FUZHOU, China, May 14, 2021 /PRNewswire/ — E-Home Household Service Holdings Limited (the “Company”), a household service company based in Fuzhou, China, today announced the pricing of its initial public offering (“Offering”) of 5,555,556 ordinary shares at a public offering price of US$4.5 per share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading today, May 14, 2021 under the ticker symbol “EJH”.
The Company expects to receive aggregate gross proceeds of US$25 million from this Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 666,667 ordinary shares at the public offering price. The Offering is expected to close on or about May 18, 2021, subject to the satisfaction of customary closing conditions.
Proceeds from the Offering will be used for investment in product development, sales and marketing activities, and technology infrastructure; improvement of corporate facilities and other general and administrative matters; acquisition of, or investment in, technologies, solutions or businesses that complement our business; and general corporate purposes.
The Offering is being conducted on a firm commitment basis. Joseph Stone Capital, LLC is acting as the lead underwriter for the Offering. Bevilacqua PLLC is acting as counsel to the Company, and Davidoff Hutcher & Citron LLP…