Golden Heaven Group Holdings Ltd. (GDHG), an amusement park operator in China, has announced today the pricing of its initial public offering (the “Offering”) of 1,750,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The gross proceeds of the Offering are expected to be approximately US$7 million before deducting underwriting discounts, commissions and offering expenses. The ordinary shares are expected to begin trading on the Nasdaq Capital Market on April 12, 2023 under the symbol “GDHG.” The offering is expected to close on April 14, 2023, subject to satisfaction of customary closing conditions.
Net proceeds from the Offering will be used for expanding Golden Heaven’s market share by constructing new amusement parks and by acquiring or investing in businesses engaged in amusement park development; upgrading existing amusement parks, software and systems; improving internal controls; increasing brand recognition through marketing and promotional activities; working capital purposes; increasing employees’ compensation and benefit packages, and investing in job training; and emergency funds to be used when needed.
The Offering is being conducted on a firm commitment basis. Revere Securities LLC and R.F. Lafferty & Co., Inc. (the “Underwriters”) are acting as joint book-runners for the Offering. Hunter Taubman Fischer & Li LLC is acting as counsel to the Company, and The Crone Law Group P.C. is acting as 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: 333-268166) and, as amended, was declared effective by the SEC on March 30, 2023. The Offering is being made only by means of a prospectus forming a part of the registration statement. Copies of the final prospectus relating to the Offering, when available, may be obtained from Revere Securities LLC by email at contact@reveresecurities.com, by standard mail to Revere Securities LLC, 650 Fifth Avenue, 35th Floor, New York, NY 10019 USA, or by telephone at (212) 688-2238; or from R.F. Lafferty & Co., Inc. by email at info@rflafferty.com, by standard mail to R.F. Lafferty & Co., Inc., 40 Wall Street, 29th Floor, New York, NY 10005 USA, or by telephone at (212) 293-9090. In addition, a copy of the final prospectus relating to the Offering, when available, may be obtained via the SEC’s website at www.sec.gov.
Before you invest, you should read the registration statement and the preliminary prospectus contained therein and the final prospectus, when available, 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 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.