Lobo EV Technologies Ltd. Announces IPO Underwriting Agreement
Ticker: LOBO · Form: 6-K · Filed: Mar 26, 2024 · CIK: 1932072
Sentiment: neutral
Topics: ipo, underwriting-agreement, public-offering
TL;DR
Lobo EV IPO on deck! Signed underwriting deal with Kingswood for 1.38M shares on March 20.
AI Summary
On March 20, 2024, Lobo EV Technologies Ltd. entered into an underwriting agreement with Kingswood Capital Partners, LLC, acting as the representative of the underwriters. This agreement pertains to the company's initial public offering (IPO) of 1,380,000 ordinary shares.
Why It Matters
This filing indicates a significant step towards Lobo EV Technologies Ltd.'s public debut, potentially providing capital for growth and increasing market visibility.
Risk Assessment
Risk Level: medium — The company is undergoing an IPO, which inherently carries risks related to market reception, valuation, and execution.
Key Numbers
- 1,380,000 — Ordinary Shares (Number of shares to be offered in the IPO)
Key Players & Entities
- Lobo EV Technologies Ltd. (company) — Registrant
- Kingswood Capital Partners, LLC (company) — Underwriter Representative
- March 20, 2024 (date) — Date of Underwriting Agreement and IPO Announcement
- 1,380,000 (dollar_amount) — Number of ordinary shares in the IPO
FAQ
What is the par value of the ordinary shares being offered in the IPO?
The par value of the ordinary shares is $0.001 per share.
Who is acting as the representative of the underwriters for this IPO?
Kingswood, a division of Kingswood Capital Partners, LLC, is acting as the representative of the underwriters.
On what date was the underwriting agreement entered into?
The underwriting agreement was entered into on March 20, 2024.
What is the filing form type for this document?
The filing form type is a 6-K.
What is the principal executive office address of Lobo EV Technologies Ltd.?
The principal executive office is located at Gemini Mansion B 901, i Park, No. 18-17 Zhenze Rd Xinwu District, Wuxi, Jiangsu People’s Republic of China, 214111.
Filing Stats: 618 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-03-25 20:19:29
Key Financial Figures
- $0.001 — of 1,380,000 ordinary shares, par value $0.001 per share (the “Ordinary Shares&r
- $4.40 — uo;s Warrants have an exercise price of $4.40 per share. The Representative’s W
- $4.00 — 024. The Ordinary Shares were priced at $4.00 per share, and the offering was conduct
Filing Documents
- form6-k.htm (6-K) — 25KB
- ex1-1.htm (EX-1.1) — 286KB
- ex3-1.htm (EX-3.1) — 408KB
- ex4-1.htm (EX-4.1) — 126KB
- ex99-1.htm (EX-99.1) — 15KB
- ex99-2.htm (EX-99.2) — 14KB
- ex3-1_001.jpg (GRAPHIC) — 7KB
- 0001493152-24-011192.txt ( ) — 884KB
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. Lobo EV Technologies Ltd. Date: March 25, 2024 By: /s/ Huajian Xu Name: Huajian Xu Title: Chief Executive Officer 3