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Stock impact report

Intelligent Living Application Group Inc. Announces Pricing of $600,000 Public Offering of Ordinary Shares

Intelligent Living Application Group Inc. - Ordinary Shares (ILAG) 
Company Research Source: PR Newswire
HONG KONG, Feb. 26, 2025 /PRNewswire/ -- Intelligent Living Application Group Inc. (NASDAQ: ILAG) ("Intelligent Living" or the "Company"), a premium lockset manufacturer in Hong Kong, today announced the pricing of its "best efforts" public offering of 1,034,483 ordinary shares of the Company at a public offering price of $0.58 per share. Total gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, are expected to be approximately $600,000. The offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions.Craft Capital Management LLC is acting as sole placement agent for the offering.The Company intends to use the net proceeds from the offering for general corporate purposes, capital expenditures, working capital and general and administrative expenses. A shelf registration statement on Form F-3 (Registration No. 333-274495) relating to the public offering of the securities described Show less Read more
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