Here are the 424B prospectus supplements from Star Fashion Culture Holdings Limited (STFS) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow STFS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STFS filings page.
Star Fashion Culture Holdings Limited is offering 12,000,000 Class A Ordinary Shares at US$0.80 per share in a fixed-price, best-efforts offering. The aggregate offering price is US$9.6 million; proceeds before expenses to the company are US$8,976,000, and placement-agent fees are US$624,000. There is no minimum closing amount or escrow, and the company may sell fewer than all shares. Approximately 70% of proceeds is designated for developing online marketing services; the balance is for working capital and other general corporate purposes.
Immediately after the offering, Class A shares outstanding will be 13,161,276 and Class B shares outstanding will be 2,032,500. Class A shares carry one vote each, while Class B shares carry 100 votes each. Chief Financial Officer Zhang Pingting will beneficially own 2,075,000 ordinary shares through Xingji ZhangPingting Limited, representing approximately 93.94% of aggregate voting power.
Star Fashion Culture Holdings Limited is a Cayman Islands holding company that conducts its China operations through Star Fashion (Xiamen). The company describes PRC regulatory requirements and cross-border cash-transfer restrictions as risks to its operations and use of funds.