BEIJING, Aug. 29, 2024 /PRNewswire/ — Autozi Web Generation (International) Ltd. (“Autozi” or the “Company”) (NasdaqGM: AZI), one of the crucial eminent and fast-growing lifecycle car provider suppliers in China, as of late introduced the terminating of its preliminary crowd providing (the “Offering”) of two,500,000 Elegance A habitual stocks at a crowd providing value of US$4 in keeping with Elegance A habitual proportion. The Elegance A habitual stocks started buying and selling on Nasdaq Capital Marketplace below the ticker image “AZI” on August 28, 2024.

The Corporate won combination rude proceeds of US$10 million from the Providing, sooner than deducting underwriting reductions and alternative similar bills. As well as, the Corporate has granted the underwriter of the Providing an choice, exercisable inside of 45 days from the pace of the underwriting contract, to buy as much as an backup 375,000 Elegance A habitual stocks on the crowd providing value, much less underwriting reductions and commissions. The Providing was once performed on a company loyalty foundation.

Web proceeds from the Providing can be worn for reinforcing our provide chain control features, increasing the dimensions and protection of our MBS retail outlets community, funding in era inventions, and normal company functions.

Kingswood Capital Companions, LLC acted as sole keep runner for the Providing. DLA Piper UK LLP served as U.S. suggest to the Corporate. VCL Regulation LLP served as U.S. suggest to the underwriter.

A registration remark on Mode F-1 (Record Deny. 333-281215), in relation to the Providing was once in the past filed with the U.S. Securities and Trade Fee (“SEC”) by means of the Corporate, and was once declared efficient by means of the SEC on August 27, 2024. The Providing is being made best by way of a prospectus, starting part of the registration remark. A last prospectus in relation to the Providing has been filed with the SEC and is to be had at the SEC’s web page at www.sec.gov. Digital copies of the general prospectus similar to the Providing is also got from Kingswood Capital Companions, LLC, 126 E 56th St, Suite 22S, or by means of phone at +1 732-910-9692.

This press loose shall now not represent an deal to promote or the solicitation of an deal to shop for any of the Corporate’s securities described herein, nor shall there be any sale of the Corporate’s securities in any climate or jurisdiction by which such deal, solicitation, or sale can be illegal previous to registration or qualification below the securities regulations of this sort of climate or jurisdiction.

About Autozi Web Generation (International) Ltd.

Autozi Web Generation (International) Ltd. is without doubt one of the eminent and fast-growing lifecycle car provider suppliers in China. Autozi, based in 2010, supplies high quality, inexpensive {and professional} one-stop car services and products thru on-line and offline channels national. Our industry branchs come with (i) pristine automobile gross sales, (ii) auto portions and auto equipment gross sales, and (iii) car insurance coverage similar products and services. Leveraging our on-line provide chain cloud platform, SaaS platforms, and the community of multiple-brand-service (MBS) retail outlets, we now have established an ecosystem of lifecycle car products and services by means of connecting car producers, auto portions manufactures, and insurance coverage corporations with MBS retail outlets and diverse car homeowners. For more info, talk over with the Corporate’s web page at https://www.autozi.com/en/investor.

Ahead-Having a look Statements

All statements alternative than statements of ancient reality on this announcement are forward-looking statements. Those forward-looking statements contain recognized and unknown dangers and uncertainties and are in response to tide expectancies and projections about occasion occasions and fiscal traits that the Corporate believes would possibly have an effect on its monetary status, result of operations, industry technique and fiscal wishes. Buyers can establish those forward-looking statements by means of phrases or words corresponding to “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or alternative related expressions. The Corporate undertakes deny legal responsibility to replace forward-looking statements to mirror next going on occasions or cases, or adjustments in its expectancies, except for as is also required by means of legislation. Even if the Corporate believes that the expectancies expressed in those forward-looking statements are affordable, it can’t safeguard you that such expectancies will transform right kind, and the Corporate cautions traders that untouched effects would possibly vary materially from the predicted effects and encourages traders to study alternative components that can have an effect on its occasion leads to the Corporate’s registration remark and in its alternative filings with the SEC.

For more info, please touch:

Investor Family members: 
Sherry Zheng
Weitian Staff LLC
Telephone: 718-213-7386
E-mail: [email protected] 

SOURCE Autozi Web Generation (International) Ltd.