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HAOXIN HOLDINGS LIMITED Announces Closing of Initial Public Offering
HXHXHaoxin Holdings(HXHX) GlobeNewswire·2025-04-16 18:39

Company Overview - Haoxin Holdings Limited is a provider of temperature-controlled truckload service and urban delivery services in China, focusing on factory logistics including electronic devices, chemicals, fruit, food, and commercial goods [6] - The transportation network of the company covers 30 out of the 34 provinces and autonomous regions in China [6] Initial Public Offering (IPO) Details - The company announced the closing of its initial public offering of 1,750,000 Class A ordinary shares at a public offering price of 4pershare,withgrossproceedsof4 per share, with gross proceeds of 7 million before expenses [1][2] - The Class A ordinary shares began trading on Nasdaq Capital Market under the ticker symbol "HXHX" on April 15, 2025 [1] - The underwriters have an option to purchase up to an additional 262,500 Class A ordinary shares within 45 days from the underwriting agreement [2] Underwriters and Legal Counsel - Craft Capital Management LLC and WestPark Capital, Inc. acted as the representatives for the offering, while Ortoli Rosenstadt LLP served as counsel to the company [3]