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Lianhe Sowell Closes $11M Unit Offering
Business
— 5d
Lianhe Sowell International Group Ltd priced and closed a $11 million follow-on best-efforts offering of 7,638,889 units at $1.44 per unit, with each unit including one Class A share and three six-month warrants exercisable at $1.66, led by sole placement agent R.F. Lafferty & Co.; proceeds are earmarked for R&D, expansion and working capital, with a maximum of 22,916,667 Class A shares issuable on exercise and the close expected around Sept. 3, 2026.
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