ALLENTOWN, Pa. and TAIZHOU,
China, Oct.
30, 2015 /PRNewswire/ -- Fuling Global Inc. ("Fuling" or the
"Company"), a specialized producer and distributor of
environmentally-friendly plastic serviceware, with precision
manufacturing facilities in both the U.S. and China, today announced the pricing of its
initial public offering ("IPO") of 4,000,000 ordinary shares at a
price of $5.00 per share. Fuling's
ordinary shares are expected to begin trading on the
NASDAQ Capital Market on November 4, 2015 under the
ticker "FORK".
Lead underwriter and book-running manager Burnham Securities
Inc. and co-underwriter and co-manager Network 1 Financial
Securities, Inc. have conducted the offering on a "best efforts"
basis.
A registration statement relating to the IPO shares has been
filed with the Securities and Exchange Commission and was declared
effective on October 26,
2015. The offering has been made only by means of a
prospectus. The preliminary prospectus can be found as part of the
registration statement dated October 22,
2015, which may be downloaded from the SEC's EDGAR website
at
https://www.sec.gov/Archives/edgar/data/1637921/000114420415060366/v422573_f1a.htm.
A copy of the final prospectus related to the offering may be
obtained from the offices of Burnham Securities Inc. by email to
info@bsibam.com, by fax to +1 (949) 390-9579, or by mail to 18500
Von Karman Avenue, Suite 560, Irvine,
California 92612 USA, Attention: Investment Banking.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these shares in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to their registration
or qualification under the securities laws of any state or
jurisdiction.
About Fuling Global Inc.
Fuling Global Inc. ("Fuling" or the "Company") is a specialized
producer and distributor of environmentally-friendly plastic
serviceware, with precision manufacturing facilities in both the
U.S. and China. The Company's
plastic serviceware products include disposable cutlery, drinking
straws, cups, plates and other plastics products and are used by
more than one hundred customers primarily from the U.S. and
Europe, including McDonald's, Subway, Wendy's, Burger King, KFC
(China only), Walmart, McKesson,
and Woolworths.
Forward-Looking Statements
This press release contains information about Fuling's view
of its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ
materially from historical results or those indicated by these
forward-looking statements as a result of a variety of factors
including, but not limited to, risks and uncertainties associated
with its ability to raise additional funding, its ability to
maintain and grow its business, variability of operating results,
its ability to maintain and enhance its brand, its development and
introduction of new products and services, the successful
integration of acquired companies, technologies and assets into its
portfolio of software and services, marketing and other business
development initiatives, competition in the industry, general
government regulation, economic conditions, dependence on key
personnel, the ability to attract, hire and retain personnel who
possess the technical skills and experience necessary to meet the
requirements of its clients, and its ability to protect its
intellectual property. Fuling encourages you to review other
factors that may affect its future results in Fuling's registration
statement and in its other filings with the Securities and Exchange
Commission.
For more information, please contact:
At the Company:
Gilbert Lee, CFO
Email: ir@fulingplasticusa.com
Phone: +1-610-366-8070 x1835
Investor Relations:
Tina
Xiao
Weitian Group LLC
Email: FORK@weitian-ir.com
Phone: +1-917-609-0333
Burnham Securities Inc.:
Dan
McClory, Managing Director
Email: dmcclory@burnhamfinancial.com
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SOURCE Fuling Global Inc.