News Details
Brookshire, TX, November 13, 2023 — Inno Holdings Inc. (“Inno” or the “Company”), an innovative building-technology company with a mission to transform the construction industry with our proprietary cold-formed steel-framing technology and other building innovations, today announced that the Securities and Exchange Commission (“SEC”) has declared the Company’s registration statement on Form S-1 (File No. 333- 273429 ) effective as of November 9, 2023. Such declaration does not imply that the SEC has approved or opined on the merits of the offering.
Inno’s President and CEO, Dekui Liu, stated, “Achieving this milestone in our financial strategy by registering shares from our early investors and warrant holders is a significant step for us. This move will considerably expand our public float, allowing for increased trading volume and offering more investment opportunities in our groundbreaking building technologies. We are committed to using our successful entry into the public markets as a platform to demonstrate our potential for continued growth and our critical role in innovating the cold-formed steel framing industry. As we innovate in construction technology, we remain focused on providing maximum access and liquidity to our investors."
The registration statement relates to the issuance of up to 2,5000,000 Class A common shares expects to be priced at $4 per share, for total gross proceeds of $10,000,000, before deducting underwriting discounts and other offering expenses (the “Offering”). A registration statement on Form S-1 (File No. 333- 273429) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on November 9, 2023. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, when available, from AC Sunshine Securities LLC by email at info@acsunshine.com or via standard mail to AC Sunshine Securities LLC, 8761 The Esplanade, Suite 30 Orlando, FL 32836. In addition, a copy of the final prospectus, when available, can also be obtained via the SEC's website at www.sec.gov or accesses directly via the following link: https://www.sec.gov/edgar/browse/?CIK=1961847&owner=exclude
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Past performance is not indicative of future results.
About Inno Holdings
Inno is an innovative building-technology company with a mission to transform the construction industry with our proprietary cold-formed steel-framing technology and other innovations. We are a manufacturer of cold-formed-steel members and prefabricated homes. We offer a full range of services required to transform raw materials into precise steel framing products and prefabricated homes. We sell these finished products either to businesses or directly to customers. The finished products and cold-formed-steel members are used in a variety of building types, including residential, commercial, industrial and infrastructure. We hope to transform the construction industry by having our proprietary cold-formed steel-framing technology replace wooden and traditional steel structures.
Founded in 2019, Inno Holdings is headquartered in Brookshire, TX., and has offices in Diamond Bar, California. To learn more, visit Inno Holdings’s website or follow us on Twitter, Facebook, LinkedIn and Instagram.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Contacts
Investor and Media Contacts
Investor inquiries:
Solomon Li, CFO
ir@innoholdings.com
INNO HOLDINGS Announces Effectiveness of Form S-1 Registration Statement
November 13, 2023 9:00 AM CDT