Pheton Holdings Ltd Announces Initial Public Offering

Pheton Holdings Ltd (PTHL), a healthcare solution provider specializing in treatment planning systems for brachytherapy and related products, today announced its initial public offering (IPO).

Offering Details

• Shares Offered: 2,250,000 Class A ordinary shares
• Price: $4.00 per share
• Gross Proceeds: $9 million (before underwriting discounts and expenses)
• Additional Shares: Underwriters have a 45-day option to purchase 337,500 additional shares

The shares are expected to trade on the Nasdaq Capital Market under the ticker symbol PTHL starting September 5, 2024. The offering will close on September 6, 2024, pending customary closing conditions.

Underwriters

• Lead Underwriter: CATHAY SECURITIES, INC.
• Co-Underwriter: Dominari Securities LLC
• U.S. Counsel: Hunter Taubman Fischer & Li LLC
• Underwriters’ Counsel: The Crone Law Group P.C.

Regulatory Information

A registration statement on Form F-1 related to the offering was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on September 4, 2024. The offering is made only via a prospectus and a free writing prospectus.

How to Obtain Documents

Prospective investors should read the prospectus and related documents before investing. Copies of the final prospectus can be requested from CATHAY SECURITIES, INC. via:
– Email: mark.zagotti@cathaysecurities.com
– Mail: CATHAY SECURITIES, INC., 40 Wall Street, Suite 3600, New York, NY 10005
– Phone: +1 (631) 897-2208
– SEC Website: www.sec.gov

Important Notice

This press release does not constitute an offer to sell or a solicitation to buy these securities, nor shall there be any sale in any jurisdiction where it is unlawful prior to registration or qualification under the securities laws of that jurisdiction.