GUANGZHOU, China, April 17,
2023 /PRNewswire/ -- Top KingWin Ltd ("Top
KingWin" or the "Company") (Nasdaq: TCJH), a provider of capital
market related education and support services, as well as advisory
and transaction services in China,
today announced the pricing of its initial public offering of
2,750,000 Class A ordinary shares at a public offering price of
$4.00 per share for total gross
proceeds of approximately $11
million, before deducting underwriting discounts and
commissions and offering expenses payable by the Company. The
offering is being conducted on a firm commitment basis. The Class A
ordinary shares are expected to commence trading on The Nasdaq
Capital Market under the ticker symbol "TCJH" on April 18, 2023.
The Company has granted the underwriter a 45-day option to
purchase up to an additional 412,500 Class A ordinary shares at the
public offering price, less underwriting discounts and commissions.
The offering is expected to close on April
20, 2023, subject to customary closing
conditions.
The Company intends to use the net proceeds from the
offering for: i) personnel training and recruitment of talented
personnel; ii) system improvement, building online platforms for
future online courses; iii) enhancement of brand recognition
through multi-channel marketing; iv) mergers and acquisitions
within the industry; and v) general corporate purposes and working
capital.
Univest Securities, LLC is acting as book runner for the
offering. Pacific Century Securities, LLC and AC
Sunshine Securities LLC are acting as co-managers for the offering.
Robinson & Cole LLP is acting as U.S. counsel to the Company.
Olshan Frome Wolosky LLP is acting as U.S. counsel to the
underwriters. Jingtian & Gongcheng is acting as
PRC counsel to the Company.
A registration statement on Form F-1, as amended (File
No.333-269290), relating to the offering was filed with the
Securities and Exchange Commission ("SEC") by the Company and
declared effective by the SEC on March 29,
2023. The offering is being made only by means of a
prospectus, forming a part of the registration statement. A final
prospectus relating to the offering will be filed with the SEC and
will be available on the SEC's website at www.sec.gov.
Electronic copies of the final prospectus related to the offering
may be obtained, when available, from Univest Securities, LLC, by
standard mail to Univest Securities, LLC, 75 Rockefeller Plaza
Suite 1838, New York, NY 10019, or
by email at info@univest.us.
Before you invest, you should read the final prospectus and
other documents the Company has filed or will file with the SEC for
more complete information about the Company and the offering. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these 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 any such state or jurisdiction.
About Top KingWin Ltd
Top KingWin's main clients are entrepreneurs and executives in
small and medium-sized enterprises in China. Services provided by Top KingWin to its
clients including (i) corporate business training services, which
mainly focus on providing training services of advanced knowledge
and new perspectives on the capital markets, (ii) corporate
consulting services, which mainly focus on providing a combination
of customized corporate consulting services to fulfill client's
unique financial needs, and (iii) advisory and transaction
services, which mainly focus on connecting entrepreneurs and
businesses with diversified sources of capital. Its mission is to
provide comprehensive services to address clients' needs throughout
all phases of their development and growth.
Forward-Looking Statements
This press release contains forward-looking statements. All
statements other than statements of historical fact in this press
release are forward-looking statements, including but not limited
to, the offer and sale of shares, the terms of the Company's
proposed offering, the intent, belief or current expectations of
Top KingWin and members of its management, as well as the
assumptions on which such statements are based. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations and projections
about future events and financial trends that the Company believes
may affect its financial condition, results of operations, business
strategy and financial needs, including the expectation that the
offering will be successfully completed. Investors can identify
these forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. The Company undertakes no obligation to
update 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 in its
other filings with the SEC.
For more information, please contact:
Investor Relations:
Sherry
Zheng
Weitian Group LLC
Phone: 718-213-7386
Email: shunyu.zheng@weitian-ir.com
Underwriter Inquiries:
Univest Securities, LLC
Edric Guo, Chief Executive
Officer
75 Rockefeller Plaza, Suite 1838
New York, NY 10019
Phone: (212) 343-8888
Email: info@univest.us
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SOURCE Top Kingwin Ltd