IPO - Helport AI Ltd

Form Type: F-1

Filing Date: 2024-12-23

Corporate Action: Ipo

Type: New

Accession Number: 000121390024111383

Filing Summary: Helport AI Ltd filed a registration statement on Form F-1 on December 20, 2024, with the U.S. Securities and Exchange Commission. The filing pertains to the proposed public offering of up to 18,845,000 ordinary shares, which are issuable upon the exercise of warrants at an exercise price of $11.50 per share. Additionally, selling shareholders plan to offer up to 974,097 ordinary shares. The document outlines the terms related to these securities, including potential market volatility due to the sale of shares by existing shareholders. The business combination, which was completed on August 2, 2024, forms a crucial part of this offering as it involves the merger of several entities, including Helport Limited and Tristar Acquisition I Corp. The registration is deemed necessary to facilitate the selling shareholders in their transactions. The prospectus warns investors of the risks involved in investing in these securities, particularly in connection with market conditions, compliance with regulations, and the company's growth expectations.

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