Haoxi Health Technology, which provides online marketing solutions in China, raised $10 million by offering 2.4 million shares at $4, the low end of the range of $4 to $5. The company offered 0.6 million fewer shares than anticipated.
Haoxi provides customized marketing solutions by planning, producing, placing, and optimizing online short video ads to help its advertiser customers acquire, convert, and retain ultimate consumers on various online media platforms. The company has served approximately 2,000 advertisers since its incorporation in 2018, the majority of which are healthcare companies.
Haoxi Health Technology plans to list on the Nasdaq under the symbol HAO. EF Hutton acted as sole bookrunner on the deal.
