Kepuni Holdings, a Chinese manufacturer of nautical communications and electronic equipment, filed on Tuesday with the SEC to raise up to $31 million.
Kepuni, operating through its VIE Taizhou Kepuni Communication Equipment, is a professional integrator of scheme design, research and development, and sales supporting communication equipment for nautical engineering, as well as ship communication, navigation, driving control, and power distribution. The company uses a build to order business model, providing for flexible order placing. Its recently-developed products include an electrical control system, a nautical main switchboard, a waterproof sound and light alarm, an engine room monitoring station, and a power box.
The Taizhou, China-based company was founded in 2012 and booked $9 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq under the symbol KPNT. Boustead Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
