{"id":2887,"date":"2023-10-13T12:00:34","date_gmt":"2023-10-13T04:00:34","guid":{"rendered":"https:\/\/atpc.com.my\/staging\/?p=2887"},"modified":"2024-07-18T12:37:58","modified_gmt":"2024-07-18T04:37:58","slug":"accesswire-agape-atp-corporation-announces-closing-of-6-6-million-public-offering-and-uplisting-to-nasdaq","status":"publish","type":"post","link":"https:\/\/atpc.com.my\/staging\/accesswire-agape-atp-corporation-announces-closing-of-6-6-million-public-offering-and-uplisting-to-nasdaq\/","title":{"rendered":"[ACCESSWIRE] AGAPE ATP CORPORATION Announces Closing of $6.6 Million Public Offering and Uplisting to Nasdaq"},"content":{"rendered":"

KUALA LUMPUR, MALAYSIA \/ ACCESSWIRE \/ October 13, 2023 \/ AGAPE ATP CORPORATION –\u00a0<\/strong>AGAPE ATP CORPORATION (NASDAQ: ATPC) (\u201cAGAPE ATP\u201d or the \u201cCompany\u201d), an international health and wellness service company, today announced the closing of its previously announced underwritten public offering (\u201cOffering\u201d) of 1,650,000 shares of common stock, at a public offering price of $4 per share. The ordinary shares began trading on the Nasdaq Capital Market on October 11, 2023 under the ticker symbol \u201cATPC.\u201d<\/p>\n

The Company received aggregate gross proceeds of US$6.6 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 247,500 ordinary shares at the public offering price, less underwriting discounts.<\/p>\n

Proceeds from the Offering will be used for research and development (\u201cR&D\u201d) and technological development, expanding operations into other markets, future vertical and horizontal integrations, strengthening sales and marketing of the Company\u2019s products, and working capital and general corporate purposes.<\/p>\n

Network 1 Financial Securities, Inc. acted as the sole book-running manager for the Offering. Loeb & Loeb LLP acted as U.S. counsel to AGAPE ATP, and Hunter Taubman Fischer & Li LLC acted as U.S. counsel to the underwriter with respect to the Offering.<\/p>\n

The Offering was conducted pursuant to the Company’s registration statement on Form S-1, as amended (Registration No. 333-239951) that was previously filed with U.S. Securities and Exchange Commission (“SEC”), and declared effective on September 29, 2023. A final prospectus relating to the Offering was filed with the SEC and is available on the SEC’s website at http:\/\/www.sec.gov. Electronic copies of the final prospectus related to the Offering may be obtained from Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241, Red Bank, New Jersey 07701; Attention Adam Pasholk, email\u00a0ATPCIPO@netw1.com<\/a><\/span>\u00a0 or by calling +1 (800) 886-7007<\/p>\n

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company\u2019s securities, nor shall there be any offer, solicitation or sale of any of the Company\u2019s 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 such state or jurisdiction.<\/p>\n

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