Ispire Technology closes $12.3M public offering of 2.05M shares at $6.00

Ispire Technology Inc.

Gross proceeds $12.3M; net ~$10.6M after placement agent fees and expenses.
Shares priced at $6.00; offering closed on March 26, 2024.
Net proceeds to fund Malaysia manufacturing facility and joint venture with Berify/Chemular, plus working capital and R&D.
After closing, 56,329,396 shares outstanding; Roth Capital led placement with TFI Securities.
90-day lock-up on share issuance and 180-day restriction on variable-rate transactions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ispire Technology Inc. entered into Purchase Agreement with certain purchasers valued at approximately $10.6 million (effective 2024-03-22).

Action: entry
Agreement: equity purchase
Counterparty: certain purchasers
Value: approximately $10.6 million
Effective: 2024-03-22

Exact text from the filing

On March 22, 2024, Ispire Technology Inc. (the “Company”) entered into a placement agency agreement (the “Placement Agency Agreement”) with Roth Capital Partners, LLC and TFI Securities and Futures Limited (the “Placement Agents”) and a securities purchase agreement (the “Purchase Agreement”) with certain purchasers pursuant to which the Company agreed to sell, in a secondary offering (the “Offering”), an aggregate of 2,050,000 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”), of the Company.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ispire Technology Inc. entered into Placement Agency Agreement with Roth Capital Partners, LLC and TFI Securities and Futures Limited (effective 2024-03-22).

Action: entry
Agreement: underwriting
Counterparty: Roth Capital Partners, LLC and TFI Securities and Futures Limited
Effective: 2024-03-22

Exact text from the filing

On March 22, 2024, Ispire Technology Inc. (the “Company”) entered into a placement agency agreement (the “Placement Agency Agreement”) with Roth Capital Partners, LLC and TFI Securities and Futures Limited (the “Placement Agents”) and a securities purchase agreement (the “Purchase Agreement”) with certain purchasers

View on SEC.gov

284 material agreements filed in the last 30 days. Browse all material agreements →

Ispire Technology Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-026641

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