Eshallgo Inc Unveils IPO Pricing Information for Expansion

Eshallgo Inc, a leading office solution provider in China, has unveiled the pricing information for its upcoming initial public offering (IPO). The Company plans to offer 1,250,000 Class A ordinary shares at a public price of $4 per share, with the goal of raising $5 million in total before deductions. The IPO is firm commitment-based and the shares will be listed on the Nasdaq Capital Market under the symbol 'EHGO' starting July 2, 2024.

The underwriters have the option to acquire an additional 187,500 shares within 45 days of the agreement. The offering is scheduled to close on July 3, 2024, pending standard closing conditions. US Tiger Securities, Inc. and Kingswood Capital Partners, LLC are the co-underwriters, with legal counsel provided by Ortoli Rosenstadt LLP and VCL Law LLP.

On July 1, 2024, the SEC declared the Company's registration statement on Form F-1 effective. Interested investors can access the final prospectus on the SEC's website or obtain electronic copies from the underwriters. It is crucial for potential investors to thoroughly review all pertinent documents before making any investment decisions.

Eshallgo Inc operates in the office supply sales, leasing, and maintenance sectors across 20 provinces in China. The Company's mission is to offer comprehensive office solutions and services, expand its market presence, and deliver optimal value to customers. For further details, please visit the Company's official website.

The announcement includes forward-looking statements related to the Company's Offering and securities listing. While the Company considers these statements reasonable, actual results may differ, and investors are encouraged to take into account all factors that could influence future outcomes. The Company is committed to updating forward-looking statements as needed and adhering to legal obligations.

For Investor Relations inquiries, individuals can reach out to Sherry Zheng at Weitian Group LLC via phone at 718-213-7386 or email at shunyu.zheng@weitian-ir.com.

Eshallgo Inc's IPO pricing details mark a significant milestone for the Company as it aims to raise funds for expansion and growth. Investors are advised to conduct thorough due diligence before participating in the offering. The Company's commitment to transparency and value creation underscores its dedication to providing top-notch office solutions in the Chinese market.