QINGDAO, China, Sept. 26, 2017 /PRNewswire/ -- TDH Holdings, Inc.
(NASDAQ: PETZ), a PRC-based company that specializes in the
development, manufacturing and sales of various pet food products
under multiple established brands in China, Asia
and Europe, today announced the
closing of its initial public offering (the "IPO") of 1,325,000 of
its common shares at a price to the public of $4.25 per share for total gross proceeds of
approximately $5.63 million. The
Company has granted the underwriter a 45-day option to purchase up
to 198,750 additional shares. The offering closed on September 25, 2017 and shares began trading on
September 21, 2017 on NASDAQ Capital
Market under the symbol "PETZ."
ViewTrade Securities, Inc., a global provider of brokerage,
investment banking, corporate/advisory and trading platform
services, acted as sole book-running manager for the offering.
A registration statement relating to the securities being sold
in this offering was declared effective by the Securities and
Exchange Commission on September
21, 2017. The offering has been made only by means of a
prospectus. A copy of the final prospectus related to the offering
may be obtained, when available, from ViewTrade Securities, via
email: IB@Viewtrade.com or standard mail at ViewTrade
Securities, 7280 W Palmetto Park Rd, #310, Boca Raton, FL 33433, Attn: Prospectus
Department. In addition, a copy of the final prospectus relating to
the offering may be obtained via the SEC's website at
www.sec.gov.
This press release shall 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 registration or
qualification under the securities laws of any such state or
jurisdiction.
About TDH Holdings, Inc.
Founded in April 2002, TDH
Holdings, Inc. (the "Company") (NASDAQ: PETZ), is a developer,
manufacturer and distributer of a variety of pet food products
under multiple brands that are sold in the China, Asia
and Europe. The Company has four
production facilities and offers in excess of 200 products,
including pet chews, dried pet snacks, dental health snacks, and
baked pet biscuits, as well as non-food items like dog leashes, pet
toys, etc. More information about the Company can be found at
www.tiandihui.com.
Safe Harbor Statement
This news release contains forward-looking statements, including
without limitation statements regarding the trading of TDH's shares
on NASDAQ and closing of the IPO. Without limiting the
generality of the foregoing, words such as "may," "will," "expect,"
"believe," "anticipate," "intend," "could," "estimate" or
"continue" or the negative or other variations thereof or
comparable terminology are intended to identify forward-looking
statements. In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances are forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject
to certain risks, uncertainties and assumptions that are difficult
to predict and many of which are beyond the control of the
Company. Actual results may differ from those projected in
the forward-looking statements due to risks and uncertainties that
are described more fully in the Company's registration statement on
Form F-1 that was filed with the SEC. Although the Company believes
that the assumptions underlying the forward-looking statements are
reasonable, any of the assumptions could prove inaccurate and,
therefore, there can be no assurance that the results contemplated
in forward-looking statements will be realized. In light of
the significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by TDH or any other
person that their objectives or plans will be achieved. The Company
does not undertake any obligation to revise the forward-looking
statements contained herein to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
For more information, please contact:
Tony Tian,
CFA
Weitian Group LLC
Email: tony.tian@weitian-ir.com
Phone: +1-732-910-9692
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SOURCE TDH Holdings, Inc.