Star Fashion Culture Holdings Limited (NASDAQ: STFS) has priced a follow-on public offering of 12 million Class A ordinary shares at $0.80 per share, raising approximately $9.6 million in gross proceeds. The offering, facilitated by placement agent Kingswood Capital Partners, LLC, is subject to customary closing conditions and is expected to close by September 28, 2026. The company’s Securities and Exchange Commission registration statement (Form F-1, File No. 333-298981) became effective on September 24, 2026.
The proceeds from the offering will be allocated toward developing online marketing services, general administration, and working capital. Star Fashion Culture operates through its subsidiary, Xiamen Star Fashion Culture Media Co., Ltd., based in Xiamen, China. Founded in August 2015, the company provides content marketing solutions, including marketing campaign planning, offline advertising, and online precision marketing services.
The offering follows the company’s initial public listing, reflecting its ongoing efforts to expand its digital marketing capabilities and support operational growth.
