Jinxin Technology Holding Company, based in Shanghai, China, has successfully completed its initial public offering on the Nasdaq under the ticker symbol “NAMI.” The company raised $5 million through the offering of 1,250,000 American Depositary Shares (ADSs) at a price of $4.00 per ADS. The net proceeds will be used for product and content development, sales and marketing, recruitment, and other corporate purposes.
Craft Capital Management LLC and WestPark Capital, Inc. were the representatives in the offering, with R.F. Lafferty & Co., Inc. acting as the underwriter. The company plans to strengthen its technological capabilities through potential strategic investments and acquisitions.
Jinxin Technology Holding Company is an innovative digital content service provider in China, specializing in digital educational content for K-9 students. The company collaborates with leading textbook publishers to provide AI-generated interactive and engaging learning experiences. For more information, visit https://ir.namibox.com.
This press release contains forward-looking statements, and investors are advised to review additional factors that may affect the company’s future results in its registration statement and other filings with the SEC. Contact Jinxin Technology Holding Company’s Investor Relations Department at ir@namibox.com or Ascent Investor Relations LLC at investors@ascent-ir.com for more information.
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