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Lucosky Brookman is a leader in the representation of small and micro-cap companies. The Firm has led it clients through numerous capital raise transaction and over a dozen uplisting and initial public offering transactions.  Access the latest news about Lucosky Brookman, our clients’ business transactions and industry updates here. 

Lucosky Brookman Successfully Represents EF Hutton in $11.7 Million Offering and NYSE American Listing

Lucosky Brookman congratulates its client, EF Hutton, division of Benchmark Investments, LLC, on its successful upsized $11.7 million public offering and NYSE American Listing of Graphex Group Limited (NYSE American: GRFX), global leader in mid-stream processing of specialized natural graphite used for electric vehicle (EV) lithium-ion (Li-ion) batteries. The Company closed on the upsized public offering of 4,695,653 American Depositary Shares (ADSs), each ADS representing 20 ordinary shares, par value HK$0.01 per share, of the Company, at a public offering price of $2.50 per ADS, for aggregate gross proceeds of approximately $11.7 million before deducting underwriting discounts, commissions, and other offering expenses. In addition, Graphex has granted the underwriters a 45-day option to purchase up to an additional 704,347 ADSs at the public offering price per ADS, less the underwriting discounts and commissions, to cover over-allotments, if any.

The ADSs began trading on the NYSE American Exchange on August 17, 2022, under the ticker symbol “GRFX”.

Lucosky Brookman represented EF Hutton in its capacity as sole book-running manager.