HomesToLife Ltd. (HTLM) today announced the pricing of its initial public offering of an aggregate of 1,250,000 ordinary shares (the “Offering”), all of which are being offered by HTLM at a public offering price of $4.00 per share.
In addition, the Company has granted the underwriters a 45-day option (the “Over-Allotment Option”) to purchase up to an additional 187,500 ordinary shares at the initial public offering price, less underwriting discounts and commissions. The gross proceeds to HTLM from the Offering (assuming that the Over-Allotment Option is not exercised), before deducting underwriting discounts and commissions and estimated offering expenses payable by HTLM, is expected to be $5 million.
The shares are expected to begin trading on the Capital Market under the ticker symbol “HTLM” on October 1, 2024. The Offering is expected to close on October 2, 2024, subject to customary closing conditions.
US Tiger Securities, Inc. (“Tiger”) is the sole Book-Running manager for the Offering. Loeb & Loeb LLP is acting as U.S. legal counsel to the Company, and Hunter Taubman Fischer & Li LLC is acting as U.S. legal counsel to Tiger.
The Offering is being conducted pursuant to the Company’s Registration Statement on Form F-1 (File No. 333-281693) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on September 30, 2024. The Offering is being made only by means of a prospectus. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, electronic copies of the prospectus relating to the Offering may be obtained from Tiger at 437 Madison Avenue, 27th Floor, New York, New York 10022, or by telephone at +1 646-978-5188.
This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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.
