Lianhe Sowell Closes $11M Unit Offering

Lianhe Sowell International Group completed a best-efforts follow-on public offering of 7,638,889 units at $1.44 each, generating approximately $11 million in gross proceeds before fees and expenses. Each unit included one Class A ordinary share and three six-month warrants exercisable at $1.66 per share, potentially representing 22,916,667 additional shares. The company said it plans to use the proceeds for research and development, market expansion, working capital and other general corporate purposes. R.F. Lafferty & Co. served as the sole placement agent.