IPO - XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Form Type: F-1/A
Filing Date: 2025-06-10
Corporate Action: Ipo
Type: New
Accession Number: 000121390025052817
Filing Summary: This document is an amendment to the registration statement filed by Xinxu Copper Industry Technology Limited with the SEC on June 10, 2025, concerning its initial public offering (IPO) of ordinary shares. The company is offering an unspecified number of ordinary shares with an expected total public offering price of approximately $15,000,000. Xinxu is a Cayman Islands exempted company conducting operations primarily through subsidiaries in the People's Republic of China (PRC). The registration statement includes two prospectuses: a Public Offering Prospectus for the initial IPO and a Resale Prospectus for selling shareholders. The company plans to list its shares on the Nasdaq under the symbol 'XXC.' The prospectuses highlight the risks associated with being a holding company for operations primarily in China and emphasize potential regulatory challenges due to PRC laws affecting overseas listings. Key points include the completion of filing procedures with the China Securities Regulatory Commission (CSRC) and the overall structure and financial dependencies of Xinxu on its PRC subsidiaries. The offering is contingent on successful completion of CSRC filing requirements, and the company warns of potential operational impacts due to changes in PRC regulations.
Additional details:
Approximate Date Of Commencement Of Proposed Sale: As soon as practicable after this registration statement becomes effective.
Public Offering Price: $15,000,000
Ordinary Share Par Value: HK$0.10
Listing Market: NASDAQ
Listing Symbol: XXC
Beneficial Ownership Ceo: 98%
Controlled Company Status: Yes
Emerging Growth Company: Yes
Csrc Filing Submission Date: March 2024
Csrc Filing Completion Notice Date: February 24, 2025
Risk Factor Summary: Regulatory changes in China and the U.S. may impact the ability to continue operations and the value of securities offered.
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