Atif Holdings Limited Stock Price, News & Analysis

ATIF Holdings Limited (Nasdaq: ATIF) has announced its IPO advisory service for Solarever Ltd., a leading renewable energy company in Mexico, in which ATIF holds a 5.25% stake. At the Intersolar Mexico 2022 event, Solarever launched its electric vehicle brand, SEV, and showcased its energy storage product, Solarever ESS. SEV is the only local brand in Mexico with electric vehicle safety certification. The demand for Solarever's photovoltaic modules in North America is surging due to the IRA Act, prompting plans for capacity expansion.

ATIF Holdings Limited (Nasdaq: ATIF) announced that its client, Addentax Group Corp. (Nasdaq: ATXG), successfully uplisted to the Nasdaq Capital Market on August 31, 2022. Addentax, focusing on garment manufacturing and logistics, raised approximately $25 million through an underwritten public offering of 5 million shares priced at $5 each. On its debut, Addentax opened at $27.00 and closed at $656.54, marking a significant 13,031% increase and a market cap of $20.8 billion. ATIF played a crucial advisory role since Addentax's OTC listing in 2016. Jun Liu, ATIF's CEO, expressed optimism for Addentax's future performance.

ATIF Holdings Limited (Nasdaq: ATIF) applauds a new agreement between the Public Company Accounting Oversight Board (PCAOB) and Chinese authorities, which enhances audit cooperation for Chinese companies listed on U.S. exchanges. This development could boost investor confidence and facilitate more Chinese companies exploring U.S. public listings, addressing a long-standing issue for over a decade. ATIF's IPO Advisory Services, actively working with various enterprises, is poised to benefit from this improved regulatory landscape.

ATIF Holdings Limited (Nasdaq: ATIF) announced a definitive agreement to provide IPO advisory services worth US$800,000 to Massimo Motor Sports, LLC, a manufacturer of ATVs and UTVs based in Texas. Massimo reported US$81.2 million in revenues for fiscal year 2021, a 63.2% increase from 2020, although its net income fell to US$5.4 million. ATIF aims to facilitate Massimo's goal of going public, enhancing its growth potential in a competitive market.

ATIF Holdings Limited (Nasdaq: ATIF) reports strong growth from its investment in Armstrong Logistic Inc. (Armlogi), a freight forwarding and logistics firm. ATIF holds a 12.0% equity stake in Armlogi, whose revenues for Q1 2022 exceeded 50% of total 2021 revenues, with expectations of a three to four times increase for the full year. Armlogi's flexible operational strategies amid inflation pressures have led to robust performance. The growing 3PL market, projected to reach $2,275.6 billion by 2030, further underscores the positive outlook for ATIF and Armlogi.

ATIF Holdings Limited (Nasdaq: ATIF) announced strong growth in electric vehicle orders from its client Solarever Ltd., a Mexican solar and EV company, amid rising gasoline prices. ATIF holds a 5.25% equity stake in Solarever, which has reported brisk sales for its EV, the SEV e-Wan, priced from $14,500. This interest is driven by consumer demand for alternatives to high gas prices, currently averaging $4.07/gallon in the U.S. and over $5.00 in California. The company's CEO expressed optimism about Solarever's potential and ongoing IPO process, indicating strong returns for ATIF shareholders.

ATIF Holdings Limited (Nasdaq: ATIF) announced a surge in business sales for its client, Solarever Ltd., a Mexican solar energy company, following recent global oil price spikes. ATIF holds a 5.25% equity stake in Solarever, which has emerged as a leader in solar product manufacturing in Mexico. Rising oil prices have increased demand for renewable energy, benefiting Solarever's sales. The company also launched its first electric vehicle in 2022, enhancing its growth potential in clean energy.

ATIF Holdings Limited (Nasdaq: ATIF) held its 2022 Annual General Meeting on July 25, 2022, in Lake Forest, CA. Key outcomes included the election of five directors to the Board, ensuring continued leadership stability. Additionally, shareholders ratified the appointment of ZH CPA, LLC as the Company's independent registered public accounting firm for the fiscal year ending July 31, 2022. ATIF primarily offers business consulting and IPO advisory services in Asia and North America, enhancing its reputation in the financial industry.

ATIF Holdings Limited (Nasdaq: ATIF) announced an investment in Phoenix Motor Inc. (Nasdaq: PEV), expanding its portfolio in emerging technologies. Phoenix Motor specializes in electric drive systems and vehicles, having delivered 104 EVs by December 31, 2021. With a new third-generation drivetrain offering up to 160 miles of range, the company is positioned for growth in the EV sector. ATIF's CEO expressed confidence in Phoenix's future prospects and the added value for shareholders through this strategic partnership.