Eshallgo Inc Sets IPO Price at $4 per Share, Aims to Raise $5 Million

Eshallgo Inc, a prominent office solution provider in China, has announced the pricing of its initial public offering (IPO) at $4 per Class A ordinary share. The company plans to offer 1,250,000 shares, aiming to raise a total of $5 million in gross proceeds. The IPO will be conducted on a firm commitment basis, with the Class A ordinary shares expected to begin trading on the Nasdaq Capital Market under the ticker symbol “EHGO” on July 2, 2024.

In addition to the initial offering, Eshallgo has granted the underwriters an option to purchase up to an additional 187,500 Class A ordinary shares within 45 days of the underwriting agreement. This option allows for potential increased proceeds, further strengthening the company’s financial position.

US Tiger Securities, Inc. and Kingswood Capital Partners, LLC are acting as co-underwriters for the IPO. The Company has also engaged Ortoli Rosenstadt LLP as U.S. counsel, and VCL Law LLP as U.S. counsel to the underwriters, to ensure a smooth and successful offering process.

Eshallgo Inc specializes in two key market sectors: office supply sale and leasing, as well as after-sale maintenance and repair. With an extensive geographical presence spanning 20 provinces in China, the company aims to become a leading office integrator and service provider. By offering competitive overall office solutions and services, Eshallgo seeks to expand its service market beyond office equipment and continue creating maximum value for its customers.

The IPO represents a significant milestone for Eshallgo, providing the company with additional capital to support its growth strategies and further enhance its market position. The funds raised will contribute to the company’s expansion plans, allowing it to reach more customers and strengthen its presence in the office solutions industry.

Investors interested in participating in the IPO are advised to review the final prospectus and other relevant documents filed by the company with the Securities and Exchange Commission (SEC) for a comprehensive understanding of Eshallgo’s business and the offering details.

Eshallgo Inc encourages investors to consider the forward-looking statements made in the announcement, which highlight the company’s expectations and projections for future events and financial trends. While the company believes these statements are reasonable, it acknowledges the potential for actual results to differ materially from anticipated outcomes. Eshallgo remains committed to providing updates on any subsequent events or circumstances that may impact its expectations.

For more information about Eshallgo Inc and its IPO, please visit the company’s website at http://ir.eshallgo.com/. Investors can also contact Sherry Zheng from Weitian Group LLC, the company’s Investor Relations representative, for further inquiries.

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