IPO - EvoAir Holdings Inc.

Form Type: S-1/A

Filing Date: 2025-05-23

Corporate Action: Ipo

Type: New

Accession Number: 000164117225012206

Filing Summary: EvoAir Holdings Inc. is conducting its initial public offering of 3,750,000 shares of common stock with an anticipated price range of $4.00 to $5.00 per share. This offering will be underwritten with a 15% over-allotment option, allowing additional shares up to 562,500 to be sold. The total proceeds before expenses are estimated at $15,956,250. The company's shares are currently quoted on the OTC Markets under the symbol 'EVOH', with a last reported price of $23.00 per share. EvoAir plans to list its common stock on the Nasdaq Capital Market under the same symbol. The offering is contingent upon the successful listing, and the nature of the investment is described as highly speculative. The document outlines the financial dynamics, including underwriting compensation and associated risks, while it’s emphasized that the offerings will comply with U.S. Securities and Exchange Commission regulations. The registration statement includes two prospectuses—one for public offering and another for resale by existing shareholders. All proceeds from the offering will fund general corporate purposes, further growth initiatives, and other expenses outlined in the use of proceeds section.