Becker & Poliakoff

Becker Serves as U.S. Counsel to Revere Securities LLC in Connection With IPO

Becker Serves as U.S. Counsel to Revere Securities LLC in Connection With IPO

Becker Attorneys Priscilla Bonsu, Victor J. DiGioia, and Steven L. Glauberman of the firm’s New York office represented client Revere Securities LLC in connection with CCSC Technology International Holdings Limited’s initial public offering.

Revere Securities LLC is a global broker-dealer that provides strategic and financial support to institutional investors, hedge funds, and individual investors.

CCSC Technology International Holdings Limited is a Hong Kong-based company that engages in the sale, design, and manufacturing of interconnect products, including connectors, cables, and wire harnesses.

CCSC expects to receive aggregate gross proceeds of $5.5 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 206,250 ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about January 22, 2024, subject to the satisfaction of customary closing conditions.

Proceeds from the Offering will be used primarily to upgrade CCSC’s facility and management system (including IT system) to enhance operational efficiency and increase production capacity; for marketing efforts and expanding its sales team; for research and development; strategic acquisitions and collaborations; and working capital and other general corporate purposes.

For the full press release, click here.