Armlogi Holding Corp. completes $8M IPO on Nasdaq; shares begin trading under BTOC

Armlogi Holding Corp.

IPO of 1.6M shares at $5.00/share, gross proceeds $8M before expenses.
Shares began trading on Nasdaq Global Market on May 14, 2024 under ticker BTOC.
IPO closed on May 15, 2024; underwriters granted 45-day over-allotment option for up to 240k additional shares.
Net proceeds to be used for expanding warehouse network, developing ocean freight and port trucking services.
EF Hutton LLC acted as sole book-running manager for the offering.

item 1.01 item 7.01 item 9.01

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

Armlogi Holding Corp. entered into Underwriting Agreement with EF Hutton LLC (effective 2024-05-13).

Action: entry
Agreement: underwriting
Counterparty: EF Hutton LLC
Effective: 2024-05-13

Exact text from the filing

On May 13, 2024, Armlogi Holding Corp. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with EF Hutton LLC, as representative of the several underwriters listed on Schedule A to the Underwriting Agreement (the “ Representative ”), relating to the Company’s initial public offering (the “ IPO ”) of 1,600,000 shares of common stock, par value $0.00001 per share (“ Common Stock ”), for a price of $5.00 per share, less certain underwriting discounts.

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Armlogi Holding Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-043682

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