Planet Image International, a Chinese toner cartridge manufacturer, filed a new blank prospectus with the SEC on Monday. The company last filed in March 2022, planning to raise $27 million by offering 6 million shares at a price range of $4 to $5.
In its latest filing, Planet Image also replaced sole bookrunner Network 1 Financial with Tiger Brokers, disclosed financials for the fiscal years ended December 31, 2021 and 2022, and selected a proposed ticker.
Planet Image states that it is the largest compatible cartridge manufacturer in the world with a market share of 11% in 2022, ranking first in both the US and Europe. The company develops and manufactures toner cartridges that are compatible with a range of commonly available models of laser printers from different manufacturers, and operates under a number of different brands.
The Xinyu, China-based company was founded in 2011 and plans to list on the Nasdaq under the symbol YIBO. Tiger Brokers is the sole bookrunner on the deal.
