INLIF, a Chinese producer of industrial manipulator arms for injection molding, raised $8 million by offering 2 million shares at $4, the low end of the range of $4 to $6.
Through its operating entity, the company engages in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. Its product portfolio includes transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms. The company also provides installation and warranty services, as well as accessories and raw materials for manipulator arms.
INLIF plans to list on the Nasdaq under the symbol INLF. AC Sunshine Securities acted as sole bookrunner on the deal.
