Net proceeds from the Offering will be used for (i) research and development, including development of the Company’s SaaS standard product and further investment in the Company’s cloud services, (ii) investment in the Company’s sales and marketing, including expanding distribution channels for existing and future market, and (iii) general corporate purposes, which may include capital expenditures, potential strategic investments and acquisitions.Aegis Capital Corp.is acting as the sole book-running manager for the Offering.Kaufman & Canoles P.C.is acting as the U.S.counsel to the Company, and Olshan Frome Wolosky LLP is acting as the U.S.counsel to Aegis Capital Corp.
Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation the Company’s expectations regarding the completion, timing and size of the proposed Offering and statements regarding the Company’s product development and business prospects and the use of proceeds from the sale of the Company’s shares in the Offering, and can be identified by the use of words such as "may,” "will,” "expect,” "project,” "estimate,” "anticipate,” "plan,” "believe,” "potential,” "should,” "continue” or the negative versions of those words or other comparable words.
Guangzhou, China, Dec.19, 2024 (GLOBE NEWSWIRE) -- Youxin Technology Ltd (the "Company” or "Youxin Technology”), a software as a service ("SaaS”) and platform as a service ("PaaS”) provider committed to helping retail enterprises digitally transform their businesses, today announced the pricing of its initial public offering (the "Offering”) of 2,300,000 Class A ordinary shares at a public offering price of US$4.50 per Class A ordinary share.
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