SHENZHEN, China, April 17, 2024 (GLOBE NEWSWIRE) -- CDT Environmental Technology Investment Holdings Limited (“CDT”), a waste treatment company that designs, develops, manufactures, sells, installs, operates and maintains sewage treatment systems and provides sewage treatment services in China, announces the pricing of its underwritten initial public offering of 1,500,000 ordinary shares at a public offering price of $4.00 per share, before underwriting discounts and commissions. The offering is being conducted on a firm commitment basis. All of the ordinary shares are being offered by CDT. The total expected gross proceeds of the initial public offering are $6,000,000, before underwriting discounts and commissions and offering expenses.
The ordinary shares have been approved for listing on The Nasdaq Capital Market and are expected to commence trading under the ticker symbol “CDTG” on April 18, 2024. The offering is expected to close on April 22, 2024, subject to customary closing conditions.
WestPark Capital, Inc. (“WestPark Capital”) is the sole book-running manager for the offering. CDT has granted the underwriters a 45-day option to purchase up to an additional 225,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.
A registration statement on Form F-1 (File No. 333-252127), as amended, including a prospectus, which is preliminary and subject to completion, relating to the offering, was filed with the U.S. Securities and Exchange Commission (the “SEC”), and was declared effective by the SEC on March 29, 2024. The offering of the ordinary shares is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained on the SEC’s website at www.sec.gov and may also be obtained from WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 300, Los Angeles, CA, 90067, or by email at jstern@wpcapital.com.
Before you invest, you should read the prospectus and other documents CDT has filed or will file with the SEC for more complete information about CDT and the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these 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 any such state or jurisdiction.
About CDT Environmental Technology Investment Holdings Limited
CDT, headquartered in Shenzhen, China, is a waste treatment company that designs, develops, manufactures, sells, installs, operates and maintains sewage treatment systems and provides sewage treatment services in China. For more information, visit CDT’s website at https://www.cdthb.cn.