CDT Environmental Technology Investment Holdings Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq
18 April 2024 - 10:34AM
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.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment
bank focused on emerging growth sectors such as healthcare,
software, technology, biotechnology, financial services,
manufacturing, consumer products, media and telecom industries,
among other categories. WestPark Capital provides a comprehensive
range of corporate finance services, including initial public
offerings, follow-on offerings, ATMs, Registered Direct Offerings
(RD), CMPOs. private placements, SIPOs and corporate finance
advisory services. Additional information about WestPark Capital is
available at www.wpcapital.com or by email at
info@wpcapital.com.
Forward-Looking Statements
This press release contains certain
forward-looking statements, including statements with regard to
CDT’s proposed initial public offering. Words such as “will,”
“future,” “expects,” “believes,” and “intends,” or similar
expressions, are intended to identify forward-looking statements.
Forward-looking statements are subject to inherent uncertainties in
predicting future results and conditions and no assurance can be
given that the proposed initial public offering discussed above
will be completed on the terms described. Completion of the
proposed initial public offering and the terms thereof are subject
to numerous factors, many of which are beyond the control of CDT,
including, without limitation, the failure of customary closing
conditions and the risk factors and other matters set forth in the
prospectus included in the registration statement in the form last
filed with the SEC. CDT undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be
required by law.
CDT Contact
CDT Environmental Technology Investment Holdings Limited Yunwu
Li, Chief Executive Officer and Chairman of the Board of
Directorsliyunwu@cdthb.cn86-0755-86667996