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INLIF LIMITED reports news on its industrial automation business, including the research, development, manufacturing, and sale of injection molding machine-dedicated manipulator arms. Through its operating subsidiary Ewatt Robot Equipment Co., Ltd., the company also discusses automation and testing equipment for the new energy sector, including applications along the lithium battery and energy storage value chain.
Recurring INLF updates include financial results, customer and market demand for automation equipment, R&D and product expansion, construction of its robotics digital intelligent manufacturing base, Nasdaq listing compliance, and capital-structure actions involving its Class A and Class B ordinary shares.
INLIF (Nasdaq: INLF), a manufacturer of injection molding machine-dedicated manipulator arms, has completed its initial public offering of 2,000,000 ordinary shares at US$4.00 per share, raising US$8 million in gross proceeds. The shares began trading on the Nasdaq Capital Market on January 2, 2025.
The company granted underwriters a 45-day option to purchase up to 300,000 additional shares. The net proceeds will fund: construction of a 5G digital intelligent equipment production base, establishment of 24 local marketing and service offices in China, construction of an industrial robot and automation application technology R&D center, and working capital.
AC Sunshine Securities served as the underwriter for this firm commitment offering, which was declared effective by the SEC on December 20, 2024.
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.