Junee Limited prices 2M shares at $4.00 in initial public offering

Junee Limited announced the pricing of its initial public offering of 2,000,000 ordinary shares at a price of $4.00 per share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 17, 2024 under the ticker symbol “JUNE“. The Company expects to receive aggregate gross proceeds of $8 million from the Offering, before deducting underwriting discounts and other related expenses. The Offering is expected to close on or about April 19, 2024, subject to the satisfaction of customary closing conditions. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares at the public offering price, less underwriting discounts. Proceeds from the Offering will be primarily for the following: expanding service capacity, potential strategic investment and acquisitions and general working capital. The Offering is being conducted on a firm commitment basis. Spartan Capital Securities LLC is acting as sole book runner and lead underwriter for the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. securities counsel to the Company, and FisherBroyles, LLP is acting as U.S. counsel to Spartan Securities LLC in connection with the Offering.