Lucas GC Limited announced on June 23, 2025, the closing of its 'best efforts' follow-on offering. The company sold 32,150,000 ordinary shares at a public offering price of US$0.20 per share.
This offering generated total gross proceeds of US$6,430,000 before deducting placement agent's fees and other offering expenses. AC Sunshine Securities LLC acted as the placement agent for the transaction.
The capital infusion from this offering is intended to support the company's ongoing operations and strategic initiatives. A registration statement related to the offering had been filed with, and declared effective by, the United States Securities and Exchange Commission.
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