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HONG KONG - Raytech Holding Limited (NASDAQ:RAY), a Hong Kong-based company specializing in personal care electrical appliances, announced Tuesday it has priced its public offering of 25,985,000 ordinary shares at $0.20 per share. The company, which has demonstrated strong financial health with a current ratio of 4.27 and holds more cash than debt, according to InvestingPro data, trades at $1.17 per share.
The offering is expected to generate approximately $5.197 million in gross proceeds before deducting placement agent fees and other expenses, according to a company press release. The transaction is scheduled to close Tuesday, subject to customary closing conditions.
R.F. Lafferty & Co., Inc. is serving as the sole placement agent for the offering, with Loeb & Loeb LLP acting as U.S. securities law counsel to Raytech and Zarif Law Group P.C. representing the placement agent.
The offering follows the U.S. Securities and Exchange Commission’s declaration on June 30 that Raytech’s registration statement on Form F-1 was effective.
Raytech operates in the personal care electrical appliance industry through its Hong Kong subsidiary, providing product design, sourcing, and wholesale services for international brand owners. The company’s product range includes hair styling tools, trimmers, eyelash curlers, and other body and facial care appliances.
The securities are being offered pursuant to a registration statement that was declared effective by the SEC on June 30, 2025.
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