Oriental rise holding limited announces full exercise of underwriter's over-allotment option

Ningde, china, oct. 23, 2024 (globe newswire) -- oriental rise holding limited (“oriental rise” or the "company") (nasdaqcm: oris), an integrated supplier of tea products in mainland china, today announced us tiger securities, inc. (“us tiger”), who acted as the underwriter and sole book-runner of the company's underwritten initial public offering ("ipo"), has exercised the full over-allotment option and purchased an additional 262,500 ordinary shares of the company at the ipo price of $4.00 per share. as a result, the company has raised $8.05 million in gross proceeds, before underwriting discounts and other related expenses, through the issuance of a total of 2,012,500 ordinary shares in the ipo.
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