Raytech Holding Limited Announces Closing of $5.197 Million Public Offering of its Ordinary Shares

Rhea-AI Summary

Raytech Holding Limited (NASDAQ: RAY), a Hong Kong-based company focused on personal care electrical appliances, has successfully closed its public offering of 25,985,000 ordinary shares at $0.20 per share.

The offering, which closed on July 1, 2025, generated gross proceeds of approximately $5.197 million before deducting placement agent fees and other expenses. R.F. Lafferty & Co., Inc. served as the sole placement agent for the offering, with legal counsel provided by Loeb & Loeb LLP and Zarif Law Group P.C.

The offering was conducted pursuant to an SEC-effective registration statement on Form F-1, with the final prospectus available through R.F. Lafferty & Co., Inc.

Positive

• Raised $5.197 million in gross proceeds through public offering
• Successfully completed public offering with major institutional support from R.F. Lafferty & Co.

Negative

• Potential dilution to existing shareholders due to issuance of 25,985,000 new ordinary shares
• Low offering price of $0.20 per share may indicate weak market perception

Insights

Financial Analyst

Raytech's $5.2M public offering bolsters cash position but significantly dilutes shareholders at a low $0.20 price point.

Raytech Holding has completed a $5.197 million public offering through the issuance of 25,985,000 ordinary shares priced at $0.20 per share. This capital raise represents a significant financing event for the Hong Kong-based personal care electrical appliance designer and wholesaler, though the pricing suggests challenging market conditions.

The $0.20 per share pricing indicates either substantial financial pressure or a strategic decision to broaden the shareholder base at a lower entry point. With nearly 26 million new shares entering circulation, existing shareholders face considerable dilution, which must be weighed against the benefits of the fresh capital injection.

The gross proceeds of $5.197 million, before deducting placement agent fees and offering expenses, should strengthen Raytech's balance sheet. However, the net proceeds will be lower after accounting for R.F. Lafferty & Co.'s placement fees and legal expenses from Loeb & Loeb and Zarif Law Group.

This transaction was executed through a registered offering via Form F-1, providing transparency and regulatory oversight. For context, Raytech specializes in designing and sourcing personal care electrical appliances for international brands, and this capital injection could potentially fund expansion initiatives, R&D, or working capital needs, though specific use of proceeds wasn't detailed in the release.

The market's reception to this offering will be crucial to monitor, particularly given the dilutive effect and the modest per-share pricing, which may signal how investors view the company's current valuation and future prospects.

Hong Kong, July 01, 2025 (GLOBE NEWSWIRE) -- Raytech Holding Limited (NASDAQ: RAY) (the “Company”), a Hong Kong-headquartered company specializing in design, sourcing and wholesale of personal care electrical appliances for international brand owners, today announced the closing of its public offering (“Offering”) of 25,985,000 ordinary shares at a public offering price of $0.20 per ordinary share on July 1, 2025.

Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $5.197 million. 

R.F. Lafferty & Co., Inc. acted as sole placement agent in connection with the Offering. 

Loeb & Loeb LLP acted as counsel to the Company regarding U.S. securities law matters and Zarif Law Group P.C. acted as U.S. securities counsel for the placement agent.

The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File No. 333-287842) (the “Registration Statement”), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 30, 2025. The Offering is being made only by means of a prospectus which is a part of the Registration Statement. A preliminary prospectus relating to the Offering has been filed with the SEC. Copies of the final prospectus relating to the Offering, when available, may be obtained from R.F. Lafferty & Co., Inc., 40 Wall Street, 27^th Floor, New York, NY 10004, at +1 (212) 293-9090. 

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. 

About Raytech Holding Limited

Raytech Holding Limited is a Hong Kong-headquartered company with over 10 years of experience in the personal care electrical appliance industry. Through its operating subsidiary in Hong Kong, it sources and wholesales a diverse range of personal care electrical appliances ranging from hair styling, tooling, trimmer, eyelash curler, neck care, to nail care and other body and facial care appliances for international brand owners, providing integrated product design, production processing, and manufacturing solutions. For more information please visit: https://ir.raytech.com.hk/.

 Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These forward-looking 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 Company's annual report on Form 20-F filed with the SEC on July 30, 2024 and the Interim Report on Form 6-K for the six months ended September 30, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 10, 2025. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. 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 U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

Investor Relations
WFS Investor Relations Inc.
Janice Wang, Managing Partner
Email: services@wealthfsllc.com
Phone: +86 13811768599
+1 628 283 9214

FAQ

How much did Raytech Holding (NASDAQ: RAY) raise in its July 2025 public offering?

Raytech Holding raised $5.197 million in gross proceeds through the public offering of 25,985,000 ordinary shares at $0.20 per share.

Who was the placement agent for Raytech Holding's 2025 public offering?

R.F. Lafferty & Co., Inc. acted as the sole placement agent for the offering.

What was the price per share for Raytech Holding's (RAY) 2025 public offering?

The public offering price was $0.20 per ordinary share.

How many shares did Raytech Holding (RAY) offer in its July 2025 public offering?

Raytech Holding offered 25,985,000 ordinary shares in the public offering.

When did Raytech Holding's (NASDAQ: RAY) 2025 public offering close?

The public offering closed on July 1, 2025.