IPO - CCSC Technology International Holdings Ltd

Form Type: F-3

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000121390025006507

Filing Summary: CCSC Technology International Holdings Ltd has filed a Form F-3 Registration Statement with the U.S. Securities and Exchange Commission on January 24, 2025. This filing includes the proposed sale of up to $100 million worth of securities which consist of Class A Ordinary Shares, debt securities, warrants, rights, and units. The filing indicates that the company may offer these securities over time, emphasizing that they are an emerging growth company under U.S. federal securities laws. The Class A Ordinary Shares are listed on the Nasdaq under the ticker symbol 'CCTG' with the most recent price reported at $1.615 per share on January 22, 2025. The registration statement is subject to further amendments and will not become effective until the SEC has cleared the prospectus. The company does not anticipate paying dividends in the foreseeable future and indicates that much of its business operations are based in mainland China, identifying various legal and regulatory risks associated with doing business there. The filing highlights the challenges presented by the Chinese government’s increasing regulatory scrutiny and potential changes in compliance requirements for foreign listings.