YSX TECH. CO., LTD Announces Pricing of Its Initial Public Offering

Guangzhou, December 17, 2024 (GLOBE NEWSWIRE) — YSX TECH. CO., LTD (the “Firm” or “YSXT”), a Cayman Islands exempt firm that, by way of its floating charge entities in China, supplies complete enterprise options primarily to insurance coverage corporations and brokers in China, in the present day introduced the pricing of its preliminary public providing ( the “Providing”) of 1,250,000 shares of Class A typical inventory (the “Widespread Shares”) at a public providing worth of $4.00 per share for mixture gross proceeds of roughly $5,000,000, earlier than deducting underwriting reductions and different providing bills. The frequent inventory has been authorized for itemizing on the Nasdaq Capital Market and is anticipated to start buying and selling beneath the ticker image “YSXT” on December 18, 2024.

The Firm has granted the underwriters an choice, exercisable inside 45 days from the deadline of the Providing, to buy as much as 187,500 further Widespread Shares on the public providing worth, much less underwriting reductions, to cowl any over-allotment.

The Providing is anticipated to shut on December 19, 2024, topic to the satisfaction of customary closing situations.

The Provide is being executed on the premise of a agency dedication. Kingswood Capital Companions, LLC is appearing as sole bookrunner. Hunter Taubman Fischer & Li LLC is appearing as U.S. securities advisor to the Firm, and Greenberg Traurig, LLP is appearing as U.S. advisor to the underwriters, in reference to the Providing.

The Firm intends to make use of the proceeds from this Providing for enterprise enlargement and creating new geographic markets, product analysis and growth, expertise acquisition, in addition to working capital and common company functions.

A registration assertion on Kind F-1 (File No. 333-280312) regarding the providing, as amended, has been filed with the U.S. Securities and Alternate Fee (the “SEC”) and was declared efficient by the SEC on December 17. , 2024. The Providing is being made solely by way of a prospectus. Digital copies of the ultimate prospectus regarding the Providing could also be obtained, when accessible, from Kingswood Capital Companions LLC: 126 E 56^e St, Suite 22S, New York, NY 10022, or by telephone at +1 732-910-9692. As well as, a replica of the ultimate prospectus might also be obtained from the SEC’s web site: http://www.sec.gov.

Earlier than investing, you need to learn the prospectus and different paperwork that the Firm has filed or will file with the SEC for extra details about the Firm and the Providing. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase the securities described herein nor shall there be any sale of those securities in any state or jurisdiction during which such provide, solicitation or sale can be illegal till registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.

About YSX-TECH. CO., LTD

YSX TECH primarily operates in Xinjiang and Guangdong provinces. CO., LTD is a Cayman Islands exempt firm that, by way of its floating charge entities in China, supplies complete enterprise options primarily to insurance coverage corporations and brokers in China. The corporate has deep information of China’s insurance coverage business, gathered by way of years of serving clients, and focuses on value-added companies within the auto insurance coverage aftermarket, software program growth and data expertise companies, in addition to different scenario-based customization companies, corresponding to merchandise and buyer growth companies. For extra info please go to: https://ir.ysxtechcay.com And https://www.ysxnet.com.

Ahead-looking assertion

This press launch accommodates forward-looking statements. Ahead-looking statements embrace statements about plans, targets, goals, methods, future occasions or efficiency, and underlying assumptions and different statements that aren’t statements of historic reality. When the Firm makes use of phrases corresponding to “could,” “intend,” “ought to,” “imagine,” “anticipate,” “anticipate,” “undertaking,” “estimate” or comparable expressions that don’t refer solely to historic issues, it makes forward-looking statements. These forward-looking statements embrace, with out limitation, the Firm’s statements relating to the anticipated buying and selling of its Widespread Inventory on the Nasdaq Capital Market and the closing of the Providing. Ahead-looking statements are usually not ensures of future efficiency and contain dangers and uncertainties that would trigger precise outcomes to vary materially from the Firm’s expectations mentioned within the forward-looking statements. These statements are topic to uncertainties and dangers, together with, however not restricted to, the uncertainties related to market situations and the completion of the IPO on the anticipated phrases or in any respect, and different elements mentioned within the part under. Danger Components’ from the registration assertion filed with the SEC. For these causes, amongst different issues, traders are cautioned to not place undue reliance on any forward-looking statements contained on this press launch. Further elements are mentioned within the firm’s filings with the SEC, which can be found for evaluate at http://www.sec.gov. The Firm undertakes no obligation to publicly replace these forward-looking statements to replicate occasions or circumstances after the date hereof.

For extra info please contact:

YSX TECH. CO., LTD
marketing@ysxnet.com
+86 (20) 2984 2002

Investor Relations
WFS Investor Relations Inc.
Janice Wang
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