Global Internet of People, Inc. Announces Full Exercise of the Underwriter’s Over-Allotment Option
February 19 2021 - 1:01PM
Global Internet of People, Inc. (“SDH” or the “Company”) (NASDAQ:
SDH), an operator of a knowledge sharing and enterprise service
platform via mobile application and through local centers in China,
today announced that ViewTrade Securities, Inc., as representative
of the several underwriters of the Company’s firm commitment
initial public offering (“IPO”), has exercised the full
over-allotment option to purchase an additional 1,008,000 ordinary
shares at the IPO price of $4.00 per share. As a result, the
Company has raised gross proceeds of approximately $4,032,000, in
addition to the previously announced IPO gross proceeds of
approximately $26.88 million, before underwriting discounts and
commissions and offering expenses.
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, National Securities Corporation acted as Co-Underwriter.
Hunter Taubman Fischer & Li LLC is acting as U.S. securities
counsel to the Company. Ellenoff Grossman & Schole LLP is
acting as counsel to the underwriters with respect to this
offering.
Registration statements on Form F-1 (File Nos.
333-233745 and 333-252879) relating to the offering were filed with
the Securities and Exchange Commission (“SEC”), which were declared
effective by the SEC on February 5, 2021 and effective upon filing
on February 9, 2021, respectively. The offering is being made only
by means of a prospectus, forming a part of the registration
statement. Copies of the prospectus related to the offering are
available, via the SEC's website at www.sec.gov, from ViewTrade
Securities, Inc. by email at IB@viewtrade.com or via standard mail
to ViewTrade Securities, Inc. 7280 W. Palmetto Park Road, Suite
310, Boca Raton, Florida 33433.
Before you invest, you should read the final
prospectus and other documents the Company has filed or will file
with the SEC for more complete 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 Global Internet of People, Inc.
Headquartered in Beijing and Shanghai, Global
Internet of People, Inc. operates an online knowledge sharing and
enterprise service platform, both online, via a mobile application
“Shidonghui App” (the “APP”), and offline, through local offices in
Beijing, Shanghai and Hangzhou, as well as 51 local centers
operated by some of the Company’s members in 35 cities throughout
the PRC. The main services SDH offers to App users are (1)
Questions and Answers Sessions and (2) streaming of audio and video
courses and programs. The offline services SDH offers to its
members are study tours and forums. For more information about the
Company, please visit: www.sdh365.com.
For more information, please contact:
The Company:
IR Department
Email: IR@sdh365.com
Investor Relations:
Janice Wang EverGreen Consulting Inc. Email:
IR@changqingconsulting.comPhone: +1-908-510-2351 (from U.S.)+86
13811768559 (from China)
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