-+ 0.00%
-+ 0.00%
-+ 0.00%
INLIF Commences ~3.75M Offering Of 435K Class A Ordinary Shares
Share
Listen to the news

INLIF LIMITED (NASDAQ:INLF) (together with all its subsidiaries and consolidated entities, the "Company" or "INLIF"), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of an aggregate of 435,000 Class A Ordinary Shares, par value of US$0.0001 per share, of the Company (the "Ordinary Shares"), pre-funded warrants to purchase up to 1,908,750 Ordinary Shares (the "Pre-Funded Warrants"), Series A warrants to initially purchase up to 2,343,750 Ordinary Shares (the "Series A Warrants"), Series B warrants to initially purchase up to 2,343,750 units (the "Series B Warrants", each unit consisting of one Ordinary Share, or one Pre-Funded Warrant in lieu thereof and one Series A Warrant ), and Series C warrants to purchase a number of Ordinary Shares to be determined in accordance with their terms (the "Series C Warrants" and, together with the Series A Warrants and the Series B Warrants, the "Ordinary Warrants"), in a registered direct offering (the "Offering"). Each Ordinary Share or Pre-Funded Warrant will be sold together with one accompanying Series A Warrant, one accompanying Series B Warrant and one accompanying Series C Warrant at a combined purchase price of US$1.60 per Ordinary Share and accompanying Ordinary Warrants, or US$1.5999 per Pre-Funded Warrant and accompanying Ordinary Warrants, which equals the combined purchase price per Ordinary Share and accompanying Ordinary Warrants minus US$0.0001, the exercise price of each Pre-Funded Warrant. The aggregate gross proceeds from the Offering are expected to be approximately US$3.75 million, prior to deducting placement agent fees, legal fees, administrative and other offering-related expenses.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending