INLIF LIMITED Announces Pricing of US$8 Million Initial Public Offering

Rhea-AI Summary

INLIF , a manufacturer of injection molding machine-dedicated manipulator arms, has announced the pricing of its initial public offering (IPO) of 2,000,000 ordinary shares at $4.00 per share. The company expects to raise $8 million in gross proceeds and will begin trading on the Nasdaq Capital Market under the symbol 'INLF' on January 2, 2025.

The underwriters have a 45-day option to purchase an additional 300,000 shares. Proceeds will fund the construction of a 5G digital intelligent equipment production base, establishment of 24 local marketing offices in China, construction of a research center, and working capital. The offering is expected to close around January 3, 2025, with AC Sunshine Securities acting as underwriter.

Positive

• IPO will raise $8 million in gross proceeds
• Nasdaq Capital Market listing approval secured
• Clear allocation of funds for expansion and R&D
• 45-day option for additional 300,000 shares could increase proceeds

Negative

• Potential shareholder dilution from IPO
• Additional dilution possible if 300,000 share option is exercised

Insights

Financial Analyst

The $8 million IPO of INLIF represents a modest capital raise in the industrial automation sector. The pricing at $4.00 per share for 2 million shares suggests conservative valuation metrics for a company in the growing robotics space. The allocation of proceeds reveals a strategic focus on domestic Chinese market expansion through 24 new marketing offices and development of 5G-enabled production facilities. This indicates a clear path to scaling operations, though the relatively small raise may limit the pace of expansion. The firm commitment structure from AC Sunshine Securities provides more certainty compared to a best-efforts offering, while the 45-day overallotment option for 300,000 additional shares could provide up to $1.2 million in additional capital if exercised. The timing of the listing on Nasdaq Capital Market positions INLIF to tap into growing investor interest in automation and robotics, particularly in manufacturing-heavy markets like China.

Tech Industry Expert

INLIF's focus on injection molding machine manipulators positions them in a specialized niche within the industrial automation market. The planned investment in a 5G digital intelligent equipment production base signals a forward-thinking approach to smart manufacturing. The development of an industrial robot and automation application technology R&D center could potentially yield proprietary innovations in machine-to-machine communication and automated production systems. The company's expansion strategy aligns with China's push toward industrial upgrading and smart manufacturing initiatives. However, the relatively modest IPO size may limit their ability to compete with larger, established players in the industrial robotics space. The success of their technological development will largely depend on how efficiently they can allocate the capital across their ambitious expansion plans.

Quanzhou, China, Dec. 31, 2024 (GLOBE NEWSWIRE) -- INLIF LIMITED (the “Company” or “INLIF”), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced the pricing of its initial public offering (the “Offering”) of 2,000,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on January 2, 2025 under the ticker symbol “INLF.”

The Company expects to receive aggregate gross proceeds of US$8 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about January 3, 2025, subject to the satisfaction of customary closing conditions.

Proceeds from the Offering will be used for (i) the construction of a 5G digital intelligent equipment production base; (ii) establishing 24 local marketing and service offices within the PRC; (iii) the construction of an industrial robot and automation application technology research and development center; and (iv) working capital.

The Offering is being conducted on a firm commitment basis. AC Sunshine Securities LLC acted as underwriter for the Offering (the “Underwriter”). Hunter Taubman Fischer & Li LLC is acting as U.S. securities counsel to the Company, and iTKG Law LLC is acting as U.S. counsel to the Underwriter in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-279569) and was declared effective by the SEC on December 20, 2024. The Offering is being 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 AC Sunshine Securities LLC, Attn: 200 E. Robinson Street, Suite 295, Orlando, FL 32801, or by email at prospectus@acsunshine.com, or by calling +1(689)-867-6218. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s 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 such state or jurisdiction.

About INLIF LIMITED

Through its PRC operating entity, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. For more information, please visit the Company’s website: ir.yiwate88.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the Registration Statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

INLIF LIMITED
Investor Relations Department
Email: ir@yiwate88.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

What is the IPO price for INLF shares?

INLIF 's IPO is priced at $4.00 per ordinary share.

When will INLF begin trading on Nasdaq?

INLF shares are expected to begin trading on the Nasdaq Capital Market on January 2, 2025.

How many shares is INLF offering in its IPO?

INLIF is offering 2,000,000 ordinary shares, with an option for underwriters to purchase an additional 300,000 shares.

How will INLF use the IPO proceeds?

INLF will use proceeds for constructing a 5G production base, establishing 24 marketing offices in China, building a research center, and working capital.

What is the total expected gross proceeds from INLF's IPO?

INLF expects to receive gross proceeds of US$8 million from the IPO, before deducting underwriting discounts and expenses.

When is INLF's IPO expected to close?

The IPO is expected to close on or about January 3, 2025, subject to customary closing conditions.