Shenzhen, China, April 04, 2025 — Lianhe Sowell International Group Ltd (Nasdaq: LHSW) (“the Company”), a Chinese provider of machine vision products and solutions for various industries, announced today the completion of its initial public offering (“the Offering”) of 2,000,000 ordinary shares (“the Ordinary Shares”) at a public offering price of $4 per share. This resulted in gross proceeds of $8 million, prior to deductions for underwriting discounts and other offering-related expenses. The Ordinary Shares began trading on the Nasdaq Capital Market on April 3, 2025, under the ticker symbol “LHSW.” The Offering officially closed on April 4, 2025.
The underwriters have been granted an option by the Company to purchase up to 300,000 additional Ordinary Shares at the public offering price, less underwriting discounts, to cover potential over-allotments. This option is exercisable within 30 days from the Offering’s closing date.
The Company plans to allocate the net proceeds from the Offering as follows: (i) investment in the machine vision business, research and development of new products, and related market expansion; (ii) expansion of the spray painting robot business, including the initial installation of production equipment and machinery for an in-house production and assembly line dedicated to producing Nine-Axis Linkage Spray Painting Robots; and (iii) general corporate purposes and working capital.
The Offering was executed on a firm commitment basis. R.F. Lafferty & Co., Inc. served as the sole underwriter for the Offering. Robinson & Cole LLP acted as U.S. securities counsel to the Company, while Ellenoff Grossman & Schole LLP served as U.S. counsel to the Underwriter, in connection with the Offering.
A registration statement on Form F-1 (File No. 333-279303) pertaining to the Offering, as amended, was previously submitted to the U.S. Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on March 31, 2025. The Offering was conducted solely through a prospectus. Copies of the prospectus related to the Offering can be obtained from R. F. Lafferty & Co., Inc. by mail at R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, or by email at or by phone at +1 (212) 293-9090. Furthermore, a copy of the final prospectus related to the Offering, dated April 2, 2025, is accessible on the SEC’s website at .
Prior to making any investment decisions, it is essential to review the prospectus and other documents filed or to be filed with the SEC by the Company for comprehensive information regarding the Company and the Offering. This press release is intended solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. Nor shall any sale of these securities occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.
About Lianhe Sowell International Group Ltd
Lianhe Sowell International Group Ltd (Nasdaq: LHSW) delivers solutions in industrial vision and robotics. With expertise in machine vision and intelligent equipment, the Company focuses on smart transportation, industrial automation, artificial intelligence, and machine vision. The Company aims to provide comprehensive intelligent solutions to global customers, continuously driving intelligent transformation across industries through technological innovation.
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Forward-Looking Statement
This press release includes forward-looking statements regarding plans, objectives, goals, strategies, future events, or performance, as well as underlying assumptions and other statements that are not strictly historical facts. The use of terms such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate exclusively to historical matters indicates forward-looking statements. These forward-looking statements encompass, without limitation, the Company’s statements concerning the intended use of proceeds from the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations discussed in these statements. These statements are subject to risks and uncertainties, including but not limited to uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Investors are cautioned against placing undue reliance on forward-looking statements in this press release. Additional factors are detailed in the Company’s filings with the SEC, available for review at . The Company disclaims any obligation to revise these forward-looking statements publicly to reflect events or circumstances occurring after the date of this release.
For more information, please contact:
Underwriter
R. F. Lafferty & Co., Inc.
40 Wall Street, 27th Floor
New York, NY 10005
(212) 293-9090
Investor Relations
WFS Investor Relations Inc.
Janice Wang
Email:
Phone: +86 13811768599
+1 628 283 9214
