ATIF Holdings Limited (NASDAQ: ZBAI), a Lake Forest-based business consulting firm specializing in IPO and M&A advisory services, has successfully closed a $2.5 million registered direct offering and concurrent private placement with an institutional investor. The transaction involved the issuance of ordinary shares and pre-funded warrants, demonstrating continued investor interest in the professional services sector.
The offering consisted of 1,580,000 ordinary shares and pre-funded warrants to purchase 887,553 shares, with each share and warrant priced at $1.00 and $0.99 respectively. The transaction also included warrants to purchase ordinary shares at an exercise price of $1.20 in a concurrent private placement.
