Lianhe Sowell International Group Ltd. priced a follow-on public offering of units at $1.44 each, raising approximately $11 million in gross proceeds before placement agent fees and other expenses.
The Shenzhen-based company’s offering consists of 7,638,889 units, with each unit comprising one Class A ordinary share and three warrants. The warrants carry an exercise price of $1.66 per share and expire six months from the closing date, which is expected on or about Thursday, subject to customary conditions.
Upon full exercise of the warrants, Lianhe Sowell may issue up to 22,916,667 additional Class A ordinary shares. Units will not be issued as standalone securities, and the shares and warrants will be immediately separable upon issuance.
R.F. Lafferty & Co., Inc. served as the sole placement agent for the offering. Proceeds are intended to fund research and development for new products, market expansion, general corporate purposes, and working capital.
Lianhe Sowell specializes in industrial machine vision products and solutions in China, focusing on smart transportation, industrial automation, artificial intelligence, and machine vision. The company’s registration statement on Form F-1 was declared effective by the U.S. Securities and Exchange Commission on August 31, 2026.
