AGAPE ATP CORPORATION (ATPC) today announced the pricing of its initial public offering of 1,650,000 shares of common stock, at a public offering price of $4 per sharefor a total of $6,600,000 of gross proceeds to the Company, before deducting underwriting discounts and offering expenses. The Company has granted the underwriters a 45-day option to purchase an additional 247,500 shares of common stock representing 15% of the shares sold in the Offering, solely to cover over-allotments, if any, less underwriting discounts.
The shares are expected to begin trading on the Nasdaq Capital Market on October 11, 2023, under the ticker symbol "ATPC." The Offering is expected to close on October 13, 2023, subject to customary closing conditions.
Network 1 Financial Securities, Inc. is acting as the sole book-running manager for the Offering. Loeb & Loeb LLP is acting as U.S. counsel to AGAPE ATP, and Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the underwriter with respect to the Offering.
A registration statement on Form S-1, as amended (File No. 333-239951) relating to the Offering was previously filed with the U. S. Securities and Exchange Commission ("SEC") by the Company, and subsequently declared effective by the SEC on September 29, 2023. The Offering is being made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus related to the Offering may be obtained, when available, from Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241, Red Bank, New Jersey 07701; Attention Adam Pasholk, email adampasholk@netw1.com or by calling +1 (800) 886-7007.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these 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 any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended.