Jin medical international ltd. announces exercise of the underwriters' over-allotment option

Changzhou city, china, april 06, 2023 (globe newswire) -- jin medical international ltd. (the "company" or “jinmed”) (nasdaq: zjyl), a cayman islands holding company with chinese operating entities that manufacture and develop wheelchairs and living aids products, today announced that prime number capital, llc, as the representative of the underwriters of the company's initial public offering ("ipo”), has partially exercised the over-allotment option to purchase an additional 47,355 ordinary shares at the ipo price of $8.00 per share. as a result, the company has raised gross proceeds of $378,840, in addition to the previously announced ipo gross proceeds of $8,000,000, before deducting underwriting discounts and offering expenses.
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