IPO - Intelligent Living Application Group Inc.

Form Type: 424B5

Filing Date: 2025-02-25

Corporate Action: Ipo

Type: New

Accession Number: 000149315225008217

Filing Summary: This preliminary prospectus supplement pertains to Intelligent Living Application Group Inc., offering up to an unspecified number of ordinary shares. The offering is described as a public primary offering, with the potential issuance of placement agent warrants as additional compensation to Craft Capital Management LLC. As of February 24, 2025, the company's ordinary shares had a closing price of $0.83. The company's public float was reported at $8,012,700 based on 8,700,000 outstanding ordinary shares held by non-affiliates. The aggregate offering value, under General Instruction I.B.5 of Form F-3, is consented based on the market cap of ordinary shares held by non-affiliates, allowing for an offering of up to $2,670,900 in securities. The document describes the operational landscape of the company, highlighting the risks and legislative contexts that could impact its operations and securities trading, such as the regulations imposed by the Chinese government concerning overseas listings and financial transactions, as well as potential risks stemming from the Holding Foreign Companies Accountable Act. Furthermore, it clarifies that the firm's subsidiaries operate primarily in Hong Kong and China, including discussions on foreign exchange regulations and limitations on dividend distributions. Overall, the offering is presented as a mechanism for raising capital while navigating existing legal uncertainties.

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