Haoxi Health Technology Completes $12 Million Public Offering

BEIJING, Sept. 20, 2024 — Haoxi Health Technology Limited ("HAO" or the "Company") has officially closed its $12 million follow-on public offering, according to a recent announcement. This offering comprised the sale of 4,000,000 units. Headquartered in Beijing, China, HAO specializes in providing innovative online marketing solutions.

Underwritten Follow-on Offering

HAO's recent follow-on offering was fully underwritten, indicating strong backing from financial institutions. By offering additional shares to the public, the company has succeeded in raising significant capital to possibly drive further growth and development. This move reflects HAO's ongoing efforts to enhance its market position and capitalize on emerging opportunities within the online marketing sector.

Strategic Growth Objectives

The successful completion of this offering is a testament to the company's strategic initiatives and its commitment to expanding its business. Capital raised from the offering is earmarked for a variety of developmental purposes which may include investments in technology, expansion of services, and potential strategic partnerships or acquisitions. With a primary focus on online marketing, HAO continues to explore new avenues for growth that align with the evolving digital landscape.

Fiscal Impact and Future Expectations

The follow-on offering's closure marks a pivotal moment in the fiscal journey of HAO. Observers and investors are closely monitoring the company's use of the raised funds, anticipating a positive impact on its financial health and growth trajectory. HAO's management has expressed confidence in the future prospects of their operations, backed by the influx of fresh capital and the support of their underwriters.

Beijing, Offering, Technology