Lucosky Brookman Represents R. F. Lafferty & Co. in ATIF Holdings Limited $2.5 Million Offering
ATIF Holdings Limited (NASDAQ: ZBAI), a Lake Forest-based business consulting firm specializing in IPO and M&A advisory services, has successfully closed a $2.5 million registered direct offering and concurrent private placement with an institutional investor. The transaction involved the issuance of ordinary shares and pre-funded warrants, demonstrating continued investor interest in the professional services sector.
The offering consisted of 1,580,000 ordinary shares and pre-funded warrants to purchase 887,553 shares, with each share and warrant priced at $1.00 and $0.99 respectively. The transaction also included warrants to purchase ordinary shares at an exercise price of $1.20 in a concurrent private placement.
The capital raised will strengthen ATIF Holdings' position in providing comprehensive consulting services, with proceeds allocated to:
- Working capital requirements
- General corporate purposes
- Enhancement of IPO advisory services
- Expansion of post-IPO compliance capabilities
The registered direct offering was conducted pursuant to an effective shelf registration statement previously filed with the SEC. The concurrent private placement securities were offered exclusively to accredited investors and have not been registered under the Securities Act of 1933, though ATIF Holdings has committed to filing registration statements covering the resale of ordinary shares issuable upon exercise of the warrants.
Lucosky Brookman LLP served as counsel to R. F. Lafferty & Co., Inc., which acted as the exclusive placement agent for the offering.