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Smart Logistics Global (Nasdaq: SLGB) closed its initial public offering on October 16, 2025, selling 1,000,000 ordinary shares at $5.00 per share for gross proceeds of $5,000,000 before fees. The Ordinary Shares began trading on the Nasdaq Capital Market under SLGB on October 15, 2025.
The company granted underwriters a 45-day overallotment option to buy up to an additional 150,000 shares at the offering price. Use of proceeds is allocated as 50% for infrastructure, 30% for working capital, and 20% for research and development. The SEC declared the Form F-1 registration effective on September 30, 2025.
Smart Logistics Global (NASDAQ:SLGB) priced its initial public offering of 1,000,000 ordinary shares at $5.00 per share for gross proceeds of $5,000,000. The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on October 15, 2025. The underwriters have a 45-day overallotment option for up to 150,000 additional shares. The Offering is expected to close on October 16, 2025, pending customary closing conditions. Planned use of proceeds: 50% infrastructure, 30% working capital, 20% research and development.
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