin Technology Ltd closes IPO, raising $10.35 million for research, development, and general purposes.

From GlobeNewswire: 2024-12-23 10:49:25

Youxin Technology Ltd has successfully closed its initial public offering, raising $10.35 million by selling 2,300,000 Class A ordinary shares at $4.50 per share on the Nasdaq Capital Market. The company also granted the underwriters an option to purchase an additional 345,000 shares. The net proceeds will be used for research and development, sales and marketing, and general corporate purposes. Aegis Capital Corp. acted as the sole book-running manager for the Offering, with legal counsel provided by Kaufman & Canoles P.C. and Olshan Frome Wolosky LLP. The Offering was made under a registration statement filed with the SEC.



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