Luda Technology Group Limited (LUD), a major manufacturer and trader of stainless steel and carbon steel flanges and fittings products with an operation history of over 20 years, announced the closing of its previously announced initial public offering of an aggregate 2,500,000 Ordinary Shares (the Offering) at a price of USD 4.00 per share (the Offering Price) to the public, for a total gross proceeds of USD 10.0M to the Company, before deducting underwriting discounts and offering expenses.
The Offering is being conducted pursuant to the Company’s registration statement on Form F-1 (File No. 333-283680), as amended, previously filed with, and subsequently declared by the U.S. Securities and Exchange Commission (SEC). The Offering is being made only by means of a prospectus, forming part of the registration statement. Copies of the final prospectus related to the Offering may be obtained, when available, from Revere Securities LLC or Pacific Century Securities, LLC. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC’s website.