Shenzhen, China, Oct. 01, 2024 — ZJK Industrial Co., Ltd. (Nasdaq: ZJK) (the “Company”), a leading manufacturer of precision fasteners, structural parts, and other precision metal components for new energy vehicles and intelligent electronic devices, has successfully completed its initial public offering (the “Offering”). The Offering involved 1,250,000 ordinary shares sold at a price of US$5.00 per share to the public. The ordinary shares commenced trading on The Nasdaq Capital Market on September 30, 2024, under the ticker symbol “ZJK.”
The Company generated gross proceeds of US$6.25 million from the Offering, before deducting underwriting discounts and other associated expenses. Additionally, the Company granted the underwriters a 30-day option to purchase up to an additional 187,500 ordinary shares at the initial public offering price, less underwriting discounts and commissions.
The net proceeds from the Offering will be used to: (i) expand the Company’s manufacturing facilities, (ii) expand its sales network in North America, (iii) potentially acquire or invest in businesses related to fasteners, and (iv) support general corporate purposes and working capital, including potential strategic investments and acquisitions.
The Offering was conducted on a firm commitment basis. Cathay Securities, Inc., acting as the representative of the underwriters, Revere Securities LLC and Dominari Securities LLC, served as the underwriters (collectively, the “Underwriters”) for the Offering. Robinson & Cole LLP acted as legal counsel to the Company in the U.S., and VCL Law LLP served as legal counsel to the Underwriters in connection with the Offering.
A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-280371), as amended, and was declared effective by the SEC on September 27, 2024. The Offering was conducted solely through a prospectus, which forms part of the registration statement. Copies of the prospectus relating to the Offering can be obtained from Cathay Securities, Inc. by email at , by standard mail to Cathay Securities, Inc., 40 Wall Street, Suite 3600, New York, NY 10005, or by telephone at +1 (855) 939-3888; or from Revere Securities LLC by email at , by standard mail to Revere Securities LLC, 560 Lexington Avenue, 16th Floor, New York, NY 10022, or by telephone at +1 (212) 688-2350. Additionally, copies of the prospectus relating to the Offering can be accessed on the SEC’s website at .
This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s 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 ZJK Industrial Co., Ltd.
ZJK Industrial Co., Ltd. is a high-tech company specializing in the manufacture and sale of precision fasteners, structural components, and other precision metal parts used in a variety of industries, including intelligent electronic equipment, new energy vehicles, aerospace, energy storage systems, and liquid cooling systems for artificial intelligence supercomputers. With over twelve years of experience in the precision metal parts manufacturing industry, the Company has a professional team, a range of highly automated and precise manufacturing equipment, a stable and strong customer base, and comprehensive quality management systems. Its primary offerings include standard screws, precision screws and nuts, high-strength bolts and nuts, turning and Computer Numerical Control (CNC) machining parts, Surface Mounting Technology for miniature parts packaging; as well as technology services for research and development from a team of professional engineers. For more information, visit the Company’s website at .
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions in this announcement and the registration statement. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For more information, please contact:
ZJK Industrial Co., Ltd.
Phone: +86-0755-28341175
Email:
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: