WestPark Capital today announced the closing of a $5 Million Initial Public Offering for Jinxin Technology Holding Company (the “Company”) (Nasdaq: NAMI), an innovative digital content service provider in China. The offering consisted of 1,250,000 American Depositary Shares (“ADSs”) at a price to the public of $4.00 per ADS. Each ADS represents eighteen (18) ordinary shares of the Company. The ADSs commenced trading on December 06, 2024 under the ticker symbol “NAMI.”
The Company received aggregate gross proceeds of $5 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company granted the underwriters a 60-day option to purchase up to an additional 187,500 ADSs at the initial public offering price, less underwriting discounts.
WestPark Capital, Inc. was Bookrunner for the Offering.
Registration statements on Form F-1 relating to the Offering were filed with the Securities and Exchange Commission (the “SEC”) (File Number: 333-273884 and 333-278897) and, as amended, were declared effective by the SEC on September 30, 2024. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained from WestPark Capital, Inc. at 1800 Century Park East, Suite 220, Los Angeles, CA 90067, via email at jstern@wpcapital.com, or by calling +1-310-843-9300. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark Capital provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, CMPOs, RDs, ATM, SIPOs and corporate finance advisory services. Additional information about WestPark Capital is available at www.wpcapital.com or at info@wpcapital.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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Contacts
WestPark Capital, Inc.
Jason Stern
info@wpcapital.com
