STOCK TITAN

Lianhe Sowell closes $11M units-and-warrants sale

LHSW raises about $11 million in a best-efforts unit offering with short-term warrants and a 90-day lock-up for officers and directors.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Lianhe Sowell International Group Ltd (LHSW) completed a best-efforts follow-on public offering of 7,638,889 Units, each consisting of one Class A Ordinary Share and three Warrants, at $1.44 per Unit, for aggregate gross proceeds of approximately $11 million, excluding any warrant exercises. Each Warrant has an exercise price of $1.66 per Class A Ordinary Share, is exercisable immediately, and expires six months after issuance, with up to 22,916,667 Class A Ordinary Shares issuable upon full exercise. R. F. Lafferty & Co., Inc. acted as sole placement agent, earning a 7.0% cash fee and a 1.0% non-accountable expense allowance on gross proceeds, plus up to $100,000 in reimbursed expenses. Officers and directors agreed to a 90-day lock-up from closing, restricting sales or transfers of Class A Ordinary Shares and related securities. The company plans to allocate 40% of net proceeds to research and development and market expansion and 60% to general working capital and other corporate purposes.

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Filing Explained

The September 3 closing issued 7,638,889 Class A shares and the warrants separately; exercising the warrants could add up to 22,916,667 shares, increasing the share count and reducing existing holders’ percentage ownership absent offsetting changes.

Units offered 7,638,889 Units Best-efforts follow-on public offering closed September 3, 2026
Unit offering price $1.44 per Unit Public offering price for each Unit
Gross proceeds $11,000,000.16 Aggregate gross proceeds before fees and expenses, excluding warrant exercise
Warrants per Unit 3 Warrants Each Unit includes three Warrants to purchase Class A Ordinary Shares
Warrant exercise price $1.66 per share Exercise price for each Warrant for one Class A Ordinary Share
Maximum shares issuable on warrant exercise 22,916,667 shares Total Class A Ordinary Shares underlying all Warrants issued
Placement agent cash fee 7.0% of gross proceeds Cash commission payable to R. F. Lafferty & Co., Inc.
Non-accountable expense allowance 1.0% of gross proceeds Additional allowance payable to the placement agent at closing
best-efforts basis financial
"closed its previously announced follow-on public offering on a best-efforts basis"
An agreement made on a best-efforts basis means a party promises to try to achieve a result but does not guarantee it. In finance, it often appears in underwriting, placement, or sales arrangements where the seller or intermediary will work to sell securities or complete a transaction using reasonable effort but won’t be liable if full execution fails. Investors care because it affects how certain a deal’s completion and the flow of shares or capital are.
follow-on public offering financial
"announced that it closed its previously announced follow-on public offering"
An offering of new shares by a company that has already gone public, sold to investors to raise additional cash. Like a bakery cutting a larger cake to serve more customers, it increases the number of shares available which can lower each existing share’s claim on profits and ownership; investors watch these offerings because they can dilute current holdings, signal fundraising needs or growth plans, and often affect the stock price in the short term.
Warrants financial
"three warrants, each to purchase one Class A Ordinary Share (each, a “Warrant”)"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
placement agent financial
"R. F. Lafferty & Co., Inc. is acting as the sole 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.
lock-up agreement financial
"each of Company’s officers, and directors ... shall deliver ... a lock-up agreement"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
Offering Type secondary
Use of Proceeds 40% of net proceeds to research and development and market expansion; 60% to general working capital and other general corporate purposes.

FAQ

What did LHSW announce in this Form 6-K regarding its offering?

Lianhe Sowell International Group Ltd closed a follow-on best-efforts public offering of 7,638,889 Units at $1.44 per Unit, raising approximately $11 million in gross proceeds, excluding any proceeds from warrant exercises.

How many shares and warrants were included in the LHSW (LHSW) Units and at what prices?

