Decent Holding prices 1.25M shares at $4.00 in initial public offering

Decent Holding (DXST) announced the pricing of its initial public offering of 1,250,000 ordinary shares at a public offering price of $4.00 per share. The Company expects to receive aggregate gross proceeds of $5M, before deducting underwriting discounts and other offering expenses. The Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on January 22, 2025, under the ticker symbol “DXST”. The Offering is expected to close on January 23, 2025, subject to the satisfaction of customary closing conditions. In addition, the Company has granted the underwriters an option, within 45 days from the closing date of the Offering, to purchase up to an additional 187,500 Ordinary Shares at the public offering price, less underwriting discounts, to cover the Over-Allotment Option, if any. The net proceeds from the Offering will be used for business expansion; research and development; promoting the river water quality management service and expanding the treatment scope of river water; development and upgrade of wastewater treatment technology; and recruiting talents in research and development and management. The Offering is being conducted on a firm commitment basis. Craft Capital Management and D. Boral Capital are acting as underwriters for the Offering. Ortoli Rosenstadt is acting as U.S. securities counsel to the Company, and The Crone Law Group, P.C. is acting as U.S. securities counsel to the Underwriters, in connection with the Offering.