StockLogistics
1 year ago
With a 5.5% stake in the client, ATIF stands to gain 15 million in company value within one year from the client’s future sale of 18,000 vehicles at 15,500 dollars per vehicle in Mexico. The range and speed of the vehicles are impressive imo. With a 9.62 million O/S the share price may be more or less accurate if applying no future multiple and no additional deals, but there are other deals:
“8:03a ET 9/2/2022 - PR Newswire
ATIF Holdings Congratulates Its Client Addentax Group Corp. on Its Uplist to Nasdaq, Raising $25 Million
ATIF Provided OTC Listing Advisory Services to Addentax in 2016
ATIF Holdings Limited (Nasdaq: ATIF) (the "Company," or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that its client, Addentax Group Corp. (Nasdaq: ATXG, "Addentax"), whose common stocks was traded on OTC Markets, has been approved to list on Nasdaq Capital Market and made a strong debut on August 31, 2022.
Addentax is an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies. It announced the pricing of an underwritten public offering (the "Offering") of 5,000,000 shares of its common stock at a price to the public of $5.00 per share, for total gross proceeds of approximately $25 million, before deducting underwriting discounts and other related expenses.
On its first day of trading on August 31, 2022, Addentax opened at $27.00 and closed the day at $656.54, a 13,031% jump from the offering price $5.00 with a market cap of $20.8 billion.
Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, " We are excited to hear the news and we congratulate Addentax on its successful uplist to Nasdaq! It takes professionalism and patience to nurture a company. We served as a advisor to Addentax on its OTC listing in 2016 and today it finally made its debut on Nasdaq. Moreover, Addentax shows its strong performance on its first day of trading, and its market capitalization has soared 130 times on its closing day. I sincerely hope that with the boost of the market, Addentax will make further achievements and continue its good performance!"”
“8:04a ET 8/18/2022 - Benzinga
ATIF Holdings Signs $800K Agreement With Massimo Motor Sports, LLC To Provide Advisory Services On Support Of Future Public Listing
IRVINE, Calif., Aug. 18, 2022 /PRNewswire/ -- ATIF Holdings Limited (NASDAQ:ATIF) (the "Company," "ATIF" or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that it has signed a definitive agreement for US$800,000 to provide IPO advisory services to Massimo Motor Sports, LLC ("Massimo"), which manufactures all-terrain vehicles (ATVs) and utility task vehicles (UTVs) in Garland, Texas.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
“4:58p ET 6/22/2022 - Dow Jones
ATIF Holdings Shares Up 25% After Investment in Phoenix Motor
Shares of ATIF Holdings Ltd. were up in Wednesday's after hours market, following news the company made an investment in electric vehicle company Phoenix Motor Inc.
Jun Liu, ATIF's president, chairman and chief executive, said "We are excited to be an investor in Phoenix Motor Inc., based on my strong belief in their growth prospects."
At 4:37 p.m. ET, shares of ATIF Holdings were up 25% to $2.50. The stock finished the day's regular session with an 8.68% loss, closing at $2.
Phoenix Motor shares ended the day's regular session with a 70.5% gain, closing at $5.83. Shares were down after hours. At 4:51 p.m. ET, the stock was 2.23% lower at $5.70.
(END) Dow Jones Newswires
June 22, 2022 16:58 ET (20:58 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.”
StockLogistics
1 year ago
I like this business model, get paid to provide IPO services and gain stakes in the new companies:
“8:09a ET 10/24/2022 - Benzinga
ATIF's Investment In Mexican EV Company Solarever Announces Launch Of SEV E-WAN
TIF Holdings Limited (NASDAQ:ATIF) (the "Company," or "ATIF"), a holding company providing business and financial consulting services in Asia and North America, whose IPO advisory services client Solarever Ltd.("Solarever") the Mexican renewable energy company, held a major local launch event last week to announce the official debut of the E-WAN electric vehicle model under its SEV brand. The SEV branded stores will soon be available in dozens of cities in Mexico, with the first deliveries to pre-ordered customers scheduled for December 1, 2023. The Company signed an agreement with Solarever in April 2022 to provide IPO advisory services to Solarever. Meanwhile, the Company holds a 5.25% equity interest in Solarever.
Solarever has vast local resources in Mexico. On the launching day, major figures from the local political and business community were invited and witness the launch of E-WAN.
The SEV E-WAN is a futuristic, ultra-compact hatchback for urban driving with a range of up to 350 km and a speed of up to 110 km/h. In response to the democratization of electric vehicles, E-WAN hit the market directly with its price, the base model for only 299,900.00 Mexican pesos. The first deliveries of E-WAN are scheduled on December 1, 2023, with at least 18,000 units to be delivered in 2023.
SEV also plans to build a whole electric ecology of renewable biochemistry. SEV brand stores is expected to provide not only branded electric vehicles and charging piles, but also solar power generation systems, energy storage systems, and in the future, energy internet services.
Solarever, invested by the Company, has two high-profile businesses - electric vehicles and photovoltaic (PV) modules. At Intersolar Mexico 2022 in mid-September, SEV has signed cooperation agreements with several well-known Mexican automobile distributors to open brand stores in more than a dozen cities in Mexico; Solarever also stated that it has received huge orders from North America due to strong demand for its U.S. PV modules and energy storage products due to the impact of IRA Act.
Alongside its fast-paced market launch of electric vehicles, Solarever is also extending the group's business chain. In mid-September, Solarever joined forces with the Mexican state of Jalisco to announce that Solarever will invest $1 billion over the next four years to build a plant in the Logistics Center of Zacoalco de Torres, for the production of photocells, panels, batteries and renewable energy vehicle manufacturing. The plant is planned to be a complete industrial warehouse and create up to 3,000 jobs for the state of Jalisco.
Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, "We warmly congratulate the official launch of E-WAN! We believe that SEV electric vehicles will soon seize the Mexican market and cover the local streets. Solarever has been deeply involved in the renewable energy industry for years, and we are impressed by its efficient product development capability and huge sales potential, as well as its in-depth layout and rapid development in the new energy business chain. Solarever has great potential for growth and we believe it will become another high quality customer and portfolio investment for us, which is significant for our company and our shareholders."
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
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