LZ Technology Holdings Limited Announces Underwriters’ Full Exercise of Over-Allotment Option

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HUZHOU CITY, China, March 11, 2025 (GLOBE NEWSWIRE) -- LZ Technology Holdings Limited (NASDAQ: LZMH) ("LZ Technology” or the "Company”), an information technology and advertising company, today announced the underwriters of its initial public offering (the "Offering") have exercised their over-allotment option in full to purchase an additional 270,000 Class B ordinary shares at the public offering price of US$4.00 per share, resulting in additional gross proceeds of $1,080,000.

After giving effect to the full exercise of the over-allotment option, the total number of Class B ordinary shares sold by the Company in the public offering increased to 2,070,000 Class B ordinary shares and the gross proceeds increased to approximately US$8.28 million, before deducting underwriter discounts and other related expenses.

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.

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Article Details

Author / Journalist: LZ Technology Holdings Limited

Category: Technology

Markets: China

Topics: Nasdaq:LZMH KYG57Y3D1093

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 20:30:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 717 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26903237

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