Univest Securities, LLC Announces Closing of $25 Million Initial Public Offering of American Depository Shares for its Client Jianzhi Education Technology Group Company Limited (NASDAQ: JZ)
August 30 2022 - 5:00PM
Univest Securities, LLC (“Univest”), a member of FINRA and SIPC,
and a full-service investment bank and securities broker-dealer
firm based in New York, today announced the closing of an initial
public offering (the “Offering”) for its client Jianzhi Education
Technology Group Company Limited (“Jianzhi” or the “Company”)
(NASDAQ: JZ), a leading provider of digital educational content in
China. The Company received aggregate gross proceeds of US$25
million of 5,000,000 ADSs of its American Depository Share (“ADS”)
at a public offering price of US$5.00 per ADS from this Offering,
before deducting underwriting discounts and offering expenses. Each
ADS represents two ordinary shares of the Company. In addition, the
Company has granted the underwriters the right to purchase up to an
aggregate of 750,000 additional ADSs at the public offering price,
less underwriting discounts, within 30 days from the date of the
final prospectus to cover over-allotments, if any. The Offering
closed on August 30, 2022 and the Company’s ADSs began trading on
August 26, 2022 on the Nasdaq Global Select Market under the ticker
symbol “JZ”.
The Offering was conducted on a firm commitment
basis. Univest Securities, LLC acted as the sole book runner to the
Offering. Kirkland & Ellis International LLP served as counsel
to the Company, and Sidley Austin LLP served as counsel to Univest
Securities, LLC.
A registration statement on Form F-1 (File No.
333-257865) relating to the Offering, as amended, has been filed
with the U.S. Securities and Exchange Commission ("SEC") and was
declared effective by the SEC on August 25, 2022, U.S. Eastern
time. The Offering was made only by means of a prospectus forming a
part of the registration statement. A final prospectus relating to
the Offering, filed with the SEC on August 26, 2022, may be
obtained from Univest Securities, LLC by email at info@univest.us,
or by standard mail to Univest Securities, LLC, 75 Rockefeller
Plaza Suite 18C, New York, NY 10019. 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 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 Univest Securities,
LLC
Registered with FINRA since 1994, Univest
Securities, LLC provides a wide variety of financial services to
its institutional and retail clients globally including brokerage
and execution services, sales and trading, market making,
investment banking and advisory, wealth management. It strives to
provide clients with value-add service and focuses on building
long-term relationship with its clients. For more information,
please visit: www.univest.us.
About Jianzhi Education Technology Group
Company Limited
Headquartered in Beijing and established in
2011, Jianzhi is a leading provider of digital educational content
in China and has been committed to developing educational content
to fulfill the massive demand for high-quality, professional
development training resources in China. Jianzhi started operations
by providing educational content products and IT services to higher
education institutions. Jianzhi also provides products to
individual customers. Leveraging its strong capabilities in
developing proprietary professional development training content
and success in consolidating educational content resources within
the industry, Jianzhi has successfully built up a comprehensive,
multi-dimensional digital educational content database which offers
a wide range of professional development products. Jianzhi embed
proprietary digital education content into the self-developed
online learning platforms, which are provided to a wide range of
customers through its omni-channel sales system. Jianzhi is also
fully committed to the digitalization and informatization of the
education sector in China. For more information, please visit:
www.jianzhi-jiaoyu.com.
Forward-Looking Statements
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as "may, "will, "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
uncertainties related to market conditions and the completion of
the initial public offering on the anticipated terms or at all, and
other factors discussed in the “Risk Factors” section of the
registration statement filed with the SEC. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. Univest Securities LLC and
the Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that
arise after the date hereof.
For more information, please contact:
Univest Securities, LLC
Edric Guo
Chief Executive Officer
75 Rockefeller Plaza, Suite 18C
New York, NY 10019
Phone: (212) 343-8888
Email: info@univest.us
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