Huadi International Group Co., Ltd. Announces Pricing of $25 Million Registered Direct Offering
07 Noviembre 2022 - 8:00AM
Huadi International Group Co., Ltd. (“HUDI” or the “Company”)
(NASDAQ: HUDI), a leading developer and manufacturer of industrial
stainless steel seamless pipes and tubes products in China, today
announced that it has entered into a securities purchase
agreement with two institutional investors for
a registered direct offering of $25 million of its
ordinary shares, before payment of commissions and expenses. The
offering is expected to close on or about
November 9, 2022, subject to the satisfaction of
customary closing conditions.
The offering consists of the sale of 1
million ordinary shares in a registered direct offering, at a
purchase price of $25.00 per ordinary share. Univest
Securities, LLC is acting as the exclusive placement agent for
this offering.
The offering of the ordinary shares described
above is being made pursuant to an effective "shelf" registration
statement on Form F-3 (File No. 333-265882), previously filed with
the U.S. Securities and Exchange Commission (the "SEC")
on June 28, 2022, and declared effective on October 21,
2022. The offering will be made only by means of a prospectus
supplement and accompanying prospectus. A final prospectus
supplement and accompanying prospectus related to the offering will
be filed with the SEC and will be available on the SEC's website
located at http://www.sec.gov.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy, nor will there be
any sales of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such
jurisdiction.
About Huadi International Group Co.,
Ltd.
Huadi International Group Co., Ltd. is a leading
manufacturer of industrial stainless steel seamless pipes and tubes
products with extensive distribution facilities and network for
over twenty provinces in China and across international steel pipes
industry. It offers a broad range of products exported to twenty
countries and regions such as United States, Mexico, Thailand,
Australia, Argentina, Taiwan, India, the Philippines, UAE and
Canada. Its products are widely used in the oil & gas
transmission, chemistry engineering, food processing, medical
devices, aeronautics and astronautics, boiler, irrigation works
construction, electricity, automobile, naval architecture, paper
mill and mechanical industries. For more information about the
Company, please visit: http://www.huadi.cc.
Forward-Looking Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as “may, “will, “intend,” “should,” “believe,”
“expect,” “anticipate,” “project,” “estimate” or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company’s expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company’s goals and strategies; the Company’s future
business development; financial condition and results of
operations; product and service demand and acceptance; reputation
and brand; the impact of competition and pricing; changes in
technology; government regulations; fluctuations in general
economic and business conditions in China and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company’s filings with the
SEC, which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward‐looking
statements to reflect events or circumstances that arise after the
date hereof.
For more information, please contact:
Investor Relations Email: IR@huadigroup.com
Univest Securities, LLC:
Eric Guo Chief Executive Officer 75 Rockfeller
Plaza, Suite 1838 New York, NY 10019 Phone: (212) 343-8888 Email:
info@univest.us
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