mF International Limited (the “Company” or “mF International”), a
Hong Kong-based experienced financial trading solution provider,
today announced the pricing of its initial public offering (the
“Offering”) of 1,666,667 ordinary shares at a public offering price
of $4.5 per ordinary share. The ordinary shares have been approved
for listing on the Nasdaq Capital Market and are expected to
commence trading on April 22, 2024 under the ticker symbol “MFI.”
The Company expects to receive aggregate gross
proceeds of $7,500,001.5 from the Offering, before deducting
underwriting discounts and other related expenses. The Offering is
expected to close on or about April 24, 2024, subject to the
satisfaction of customary closing conditions. In addition, the
Company has granted the underwriters a 45-day option to purchase up
to an additional 250,000 ordinary shares at the public offering
price, less underwriting discounts.
Proceeds from the Offering will be used for
expanding service capacity and general working capital.
The Offering is being conducted on a firm
commitment basis. Joseph Stone Capital, LLC is acting as the
underwriter for the Offering. Hunter Taubman Fischer & Li LLC
is acting as U.S. securities counsel to the Company, and Pryor
Cashman LLP is acting as U.S. counsel to Joseph Stone Capital, LLC
in connection with the Offering.
A registration statement on Form F-1 relating to
the Offering was filed with the U.S. Securities and Exchange
Commission (the “SEC”) (File Number: 333-274158), as amended, and
was declared effective by the SEC on March 29, 2024, and a
registration statement filed pursuant to Rule 462(b) (File No.
333-278826), which increased the number of registered shares from
1,794,000 to 1,916,667, became effective upon filing with the SEC.
The Offering is being made only by means of a prospectus, forming a
part of the registration statement. Copies of the final prospectus
relating to the Offering, when available, may be obtained from
Joseph Stone Capital, LLC, 29 Broadway, #1800, New York, New York,
10006, or by email at corporatefinance@josephstonecapital.com, or
by calling 888-302-5548. In addition, copies of the final
prospectus relating to the Offering, when available, may be
obtained via the SEC's website at www.sec.gov.
Before you invest, you should read the
prospectus and other documents the Company has filed or will file
with the SEC for more information about the Company and the
Offering. 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 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 mF International
Limited
mF International Limited is a British Virgin
Islands holding company with three operating subsidiaries in Hong
Kong. The Company’s principal Hong Kong subsidiary, m-FINANCE
Limited (“mF” or m-FINANCE), is a Hong Kong-based experienced
financial trading solution provider principally engaged in the
development and provision of financial trading solutions via
internet or platform as software as a service, or SaaS. m-FINANCE
has approximately 20 years of experience providing real-time
mission critical forex, bullion/commodities trading platform
solutions, financial value-added services, mobile applications and
financial information for brokers and institutional clients in the
region. With clients located over mainland China, Hong Kong and
Southeast Asia, m-FINANCE provides customers with the mF4 Trading
Platform, Bridge and Plugins, CRM System, ECN System, Liquidity
Solutions, Cross-platform “Broker+” Solution, Social Trading Apps
and other value-added services. The Company’s goal is to increase
the market share and grow the business by expanding the customer
base and service capacity. For more information, please visit the
Company's website: https://ir.m-finance.com/.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company's proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company's current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs, including the expectation that the Offering will be
successfully completed. Investors can find many (but not all) of
these statements by the use of words such as “approximates,”
“believes,” “hopes,” “expects,” “anticipates,” “estimates,”
“projects,” “intends,” “plans,” “will,” “would,” “should,” “could,”
“may” or other similar expressions in this prospectus. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC.
For investor and media inquiries, please
contact:
mF International Limited
Investor Relations DepartmentEmail: ir@m-finance.net
Ascent Investor Relations
LLCTina XiaoPhone: +1-646-932-7242Email:
investors@ascent-ir.com
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