secwatch.observer — SEC 8-K summary
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Issuer:     Ispire Technology Inc. (ISPR)
CIK:        0001948455
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001213900-23-028005
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ispire Technology prices IPO of 2.7M shares at $7.00, raising $18.9M gross
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- IPO of 2,700,000 shares at $7.00 per share; gross proceeds ~$18.9M before expenses.
- Shares began trading on Nasdaq Capital Market on April 4, 2023 under ticker ISPR.
- Underwriters granted 45-day option to purchase up to 405,000 additional shares for over-allotments.
- Proceeds: ~35% for Vietnam/US manufacturing, ~25% for R&D, ~20% for marketing, ~20% for working capital.
- Two selling stockholders may offer up to 1,750,000 shares; company will not receive any proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1948455/000121390023028005/0001213900-23-028005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1948455/000121390023028005/ea176643-8k_ispiretech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-028005

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