WestPark Capital today announced the closing of an initial public offering (the “Offering”) of 2,000,000 shares at a public offering price of $4.00 per share for JIADE LIMITED (Nasdaq: JDZG) (the “Company” or “JDZG”). The shares began trading on the Nasdaq Capital Market on May 15, 2024 under the ticker symbol “JDZG”. The company specializes in providing one-stop comprehensive education supporting services to adult education institutions.
The Company received gross proceeds of $8,000,000 before deducting underwriting discounts and related expenses. In addition, the Company granted the underwriters a 60-day option to purchase up to an additional 300,000 shares at the public offering price, less underwriting discounts.
Proceeds from the Offering will be used primarily to expand sales and operations teams, enhance marketing efforts, acquire vocational education and training institutions authorized by the People’s Republic of China government and establish 8 to 10 examination centers. In addition, the company plans to invest in technology research and development, and utilize a portion of the proceeds for working capital and other general corporate purposes.
WestPark Capital, Inc. was the Book-Running Lead Manager for the Offering.
The registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Numbers: 333-276283), as amended, and was declared effective by the SEC on May 14, 2024. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from WestPark Capital, Inc. by email at syndicate@wpcapital.com, by standard mail to WestPark Capital, Inc., 1800 Century Park East, Suite 220, Los Angeles, CA, 90067, or by telephone at (310) 843-9300. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation, or sale of any of the Company’s 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.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark Capital provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, CMPOs, RDs, ATM, SIPOs and corporate finance advisory services. Additional information about WestPark Capital is available at www.wpcapital.com or at info@wpcapital.com.
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Contacts
Jay Stern
WestPark Capital
info@wpcapital.com
