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

Rhea-AI Summary

Raytech Holding Limited (NASDAQ: RAY), a Hong Kong-based company specializing in personal care electrical appliances, has announced the pricing of its public offering of 25,985,000 ordinary shares at $0.20 per share.

The offering is expected to generate gross proceeds of approximately $5.197 million before deducting placement agent fees and other expenses. The closing is anticipated on July 1, 2025, subject to customary conditions. R.F. Lafferty & Co., Inc. is serving as the sole placement agent, with Loeb & Loeb LLP and Zarif Law Group P.C. providing legal counsel.

The offering is being conducted through a registration statement on Form F-1 that was declared effective by the SEC on June 30, 2025.

Positive

• Successful pricing of public offering raising $5.197 million in gross proceeds
• Registration statement declared effective by SEC

Negative

• Potential dilution for existing shareholders due to issuance of 25,985,000 new ordinary shares
• Low share price of $0.20 may indicate market concerns or company valuation challenges

Insights

Financial Capital Markets Specialist

Raytech's $5.2M public offering at $0.20/share represents a small capital raise that provides limited runway for this personal care appliance designer.

Raytech Holding Limited has priced a $5.197 million public offering through the issuance of 25,985,000 ordinary shares at $0.20 per share. This capital raise for the Hong Kong-based personal care electrical appliance designer appears relatively modest in scale, suggesting the company may be facing constraints in attracting larger investment.

The $0.20 per share price point is particularly notable, as sub-dollar offerings often indicate smaller market capitalization companies or those facing financial pressures. With nearly 26 million new shares being issued, existing shareholders will experience meaningful dilution, though the actual impact depends on the company's outstanding share count prior to this offering.

The timing of this capital raise is interesting, with pricing occurring on June 30 and closing expected just one day later on July 1. Such rapid execution suggests possible urgency in securing these funds. R.F. Lafferty & Co. serving as the sole placement agent further indicates this is a smaller offering, as larger raises typically involve multiple underwriters to distribute risk and expand distribution capabilities.

While this funding provides Raytech with additional working capital, the relatively modest $5.2 million sum (before deducting placement fees and expenses) will likely provide only limited operational runway. For a company in the competitive personal care appliance space dealing with international brand owners, this level of funding may support specific initiatives but is unlikely to enable significant expansion or transformation of the business.

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 that it priced its public offering (“Offering”) of 25,985,000 ordinary shares at a public offering price of $0.20 per ordinary share on June 30, 2025.

Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $5.197 million. The Offering is expected to close on July 1, 2025, subject to customary closing conditions. 

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

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

The securities described above are being 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

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

Raytech Holding Limited priced its public offering at $0.20 per ordinary share.

How much money is Raytech Holding (RAY) raising in its public offering?

Raytech Holding is expected to raise approximately $5.197 million in gross proceeds before deducting placement agent fees and other offering expenses.

How many shares is Raytech Holding (RAY) offering in its public offering?

Raytech Holding is offering 25,985,000 ordinary shares in this public offering.

Who is the placement agent for Raytech Holding's (RAY) public offering?

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

When will Raytech Holding's (RAY) public offering close?

The offering is expected to close on July 1, 2025, subject to customary closing conditions.