HomesToLife Ltd Announces Pricing of Initial Public Offering
September 30 2024 - 5:32PM
HomesToLife Ltd. (“
HTLM” or the “
Company”) today
announced the pricing of its initial public offering of an
aggregate of 1,250,000 ordinary shares (the “
Offering”), all
of which are being offered by HTLM at a public offering price of
$4.00 per share.
In addition, the Company has granted the
underwriters a 45-day option (the “Over-Allotment Option”)
to purchase up to an additional 187,500 ordinary shares at the
initial public offering price, less underwriting discounts and
commissions. The gross proceeds to HTLM from the Offering (assuming
that the Over-Allotment Option is not exercised), before deducting
underwriting discounts and commissions and estimated offering
expenses payable by HTLM, is expected to be $5 million.
The shares are expected to begin trading on the
Nasdaq Capital Market under the ticker symbol “HTLM” on October 1,
2024. The Offering is expected to close on October 2, 2024, subject
to customary closing conditions.
US Tiger Securities, Inc. (“Tiger”) is
the sole Book-Running manager for the Offering. Loeb & Loeb LLP
is acting as U.S. legal counsel to the Company, and Hunter Taubman
Fischer & Li LLC is acting as U.S. legal counsel to Tiger.
The Offering is being conducted pursuant to the
Company’s Registration Statement on Form F-1 (File No. 333-281693)
previously filed with and subsequently declared effective by the
U.S. Securities and Exchange Commission (“SEC”) on September
30, 2024. The Offering is being made only by means of a prospectus.
Before you invest, you should read the prospectus and other
documents the Company has filed or will file with the SEC for more
information about the Company and the Offering. You may get these
documents for free by visiting EDGAR on the SEC Website at
www.sec.gov. Alternatively, electronic copies of the prospectus
relating to the Offering may be obtained from Tiger at 437 Madison
Avenue, 27th Floor, New York, New York 10022, or by telephone at +1
646-978-5188.
This press release has been prepared for
informational purposes only and shall not constitute an offer to
sell or the solicitation of an offer to buy these securities, 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 HomesToLife Ltd.
The Company’s wholly owned subsidiary and operating company,
HomesToLife Singapore, is one of the leading home furniture
retailers that offers and sells customized furniture solutions in
Singapore. As of October 2024, it has six retail store locations.
It has helped homeowners create living spaces that reflect their
individuality since 2014. Its product offerings include leather and
fabric upholstered furniture, case goods and accessories, and
offers a one-stop shop for retail customers to furnish their homes.
“HomesToLife” has a long-standing pledge to offer fair prices,
great value, consistent and reliable quality, and on-time delivery
to its customers. The Company’s
website, www.homestolife.com, offers consumers a seamless
shopping experience online and post-sales customer service
support.
FORWARD-LOOKING STATEMENTS
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company's proposed Offering. 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, including the expectation that the Offering will be
successfully completed. Investors can find many (but not all) of
these statements by the use of words such as “may,” “will,”
“expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,”
“believe,” “likely to” or other similar expressions. 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.
Contacts
HomesToLife Ltd. Contact:6 Raffles
Boulevard, #02-01/02 Marina Square, Singapore 039594Email:
investor@homestolife.com
Underwriter Inquiries:US Tiger
Securities, Inc.437 Madison Avenue, FL 27New York, NY 10022Email:
ECM@ustigersecurities.com
Investor Relations Inquiries:Skyline Corporate
Communications Group, LLCScott Powell, President1177 Avenue of the
Americas, 5th FloorNew York, New York 10036Office: (646)
893-5835Email: info@skylineccg.com
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