Each Unit includes one Class A Ordinary Share and three Warrants. The Unit price was $1.44. Each Warrant allows purchase of one Class A Ordinary Share at an exercise price of $1.66 and has a six-month term.

What is the maximum number of additional LHSW shares issuable from the warrants?

The Warrants issued in the offering are exercisable for up to 22,916,667 Class A Ordinary Shares in total, at an exercise price of $1.66 per share, over a term of six months from the date of issuance.

How will LHSW use the net proceeds from the $11 million offering?

Lianhe Sowell intends to use 40% of net proceeds to fund research and development for new products and related market expansion and 60% for general working capital and other general corporate purposes.

What fees and compensation will the placement agent receive in the LHSW offering?

R. F. Lafferty & Co., Inc. will receive a 7.0% cash fee on gross proceeds, a 1.0% non-accountable expense allowance, and reimbursement of legal and other out-of-pocket expenses of up to $100,000 at closing.

What lock-up restrictions apply to LHSW officers and directors after this offering?

Officers and directors agreed to a 90-day lock-up from the closing date, during which they generally may not sell, pledge, or transfer Class A Ordinary Shares or related convertible or exercisable securities without the placement agent’s prior consent.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number 001-42579

 

Lianhe Sowell International Group Ltd

(Translation of registrant’s name into English)

 

RM1502, Sannuo Smart Building,

No. 3388 Binhai Ave, Binhai Community,

Nanshan District, Shenzhen, China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

 

Best Efforts Offering

 

On September 3, 2026, Lianhe Sowell International Group Ltd (the “Company”) priced a best effort public offering for the sale of units as described below for aggregate gross proceeds to the Company of approximately $11 million, before deducting placement agent fees and other estimated expenses payable by the Company, excluding the exercise of any warrant offered. The offering is comprised of 7,638,889 units (each a “Unit”), consisting of one Class A ordinary share of the Company, par value $0.0016 per share (the “Class A Ordinary Shares”) and three warrants, each to purchase one Class A Ordinary Share (each a “Warrant”). The public offering price of the Units is $1.44 per Unit. Each of the Warrants will have an exercise price of $1.66 per Class A Ordinary Share and will be exercisable beginning on the date of the issuance and expire six months from the date of issuance.

 

The securities in the offering were being offered pursuant to a securities purchase agreement with certain investors (the “Securities Purchase Agreement”) and the Company’s registration statement on Form F-1 (File No. 333- 298425), as amended, which was initially filed with the Securities and Exchange Commission (the “SEC”) on August 19, 2026 and declared effective by the SEC on August 31, 2026.

 

On September 1, 2026, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with R. F. Lafferty & Co., Inc. (the “Placement Agent”), pursuant to which the Placement Agent acted as sole placement agent for the offering and would receive at the closing of the offering a cash fee equal to seven percent (7.0%) of the gross proceeds in the offering, a non-accountable expenses allowance of one percent (1.0%) of the gross proceeds of the offering and reimbursement for legal fees and other out-of-pocket fees, costs and expenses in the amount of up to $100,000.

 

Pursuant to the Securities Purchase Agreement and the Placement Agency Agreement, each of Company’s officers, and directors of the Company’s share capital shall deliver to the Placement Agent an executed lock-up agreement. Under these agreements, these parties have agreed, subject to specified exceptions, not to offer, pledge, sell, contract to sell, grant, lend or otherwise transfer or dispose of any Class A Ordinary Shares or any securities convertible into or exercisable or exchangeable for Class A Ordinary Shares, or enter into any swap or other arrangement that transfers to another, in whole or in part, the economic consequences of ownership of such securities, during the period commencing on the date the Securities Purchase Agreement was signed and ending 90 days after the closing date, without the prior consent of the Placement Agent.

 

The offering was closed on September 3, 2026. The Company intends to use 40% of the net proceeds from the offering to fund the research and development for new products and relevant market expansion and 60% for the general working capital purposes and other general corporate purposes.

