Linkage Global Inc Announces Closing of $6,000,000 Initial Public Offering

Tokyo Japan, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Linkage Global Inc (the “Company” or “Linkage”), a cross-border e-commerce integrated service company headquartered in Japan, today announced the closing of its initial public offering (the "Offering") of 1,500,000 ordinary shares (the "Ordinary Shares") at a public offering price of $4.00 per share for total gross proceeds of $6,000,000, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 225,000 Ordinary Shares at the public offering price, less underwriting discounts and commissions, to cover the over-allotment option, if any. The Ordinary Shares began trading on December 19, 2023 on the Nasdaq Capital Market under the ticker symbol "LGCB,” and the Offering closed on December 21, 2023.

The Offering was conducted on a firm commitment basis. The Company intends to use the proceeds from this Offering 1) for technology research and development; 2) to further strengthen supply chain integration; 3) to expand its manpower and talent pool; 4) to venture into the Southeast Asian market; and 5) for working capital and other general corporate purposes.

EF Hutton LLC (“EF Hutton”) acted as the sole book-running manager for the Offering. Hunter Taubman Fischer & Li LLC acted as U.S. counsel to the Company, and Ortoli Rosenstadt LLP acted as U.S. counsel to EF Hutton in connection with the Offering. 

A registration statement on Form F-1 (File No. 333-274326) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on December 18, 2023. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus related to the Offering may be obtained, when available, from EF Hutton, Attn: Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, or via email at [e-mail] or telephone at [phone]. In addition, a copy of the final prospectus can also be obtained via the SEC’s website at www.sec.gov.