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ICZOOM Announces Cancellation Of Proposed Public Offering; Cancellation Due To Current Market Pricing Not Conducive For Offering That Would Be In Best Interests Of Co Or Its Shareholders

Author: Benzinga Newsdesk | April 17, 2024 10:56am

ICZOOM Group Inc. (NASDAQ:IZM) (the "Company" or "ICZOOM"), announced today that it voluntarily requested a withdrawal of a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (File No.333-275708, the "Registration Statement") and accordingly cancelled the proposed public offering pursuant to the Registration Statement .

The cancellation results from an assessment by Company's management that current market pricing is not conducive for an offering that would be in the best interests of the Company or its shareholders.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Posted In: IZM

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