Pheton Holdings Ltd Closes IPO
Ticker: ITOC · Form: 6-K · Filed: Sep 9, 2024 · CIK: 1970544
| Field | Detail |
|---|---|
| Company | Pheton Holdings Ltd (ITOC) |
| Form Type | 6-K |
| Filed Date | Sep 9, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $4.00 |
| Sentiment | bullish |
Sentiment: bullish
Topics: ipo, offering, public-listing
TL;DR
Pheton Holdings Ltd IPO closed Sept 6, 2024, selling 2.25M shares.
AI Summary
Pheton Holdings Ltd announced the closing of its initial public offering (IPO) on September 6, 2024. The company successfully sold 2,250,000 Class A ordinary shares at a par value of $0.0001 per share. This offering was conducted under its Form F-1 registration statement.
Why It Matters
The successful completion of an IPO marks a significant milestone for Pheton Holdings Ltd, providing access to public capital markets and potentially increasing its visibility and valuation.
Risk Assessment
Risk Level: medium — As a newly public company, Pheton Holdings Ltd faces the inherent risks associated with market volatility, regulatory scrutiny, and the need to meet investor expectations.
Key Numbers
- 2,250,000 — Shares Sold (Number of Class A ordinary shares sold in the IPO.)
- $0.0001 — Par Value (Par value per Class A ordinary share.)
Key Players & Entities
- Pheton Holdings Ltd (company) — Registrant and issuer of shares
- September 6, 2024 (date) — Date of IPO closing
- 2,250,000 (dollar_amount) — Number of Class A ordinary shares sold
- $0.0001 (dollar_amount) — Par value per Class A ordinary share
- Form F-1 (document) — Registration statement under which IPO was conducted
FAQ
What was the total number of Class A ordinary shares offered in Pheton Holdings Ltd's IPO?
Pheton Holdings Ltd offered 2,250,000 Class A ordinary shares in its IPO.
On what date did Pheton Holdings Ltd's IPO close?
The IPO of Pheton Holdings Ltd closed on September 6, 2024.
Under which form was Pheton Holdings Ltd's IPO registration statement filed?
The IPO was conducted pursuant to Pheton Holdings Ltd's registration statement on Form F-1.
What is the par value of Pheton Holdings Ltd's Class A ordinary shares?
The par value of Pheton Holdings Ltd's Class A ordinary shares is $0.0001 per share.
Is Pheton Holdings Ltd required to file annual reports under Form 20-F or Form 40-F?
Pheton Holdings Ltd is required to file annual reports under Form 20-F.
Filing Stats: 419 words · 2 min read · ~1 pages · Grade level 12.3 · Accepted 2024-09-09 16:30:22
Key Financial Figures
- $0.0001 — ,000 Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares&r
- $4.00 — 024. The Ordinary Shares were priced at $4.00 per share, and the offering was conduct
Filing Documents
- ea0213842-6k_pheton.htm (6-K) — 19KB
- ea021384201ex99-1_pheton.htm (EX-99.1) — 10KB
- ea021384201ex99-2_pheton.htm (EX-99.2) — 14KB
- ex99-2_001.jpg (GRAPHIC) — 3KB
- 0001213900-24-076951.txt ( ) — 47KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Pheton Holdings Ltd Date: September 9, 2024 By: /s/ Jianfei Zhang Name: Jianfei Zhang Title: Chief Executive Officer and Chairman of the Board of Directors 2 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release on Pricing of the Company’s Initial Public Offering 99.2 Press Release on Closing of the Company’s Initial Public Offering 3