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LZ Technology Holdings Limited Announces Underwriters' Full Exercise of Over-Allotment Option

HUZHOU CITY, China, March 11, 2025 (GLOBE NEWSWIRE) -- LZ Technology Holdings Limited (NASDAQ:LZMH) ("LZ Technology" or the "Company"), an information technology and advertising company, today announced the underwriters of its initial public offering (the "Offering") have exercised their over-allotment option in full to purchase an additional 270,000 Class B ordinary shares at the public offering price of US$4.00 per share, resulting in additional gross proceeds of $1,080,000. After giving effect to the full exercise of the over-allotment option, the total number of Class B ordinary shares sold by the Company in the public offering increased to 2,070,000 Class B ordinary shares and the gross proceeds increased to approximately US$8.28 million, before deducting underwriter discounts and other related expenses. The option closing date was March 11, 2025. The Class B ordinary shares began trading on the Nasdaq Capital Market on February 27, 2025, under the ticker symbol "LZMH."

Benjamin Securities, Inc. and D. Boral Capital LLC acted as underwriters for the offering (the "Underwriters"). Bevilacqua PLLC acted as U.S. securities counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the Underwriters in connection with the offering.

A registration statement on Form F-1 (File No. 333-276234) relating to the offering, as amended, has been filed with the U.S. Securities and Exchange ...