Golden Heaven Group Holdings Ltd. Announces Closing of Initial Public Offering
14 Abril 2023 - 4:30PM
Golden Heaven Group Holdings Ltd. (the “Company” or “Golden
Heaven”) (Nasdaq: GDHG), an amusement park operator in China, has
announced today the closing of its initial public offering (the
“Offering”) of 1,750,000 ordinary shares at a public offering price
of US$4.00 per ordinary share. The gross proceeds of the Offering
were approximately US$7 million before deducting underwriting
discounts, commissions and offering expenses. The ordinary shares
began trading on the Nasdaq Capital Market on April 12, 2023 under
the symbol “GDHG.”
Net proceeds from the Offering will be used for
expanding Golden Heaven’s market share by constructing new
amusement parks and by acquiring or investing in businesses engaged
in amusement park development; upgrading existing amusement parks,
software and systems; improving internal controls; increasing brand
recognition through marketing and promotional activities; working
capital purposes; increasing employees’ compensation and benefit
packages, and investing in job training; and emergency funds to be
used when needed.
The Offering was conducted on a firm commitment
basis. Revere Securities LLC and R.F. Lafferty & Co., Inc. (the
“Underwriters”) acted as joint book-runners for the Offering.
Hunter Taubman Fischer & Li LLC acted as counsel to the
Company, and The Crone Law Group P.C. acted as counsel to the
Underwriters in connection with the Offering.
A registration statement on Form F-1 relating to
the Offering was filed with the U.S. Securities and Exchange
Commission (the “SEC”) (File Number: 333-268166) and, as amended,
was declared effective by the SEC on March 30, 2023. The Offering
was made only by means of a prospectus forming a part of the
registration statement. Copies of the final prospectus relating to
the Offering, may be obtained from Revere Securities LLC by email
at contact@reveresecurities.com, by standard mail to Revere
Securities LLC, 650 Fifth Avenue, 35th Floor, New York, NY 10019
USA, or by telephone at (212) 688-2238; or from R.F. Lafferty &
Co., Inc. by email at Offerings@rflafferty.com, by standard
mail to R.F. Lafferty & Co., Inc., 40 Wall Street, 29th Floor,
New York, NY 10005 USA, or by telephone at (212) 293-9090. In
addition, a copy of the final prospectus relating to the Offering,
when available, may be obtained via the SEC’s website
at www.sec.gov.
This press release does not constitute an offer
to sell, or the solicitation of an offer to buy any of the
Company’s securities, nor shall such securities be offered or sold
in the United States absent registration or an applicable exemption
from registration, nor shall there be any offer, solicitation or
sale of any of the Company’s securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction.
About Golden Heaven Group Holdings
Ltd.
Golden Heaven Group Holdings Ltd. manages and
operates six properties consisting of amusement parks, water parks,
and complementary recreational facilities. With approximately
426,560 square meters of land in the aggregate, these parks are
located in geographically diverse markets across the south of China
and collectively offer 139 rides and attractions. Due to the
geographical locations of the parks and the ease of travel, the
parks are easily accessible to an aggregate population of
approximately 21 million people. The parks provide a wide range of
exciting and entertaining experiences, including thrilling rides,
family-friendly attractions, water attractions, gourmet festivals,
circus performances, and high-tech facilities. For more
information, please visit the Company’s website
at https://ir.jsyoule.com/.
Forward-Looking Statements
This press release contains “forward-looking
statements.” Forward-looking statements reflect our current view
about future events. These forward-looking statements involve known
and unknown risks and uncertainties and are based on the Company’s
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as “may,” “will,” “could,” “expect,” “anticipate,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “is/are likely to,”
“propose,” “potential,” “continue” or similar expressions. The
Company undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company’s registration statement and other
filings with the SEC.
For investor and media inquiries, please
contact:
Golden Heaven Group Holdings
Ltd.Email: group@jsyoule.com
Ascent Investor Relations LLCTina XiaoPhone:
+1-917-609-0333Email: tina.xiao@ascent-ir.com
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