HomesToLife Sets IPO Price at $4 per Share for $1.25M Raise

HomesToLife Ltd. (HTLM) has announced the pricing of its initial public offering (IPO) for a total of 1,250,000 ordinary shares, all of which are being offered by the company at a public offering price of $4.00 per share.

Additionally, the Company has granted the underwriters a 45-day option to purchase up to an extra 187,500 ordinary shares at the IPO price, minus underwriting discounts and commissions. If the Over-Allotment Option is not exercised, the gross proceeds to HTLM from the offering are projected to be $5 million, before accounting for underwriting discounts, commissions, and estimated offering expenses.

The shares are anticipated to commence 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, pending customary closing conditions.

US Tiger Securities, Inc. is serving as the sole book-running manager for the offering. Loeb & Loeb LLP acts as U.S. legal counsel to the Company, while Hunter Taubman Fischer & Li LLC is acting as U.S. legal counsel to Tiger.

This offering is being conducted under the Company’s Registration Statement on Form F-1, which was filed with and declared effective by the U.S. Securities and Exchange Commission on September 30, 2024. The offering is being made solely by means of a prospectus, and potential investors are encouraged to read the prospectus and other relevant documents filed with the SEC for comprehensive information about the Company and the offering.

This press release serves informational purposes only and