mF International Limited Announces Closing of Initial Public Offering
25 April 2024 - 8:00AM
mF International Limited (the “Company” or “mF International”)
(Nasdaq: MFI), a Hong Kong-based experienced financial trading
solution provider, today announced the closing of its initial
public offering (the “Offering”) of 1,666,667 ordinary shares at a
public offering price of $4.50 per ordinary share. The ordinary
shares began trading on the Nasdaq Capital Market on April 22, 2024
under the ticker symbol “MFI.”
The Company received aggregate gross proceeds of
$7,500,001.5 from the Offering, before deducting underwriting
discounts and other related expenses. In addition, the Company has
granted the underwriter 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 was conducted on a firm commitment
basis. Joseph Stone Capital, LLC acted as the underwriter for the
Offering. Hunter Taubman Fischer & Li LLC acted as U.S.
securities counsel to the Company, and Pryor Cashman LLP acted 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 was made only by means of a prospectus, forming a part
of the registration statement. Copies of the final prospectus
relating to the Offering 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 may be obtained via the SEC's website at
www.sec.gov.
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. 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. 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. 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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