Star Fashion Culture Holdings Limited Announces Pricing of Approximately US$9,600,000 Million Public Offering of Class A Ordinary Shares

The planned share issuance would dilute existing holders, and fees and expenses will reduce the cash received.

Rhea-AI Summary

Star Fashion Culture Holdings (STFS) priced a best-efforts follow-on public offering expected to raise approximately $9.6 million gross. The offering covers 12,000,000 Class A ordinary shares at $0.80 each. Gross proceeds are before placement-agent fees and other offering expenses.

Closing is expected on September 28, 2026, subject to customary conditions. The company intends to use net proceeds to develop its online marketing services and for general administration and working capital. Kingswood Capital Partners is the placement agent. The SEC declared the related registration statement effective on September 24, 2026.

Positive

• Approximately $9.6 million in gross proceeds is expected from the offering.
• Net proceeds are intended in part to develop online marketing services.
• Registration statement was declared effective by the SEC on September 24, 2026.

Negative

• 12,000,000 new Class A ordinary shares at $0.80 each would dilute existing holders.
• Placement-agent fees and other offering expenses will reduce net proceeds.

News Explained

The 12 million-share offering is priced, with closing expected September 28, 2026 subject to conditions; if issued, the shares increase total share count and reduce existing holders’ percentage ownership, absent offsetting changes.

Argus Sep 25 session 9 alerts

+7.74% close to close 0.7x rel. volume Open Argus

Details

Market move: STFS +7.74% in the Sep 25 session. Class A public offering

+35.7% Peak Tracked

-41.4% Trough Tracked

$4.54M Mkt Cap at Peak Alert

On Sep 25, the day this news came out, STFS closed 7.74% above the previous close. Argus tracked a peak move of +35.7% during that session. Argus tracked a trough of -41.4% from its starting point during tracking. Our momentum scanner recorded 9 alerts for this stock that day.

Data tracked by StockTitan Argus for the Sep 25 session.

Key Figures

Shares offered: 12,000,000 Class A ordinary shares Offering price: $0.80 per share Expected gross proceeds: Approximately $9,600,000 +2 more

Shares offered

12,000,000 Class A ordinary shares

Best-efforts follow-on public offering

Offering price

$0.80 per share

Public offering price

Expected gross proceeds

Approximately $9,600,000

Before placement agent fees and other offering expenses

Expected closing

September 28, 2026

Subject to customary closing conditions

Registration statement effective

September 24, 2026

Form F-1 registration statement

Previous Offering Reports

1 past event · Latest: Jul 03

Same Type 1 event

1. Jul 03

   Public offering

   24h Move

   +6.6%

   Priced 20,000,000 shares at $0.40 for $8 million in gross proceeds

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

best-efforts, placement agent, registration statement, prospectus

4 terms

best-efforts financial

"pricing of its best-efforts follow-on public offering"

A "best-efforts" agreement is a commitment by a broker or underwriter to try hard to sell a batch of securities without guaranteeing they will all be sold. Think of it like a real-estate agent who markets your house and works to find buyers: the agent must put in strong effort but won’t promise a sale — that matters to investors because it increases the chance some offerings remain unsold, which can affect the issuer’s financing and the security’s market supply and pricing.

placement agent financial

"Kingswood Capital Partners, LLC is acting as the placement agent"

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

registration statement regulatory

"being offered pursuant to a registration statement on Form F-1"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"made only by means of a prospectus which is a part"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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XIAMEN, Sept. 25, 2026 (GLOBE NEWSWIRE) -- STAR FASHION CULTURE HOLDINGS LIMITED (NASDAQ: STFS) (the “Company” or “STFS”) today announced the pricing of its best-efforts follow-on public offering on September 25, 2026 of 12,000,000 Class A ordinary shares at a public offering price of $0.80 per Class A ordinary share (the “Offering”).

Kingswood Capital Partners, LLC is acting as the placement agent (the “Placement Agent”) in connection with this Offering.

Gross proceeds, before deducting Placement Agent fees and other offering expenses, are expected to be approximately $9,600,000. The Offering is expected to close on September 28, 2026, subject to customary closing conditions. The Company intends to use the net proceeds of this offering for developing its online marketing services and for general administration and working capital.

The securities described above are being offered pursuant to a registration statement on Form F-1, as amended (File No. 333-298981) (the “Registration Statement”), which was declared effective by the Securities and Exchange Commission (the “SEC”) on September 24, 2026. The Offering is being made only by means of a prospectus which is a part of the Registration Statement. 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. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Electronic copies of the final prospectus may be obtained, when available, from Kingswood Capital Partners, LLC  at 7280 W Palmetto Park Rd. Suite 301, Boca Raton, FL 33433, or by email at lciervo@kingswoodus.com, or by telephone at +1-800-535-6981.

This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made 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 any such state or other jurisdiction.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. 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. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. 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. 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, which are available for review at www.sec.gov. 

About STAR FASHION CULTURE HOLDINGS LIMITED

STAR FASHION CULTURE HOLDINGS LIMITED (the “Company”) is a content marketing solutions services provider with a mission to offer high-quality diversified services. We offer services focusing on (i) marketing campaign planning and execution; (ii) offline advertising services; and (iii) online precision marketing services. We assist customers in enhancing the effectiveness of their marketing activities and the value of their brand and products through our variety of services offered. The Company first began operations in August 11, 2015 through its operating subsidiary, Xiamen Star Fashion Culture Media Co., Ltd.

For enquiry, please contact:

STAR FASHION CULTURE HOLDINGS LIMITED

12F, No.611, Sishui Road

Huli District,

Xiamen

People’s Republic of China

Tel: +86 13063138565

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is Star Fashion Culture Holdings (STFS) seeking to raise in its share offering?

The offering is expected to generate approximately $9.6 million in gross proceeds from 12,000,000 Class A ordinary shares priced at $0.80 each. That amount is before placement-agent fees and other offering expenses.

When is Star Fashion Culture Holdings (STFS) expected to close its share offering?

The offering is expected to close on September 28, 2026, subject to customary closing conditions.