 

The foregoing summaries of the terms of each agreement mentioned above are subject to, and qualified in their entirety by, such documents.

 

This report does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification.

 

Exhibit Number   Description
4.1   Form of Warrant
10.1   Form of Security Purchase Agreement
10.2   Placement Agency Agreement, dated September 1, 2026
99.1   Press Release

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Lianhe Sowell International Group Ltd.
   
Date: September 4, 2026 By: /s/ Yue Zhu
    Yue Zhu
    Chief Executive Officer

 

2

Exhibit 99.1

 

Lianhe Sowell International Group Ltd. Announces Closing of an $11 Million Best-efforts Follow-on Public Offering

 

SHENZHEN, CHINA, September 3, 2026 -- Lianhe Sowell International Group Ltd. (Nasdaq: LHSW) (the “Company”, or “Lianhe Sowell”), a provider of industrial machine vision products and solutions in China, today announced that it closed its previously announced follow-on public offering on a best-efforts basis (the “Offering”) of 7,638,889 units (each a “Unit,” and collectively, the “Units”) at an offering price of $1.44 per Unit (the “Public Offering Price”) for total gross proceeds of $11,000,000.16, before deducting placement agent commission and other offering expenses , excluding the exercise of any warrants offered.

 

Each Unit consists of (i) one Class A Ordinary Share, par value $0.0016 per share (the “Class A Ordinary Share”), (ii) three warrants, each to purchase one Class A Ordinary Share (each, a “Warrant”). The Warrants will have a term of 6 months from the issuance date of the Offering. The Warrants have an exercise price of $1.66 per Class A Ordinary Share. The maximum number of Class A Ordinary Shares issuable upon exercise of the Warrants will be 22,916,667 shares. The Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. The Class A Ordinary Shares and Warrants are immediately separable and issued separately in the Offering.

 

R. F. Lafferty & Co., Inc. is acting as the sole placement agent for the Offering. Robinson & Cole LLP is acting as U.S. counsel to the Company, and Sichenzia Ross Ference Carmel LLP is acting as U.S. counsel to R. F. Lafferty & Co. Inc., in connection with the Offering.

 

The Company intends to use the proceeds from this Offering for 1) funding the research and development for new products and relevant market expansion; and 2) general corporate purposes and working capital.

 

“We are pleased to close this offering and appreciate the continued support and market recognition as we execute our business plan” said Mr. Yue Zhu, CEO of the Company. “The proceeds provided by this offering will help facilitate our continued business expansion and technologies investment in automated service robotics industry.”

 

The registration statement on Form F-1 (File No. 333-298425) relating to the Offering, as amended, was filed with the U.S. Securities and Exchange Commission (the “SEC”), and was declared effective by the SEC on August 31, 2026. The Offering was made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, from R.F. Lafferty & Co., Inc., 40 Wall Street, Suite 3602, New York, NY 10004, at +1 (212) 293-9090, or via email at offerings@rflafferty.com. In addition, a copy of the final prospectus can also be obtained via the SEC’s website at www.sec.gov.

 

 

 

 

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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities 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 jurisdiction.

 

About Lianhe Sowell International Group Ltd

 

Lianhe Sowell International Group Ltd (Nasdaq: LHSW) provides industrial vision and industrial robotics solutions. With expertise in the field of machine vision and intelligent equipment, the Company specializes in smart transportation, industrial automation, artificial intelligence, and machine vision. Committed to offering comprehensive intelligent solutions to customers worldwide, the Company continuously advances the intelligent transformation of various industries through technological innovation. For more information, please visit: ir.cnsoftwell.com.

 

Forward-Looking Statement

 

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,” “plan” 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 the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other risk factors discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

For more information, please contact:

 

Lianhe Sowell International Group Ltd
Email: ir@cnsoftweIl.com

 


WFS Investor Relations Inc.
Email: services@wfsir.com 
Phone: +1 628 283 9214

 

 

 

 

 

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