LOS ANGELES, March 26, 2024 /PRNewswire/ -- Ispire
Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR),
a leader in the research and development, design,
commercialization, sales, marketing and distribution of branded
e-cigarettes and cannabis vaping products, today announced the
closing of a public offering of 2,050,000 shares of common stock at
a price of $6.00 per share for gross
proceeds of $12,300,000, prior to
deducting the placement agent fees and offering expenses payable by
the Company.
Roth Capital Partners acted as the lead placement agent for the
offering. TFI Securities and Futures Limited acted as
co-placement agent for the offering.
A registration statement on Form S-1 (File No. 333-276804)
relating to the offering has been filed with the United States
Securities and Exchange Commission ("SEC"), which was declared
effective on March 21, 2024. A copy
of the final prospectus relating to the offering may be obtained at
the SEC's website at www.sec.gov or from Roth Capital Partners,
LLC, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor will there be any sales 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 such state or jurisdiction.
About Ispire Technology Inc.
Ispire is engaged in the research and development, design,
commercialization, sales, marketing, and distribution of branded
e-cigarettes and cannabis vaping products. The Company's operating
subsidiaries own or license more than 200 patents received or filed
globally. Ispire's tobacco products are marketed under the Aspire
brand name and are sold worldwide (except in the U.S., People's Republic of China and Russia) primarily through its global
distribution network. The Company's cannabis products are marketed
under the Ispire brand name primarily on an original design
manufacturer (ODM) basis to other cannabis vapor companies. Ispire
sells its cannabis vaping hardware only in the U.S., and it
recently commenced its marketing activities in Canada
and Europe. For more information, visit
www.ispiretechnology.com or follow Ispire on Instagram, LinkedIn,
Facebook, Twitter and YouTube.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended ("Securities Act") as well as Section 21E of the Securities
Exchange Act of 1934, as amended, and the Private Securities
Litigation Reform Act of 1995, as amended, that are intended to be
covered by the safe harbor created by those sections.
Forward-looking statements, which are based on certain assumptions
and describe the Company's future plans, strategies and
expectations, can generally be identified by the use of
forward-looking terms such as "believe," "expect," "may," "will,"
"should," "would," "could," "seek," "intend," "plan," "goal,"
"project," "estimate," "anticipate," "strategy," "future," "likely"
or other comparable terms, although not all forward-looking
statements contain these identifying words. All statements other
than statements of historical facts included in this press release
regarding
Company's strategies, prospects, financial condition,
operations, costs, plans and objectives are forward-looking
statements. Important factors that could cause the Company's actual
results and financial condition to differ materially from those
indicated in the forward-looking statements. Such forward-looking
statements are subject to risk and uncertainties, including, but
not limited to, market conditions, the ability of the Company to
satisfy the conditions to the closing of the offering, and those
described in "Risk Factors," "Management's Discussion and Analysis
of Financial Condition and Results of Operations," "Cautionary Note
on Forward-Looking Statements" in the Registration Statement on
Form S-1, as amended, initially filed with the SEC (Reg. No.
333-276804) on February 1,
2024 and any subsequent filings which Ispire makes with the
U.S. Securities and Exchange Commission. You should not rely upon
forward-looking statements as predictions of future events. The
forward-looking statements made in the press release relate only to
events or information as of the date on which the statements are
made in the press release. We undertake no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events except as required by law. You should read
this press release with the understanding that our actual future
results may be materially different from what we expect.
Contact:
For more information, kindly contact:
Investor Relations
Sherry Zheng
718.213.7386
ir@ispiretechnology.com
Ellen Mellody
570-209-2947
EMellody@kcsa.com
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SOURCE Ispire Technology Inc.