Platinum Analytics Cayman Ltd（PLTS）资讯与事件PLTSPlatinum Analytics Cayman Ltd

Platinum Analytics Receives Nasdaq Delisting Notice

Platinum Analytics Cayman announced that on July 7, the company received a Staff Delisting Determination from the Listing Qualifications Department of The Nasdaq Stock Market, notifying the Company that Nasdaq has determined to delist the Company's securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4. The Company intends to appeal the Staff Determination by filing a request for oral hearing before the Nasdaq Hearings Panel pursuant to Nasdaq Listing Rule 5815. Per Rule 5815(a)(1)(B), a request for a hearing regarding a delinquent filing will only stay the suspension of the Company's securities for a period of 15 days from the deadline to request a hearing unless the Company specifically requests, and the Hearings Panel grants, a further stay. The current trading halt under Rule 4120(a)(5) with regards to the Company's securities will remain in place during any automatic stay or further stay granted by the Panel.

Platinum Analytics Debuts at $4.60 After IPO Set at $4.00

Platinum Analytics Cayman, a software developer specializing in currency trading software development solutions, priced its initial public offering of 2M shares t a public offering price of $4.00. The shares trade on the Nasdaq under the ticker symbol "PLTS." Kingswood Capital Partners is acting as the bookrunner.

Platinum Analytics Sets IPO Price at $4.00 for 2 Million Shares

Platinum Analytics Cayman announced the pricing of its initial public offering of 2,000,000 Class A ordinary shares at a public offering price of $4.00 per share for gross proceeds of $8,000,000, before deducting underwriting discounts and offering expenses. The Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on September 19 under the ticker symbol "PLTS". The Company has granted the underwriters an option, within 45 days from the closing date of the Offering, to purchase up to an additional 300,000 Ordinary Shares at the public offering price, less underwriting discounts, to cover the over-allotment option, if any. The Offering is expected to close on September 22, subject to the satisfaction of customary closing conditions. The Offering is being conducted on a firm commitment basis. Kingswood Capital Partners is acting as the bookrunner and representative of the underwriters for the Offering. The Company intends to use $2.7M, which is expected to be approximately 40% of the net proceeds from this Offering, for research and development purposes; $2.1M, which is expected to be approximately 30% of the net proceeds, for the expansion of its marketing and sales team; and $2M, which is expected to be approximately 30% of the net proceeds, for procurement of IT facilitate and financial licenses.