IPO - Hartford Creative Group, Inc.

Form Type: S-1

Filing Date: 2025-02-24

Corporate Action: Ipo

Type: New

Accession Number: 000149315225008008

Filing Summary: Hartford Creative Group, Inc. is registering for an initial public offering (IPO) to sell up to $10,000,000 of shares of common stock at an assumed public offering price of $4.00 per share. The company plans to apply for listing on the Nasdaq Capital Market under the symbol 'HFUS'. As a smaller reporting company, Hartford Creative Group will comply with reduced public company reporting requirements. Their operations are significantly tied to China, leading to potential legal and operational risks associated with the Chinese government's regulatory environment. The company aims to leverage marketing solutions for SMEs and reported revenues of approximately $1.4 million with a net income of about $1.1 million for the year ended July 31, 2024. The funds raised from the IPO are intended for marketing, production capacity, research and development, and general corporate purposes. Furthermore, the document outlines legal and compliance challenges related to securities offerings from PRC domestic companies due to new regulations introduced by the China Securities Regulatory Commission (CSRC). The prospectus warns of the potential inability to offer securities if regulatory approvals from the PRC are not obtained, indicating significant regulatory complexities that may affect operations and stock value.

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