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NEW YORK - Lucas GC Limited (NASDAQ:LGCL), a $54 million market cap company currently trading at $0.68, announced Friday the pricing of its follow-on offering of 32,150,000 ordinary shares at $0.20 per share, raising gross proceeds of $6.43 million before deducting placement agent fees and offering expenses. The stock has shown strong momentum, gaining over 25% in the past week.
The offering is expected to close around June 23, 2025, subject to customary closing conditions. AC Sunshine Securities LLC is serving as the placement agent for the transaction.
Lucas GC, which describes itself as an artificial intelligence technology-driven Platform-as-a-Service company, applies its proprietary technologies to human resources and insurance industry verticals. The company reports having 19 granted U.S. and Chinese patents and over 75 registered software copyrights in AI, data analytics, and blockchain technologies.
A registration statement for the offering has been filed with and declared effective by the U.S. Securities and Exchange Commission. The company stated that copies of the final prospectus will be available on the SEC’s website.
The announcement comes as the company continues to develop its platform, which reportedly has over 780,320 agents working on it.
This article is based on information provided in a press release statement from Lucas GC Limited.
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