Univest Securities, LLC. Announces Trading of IPO for its Client Happiness Biotech Group Limited (NASDAQ: HAPP), Marking the...
26 October 2019 - 2:00AM
Univest Securities, LLC, a FINRA and SIPIC member full-service
investment bank and securities broker-dealer firm, today announced
the pricing and trading of the initial public offering (“IPO”) for
its client
Happiness Biotech Group Limited
(“Happiness”), marking the second Nasdaq IPO underwritten byUinvest
in 2019. On a firm commitment basis, Univest sold, on behalf of
Happiness, 2,000,000 shares of its ordinary shares at of $5.50 per
share for a total of $11,000,000 in gross proceeds before fees and
expenses. Happiness’s ordinary shares begin trading on The Nasdaq
Capital Market (“Nasdaq”) on Friday, October 25th, 2019 under the
trading symbol “HAPP”.
In addition, Happiness has granted the underwriters a 45-day
option to purchase up to 300,000 additional amount of ordinary
shares at the initial public offering price less underwriting
discounts.
Univest Securities, LLC. is acting as the lead
underwriter and the sole book runner along with Aegies Capital
Corp, WestPark Capital, Inc,Newbridge Securities Corporation, and
Zinvest Global Limited acting as co-managers. Hunter Taubman
Fischer & Li LLC acted as counsel to the Company, and Ortoli
Rosenstadt LLP acted as counsel to the underwriters in connection
with the Offering.
A registration statement on Form F-1 relating to
this U.S. offering was filed with the Securities and Exchange
Commission (“SEC”) and was declared effective by the SEC as of
October 10, 2019.The offering of these securities is being made
only by means of a prospectus, forming a part of the registration
statement. Copies of the final prospectus relating to the U.S.
offering may be obtained from Univest Securities, LLC, 375 Park
Avenue, Suite 1502, New York, NY 10152, by telephone at +1 212 343
8888 or email at info@univest.us. In addition, a copy of the
prospectus relating to the offering 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 complete 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 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 Univest Securities, LLC.
Registered with FINRA since 1994, Univest
Securities, LLC provides a wide variety of financial services to
its institutional and retail clients globally including brokerage
and execution services, sales and trading, market making,
investment banking and advisory, wealth management. It strives to
provide clients with value-add service and focuses on building
long-term relationship with its clients. For more information,
please visit: www.univest.us
About Happiness Biotech Group
Limited.
Headquartered in Nanping, China,
Happiness Biotech Group Limited is an innovative
China-based nutraceutical and dietary supplements producer focused
on the research, development, manufacturing and marketing of a
variety of products made from Chinese herbal extracts and other
ingredients. The Company’s goal is to provide high-quality products
to our consumers. Over the past 14 years, the Company has
established a product portfolio consisting of 32 SFDA registered
“Blue-Cap” SKUs of nutraceutical and dietary supplements products.
For more information, please visit:
www.fjxfl.com.
Contact:
Univest Securities, LLCEdric Guo, COOyguo@univest.us375 Park
Avenue, 1502New York, NY 10152
About Happiness Biotech Group
Limited
Xuezhu Wang, CEOsnow@fjxfl.comNo. 11, Dongjiao East Road,
Shuangxi, Shunchang, Nanping City, Fujian Province, People’s
Republic of China
Happiness Development (NASDAQ:HAPP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Happiness Development (NASDAQ:HAPP)
Historical Stock Chart
From Jul 2023 to Jul 2024