IPO - Huachen AI Parking Management Technology Holding Co., Ltd

Form Type: 424B4

Filing Date: 2025-02-06

Corporate Action: Ipo

Type: New

Accession Number: 000121390025010702

Filing Summary: Huachen AI Parking Management Technology Holding Co., Ltd is conducting its initial public offering (IPO) of 1,500,000 ordinary shares at an initial price of $4.00 per share, having received approval from the Nasdaq Capital Market under the symbol 'HCAI'. Before this offering, there was no public market for these shares. The document outlines the corporate structure as a Cayman Islands exempted company with operations conducted through subsidiaries in the People's Republic of China (PRC). There are associated risks with this structure, notably concerning PRC regulations affecting foreign ownership and operational controls, which could affect the value of the shares. The prospectus highlights recent regulatory changes in China, including the requirement for filings with the China Securities Regulatory Commission (CSRC) for overseas offerings and listing, and outlines various risk factors including cybersecurity concerns, compliance with PRC laws, and potential impact from Chinese regulatory authorities. The offering aims to raise up to $6 million, with underwriting discounts and provisions for potential over-allotment. The underwriters will have a 45-day option to purchase additional shares under certain conditions. The funds raised from the offering will be crucial for the company’s future financial strategy and operational needs.

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Form Type: 8-A12B

Filing Date: 2025-02-04

Corporate Action: Ipo

Type: New

Accession Number: 000121390025010105

Filing Summary: Huachen AI Parking Management Technology Holding Co., Ltd has filed Form 8-A12B for the registration of its ordinary shares with a par value of $0.00000125 each. This registration pertains to the securities being listed on The Nasdaq Stock Market LLC. The ordinary shares are described in detail in the Registration Statement on Form F-1 filed originally on August 14, 2024. The company is based in the Cayman Islands, with principal executive offices located in Pinghu City, Zhejiang Province, China. No other classes of securities are being registered, and no additional exhibits are included with this filing. The registration statement was signed on February 4, 2025, by Bin Lu, Chief Executive Officer and Chairman of the Board.

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Form Type: CORRESP

Filing Date: 2025-01-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390025008796

Filing Summary: Huachen AI Parking Management Technology Holding Co., Ltd submitted a request for the acceleration of the effectiveness of its Registration Statement on Form F-1. The company requested that this statement be made effective at 4:30 p.m. Eastern Time on February 4, 2025, or as soon as practicable thereafter. This acceleration is in accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended. This action is a significant step towards the company's initial public offering (IPO). The correspondence is directed to the Division of Corporation Finance at the U.S. Securities and Exchange Commission.

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Form Type: CORRESP

Filing Date: 2025-01-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390025008798

Filing Summary: Huachen AI Parking Management Technology Holding Co., Ltd has filed a request for the acceleration of the effectiveness of its Registration Statement on Form F-1, which is aimed at facilitating an initial public offering (IPO). The request is supported by Benjamin Securities, Inc. as the underwriter representative, asking for the effective date to be set for February 4, 2025, at 4:30 p.m. Eastern Time. The letter outlines the compliance with relevant regulations for distribution of the preliminary prospectus among underwriters and dealers involved in the offering. The CEO of Benjamin Securities, William T. Baker, signed the letter confirming their commitment to comply with these regulations.

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Form Type: F-1/A

Filing Date: 2025-01-23

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025006058

Filing Summary: This document is Amendment No. 3 to the Form F-1 registration statement filed by Huachen AI Parking Management Technology Holding Co., Ltd. on January 23, 2025, for an initial public offering (IPO) of their ordinary shares. The company plans to offer 1,500,000 shares with an expected pricing range of $4.00 to $6.00 per share on the Nasdaq Capital Market under the symbol 'HCAI'. The prospectus highlights the company as an emerging growth company based in the Cayman Islands but conducting most of its operations through subsidiaries in China. It emphasizes considerable risks associated with doing business in China, including regulatory changes, cybersecurity reviews, and potential impacts of U.S. regulations, which could affect the company's ability to list on U.S. exchanges. Plans for market listing are contingent on approval from Nasdaq, and the document also points to the requirement of filing with the China Securities Regulatory Commission (CSRC) and compliance with PRC laws regarding overseas securities offerings. Overall, the registration is aimed at soliciting investors for its IPO, keeping in mind the high degree of risk and the special considerations for foreign companies operating in this climate.

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Form Type: F-1/A

Filing Date: 2024-12-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390024113570

Filing Summary: Huachen AI Parking Management Technology Holding Co., Ltd is filing an amendment to its registration statement under the Securities Act of 1933 to pursue an initial public offering of 1,500,000 ordinary shares. The expected offering price is between $4.00 and $6.00 per share, and they plan to list the shares on the Nasdaq Capital Market under the symbol 'HCAI.' The offering is contingent upon approval from Nasdaq. The document outlines the company's corporate structure as a Cayman Islands holding company with operations in China, emphasizing the risks involved for investors due to regulatory and legal frameworks applicable in China. It specifies the emerging growth company status of the registrant and discusses compliance with U.S. laws including the Holding Foreign Companies Accountable Act, detailing the potential implications of these regulations on their ability to list and maintain their public trading status. There are various risk factors associated with their business model, particularly concerning the compliance with Chinese regulations that may affect operational and financial performance. The company also advises investors regarding the peculiar structure of holding shares in a Cayman Islands entity rather than directly investing in Chinese subsidiaries. The approval from the China Securities Regulatory Commission (CSRC) has been obtained, with further requirements for filing updates if the public offering is not completed within 12 months. There are no operational transfers or dividend distributions made by the company as of the date of this prospectus and no cash dividends are expected in the near future.

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