HAMBURG, Germany, Oct. 11, 2024 (GLOBE NEWSWIRE) -- XCHG Limited ("XCharge" or the "Company") (NASDAQ:XCH), a global leader in integrated EV charging solutions, today announced that the underwriter of the Company's initial public offering (the "IPO") has partially exercised its option (the "Over-Allotment Option") to purchase an additional 128,888 American Depositary Shares ("ADSs") of the Company at the initial public offering price of US$6.20 per ADS. Each ADS represents 40 Class A ordinary shares of the Company. Total gross proceeds to the Company from the offering, including funds received from the prior closing and exercise of this option are approximately $21.5 million, before deducting underwriting discounts, commissions, and other offering expenses payable by the Company.
US Tiger Securities, Inc. is acting as the sole underwriter for the offering.
A registration statement related to these offered securities has been filed with, and declared effective by, the United States Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or a solicitation of ...
