Jinxin Technology Holding Company, a digital content service provider in China, recently closed its initial public offering of 1,250,000 American Depositary Shares (ADSs) at $4.00 per ADS. The Company received gross proceeds of $5 million and granted underwriters the option to purchase additional ADSs. The net proceeds will be used for product development, marketing, personnel recruitment, and strategic investments.
Craft Capital Management LLC and WestPark Capital, Inc. were the representatives in the offering, with R. F. Lafferty & Co., Inc. as the underwriter. The Company, headquartered in Shanghai, provides digital content services, primarily targeting K-9 students in China with plans to expand to other age groups. Leveraging advanced technologies, the Company collaborates with textbook publishers to offer digital versions of textbooks and interactive learning experiences.
Forward-looking statements in the announcement highlight the Company’s current expectations and projections for future events. The Company encourages investors to review factors that may affect its future results. For more information, investors can contact the Jinxin Technology Holding Company Investor Relations Department or Ascent Investor Relations LLC.
The Company’s ADSs began trading on December 6, 2024, under the ticker symbol “NAMI.” Registration statements were filed with the SEC, and the Offering was made by prospectus. This press release does not constitute an offer to sell securities in the United States without registration or exemption. For more information, visit the Company’s website at https://ir.namibox.com.
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