Star Fashion Culture Holdings prices public offering at $0.40 per share

CHINA - Star Fashion Culture Holdings Limited (NASDAQ:STFS), a content marketing solutions services provider in China with a current market capitalization of $12.88 million, announced Thursday the pricing of its best efforts public offering of 20 million Class A Ordinary Shares at $0.40 per share. The offering price represents a significant discount to the current trading price of $1.06.

The offering is expected to generate gross proceeds of $8 million before deducting placement agent fees and other expenses. The company anticipates closing the transaction on July 7, 2025, subject to customary closing conditions.

WestPark Capital, Inc. is serving as placement agent for the offering, which was made pursuant to a registration statement on Form F-1 declared effective by the Securities and Exchange Commission on July 1, 2025.

Star Fashion Culture Holdings provides services focused on marketing campaign planning and execution, offline advertising, and online precision marketing. The company assists clients in enhancing the effectiveness of their marketing activities and brand value through its various service offerings.

The company began operations in August 2015 through its operating subsidiary, Xiamen Star Fashion Culture Media Co., Ltd.

According to the press release statement, a final prospectus relating to the offering will be filed with the SEC.

In other recent news, Star Fashion Culture Holdings Ltd has announced significant developments. The company released its unaudited financial results for the six-month period ending December 31, 2024. While specific financial figures were not disclosed in the filing summary, the release provides crucial insights into the company’s financial health and operational performance. Investors are advised to review the full filing for detailed information. Additionally, Star Fashion Culture reported changes to its Board of Directors. Wei Meizhong and You Zhi have resigned from their positions for personal reasons, with no disagreements cited with the company. To fill these vacancies, Zhou Mo and Li Mengting have been appointed as independent directors. Zhou Mo will serve as chairlady of the Nominating and Corporate Governance Committee, while Li Mengting will chair the Audit Committee. These appointments are effective May 30, 2025.

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