{"id":402345,"date":"2020-12-17T16:18:28","date_gmt":"2020-12-17T21:18:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402345"},"modified":"2020-12-17T16:18:28","modified_gmt":"2020-12-17T21:18:28","slug":"oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares\/","title":{"rendered":"Oriental Culture Holding LTD Announces Closing of Initial Public Offering and Exercise of the Underwriters\u2019 Option to Purchase Additional 59,400 Shares"},"content":{"rendered":"
\n

Hong Kong, China, Dec. 17, 2020 (GLOBE NEWSWIRE) — Oriental Culture Holding LTD (\u201cOCG\u201d or the \u201cCompany\u201d) (NASDAQ: OCG), a leading online provider focusing on collectibles and artwork e-commerce services, today announced the closing of its initial public offering of 5,124,400 ordinary shares, including the exercise by the underwriters of their over-allotment option to purchase additional 59,400 ordinary shares, at a public offering price of $4.00 per share before underwriting discounts and commissions. All of the ordinary shares were offered by the Company.\u00a0 The ordinary shares commenced trading on the NASDAQ Capital Market under the symbol \u201cOCG\u201d on December 15, 2020.<\/p>\n

The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses,\u00a0were approximately $20.50 million. <\/p>\n

ViewTrade Securities, Inc., a global provider of brokerage, investment banking, corporate\/advisory and trading platform services, acted as sole book-running manager for the offering.<\/p>\n

A registration statement on Form F-1 (File No. 333-234654) relating to the offering has been filed with the Securities and Exchange Commission (\u201cSEC\u201d) and was declared effective by the SEC on December 1, 2020. \u00a0The offering of the ordinary shares was made only by means of a final prospectus. A final prospectus relating to the offering was filed with the SEC on December 16, 2020, which may be obtained from ViewTrade Securities, Inc. via email:\u00a0IB@Viewtrade.com<\/a> or standard mail at ViewTrade Securities, Inc., 7280 W Palmetto Park Rd, #310, Boca Raton, FL 33433, Attn: Prospectus Department.\u00a0 In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC’s website at www.sec.gov<\/a>.<\/p>\n

Before you invest, you should read the final prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n

\n About<\/b>
\n Oriental Culture Holding LTD<\/b>\n <\/p>\n

Oriental Culture Holding LTD is an online provider of collectibles and artwork e-commerce services, which allow collectors, artists, art dealers and owners to access an art trading market with a wider range of collectibles and artwork investors. Through its subsidiaries in Hong Kong , the Company provides trading facilitation for individual and institutional customers of all kinds of collectibles, artworks and certain commodities on its online platforms, as well as online and offline integrated marketing, storage and technical maintenance service to customers in China. For more information about the Company, please visit: www.ocgroup.hk<\/a>.<\/p>\n

\n Safe Harbor Statement<\/b>\n <\/p>\n

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as \u201cmay, \u201cwill, \u201cintend,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cproject,\u201d \u201cestimate\u201d or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.\u00a0 Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company\u2019s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:\u00a0 the Company\u2019s goals and strategies; the Company\u2019s future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC.\u00a0 For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company\u2019s filings with the SEC, which are available for review at www.sec.gov<\/u><\/a>. The Company undertakes no obligation to publicly revise these forward\u2010looking statements to reflect events or circumstances that arise after the date hereof.<\/p>\n

\n For more information, please contact:<\/b>\n <\/p>\n

\n The Company:<\/i>
\n
IR Department
Email:\u00a0IR@ocgroup.hk<\/a>
Phone: +86 (025) 85766891<\/p>\n

\n Investor Relations:<\/i>
\n
Janice Wang\u00a0\u00a0\u00a0
EverGreen Consulting Inc.
Email:\u00a0IR@changqingconsulting.com<\/a>
Phone: +1-908-510-2351 (from U.S.)
+86 13811768559 (from China)<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Hong Kong, China, Dec. 17, 2020 (GLOBE NEWSWIRE) — Oriental Culture Holding LTD (\u201cOCG\u201d or the \u201cCompany\u201d) (NASDAQ: OCG), a leading online provider focusing on collectibles and artwork e-commerce services, today announced the closing of its initial public offering of 5,124,400 ordinary shares, including the exercise by the underwriters of their over-allotment option to purchase additional 59,400 ordinary shares, at a public offering price of $4.00 per share before underwriting discounts and commissions. All of the ordinary shares were offered by the Company.\u00a0 The ordinary shares commenced trading on the NASDAQ Capital Market under the symbol \u201cOCG\u201d on December 15, 2020. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses,\u00a0were approximately $20.50 million. … <\/p>\n

Continue reading “Oriental Culture Holding LTD Announces Closing of Initial Public Offering and Exercise of the Underwriters\u2019 Option to Purchase Additional 59,400 Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402345","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOriental Culture Holding LTD Announces Closing of Initial Public Offering and Exercise of the Underwriters\u2019 Option to Purchase Additional 59,400 Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oriental Culture Holding LTD Announces Closing of Initial Public Offering and Exercise of the Underwriters\u2019 Option to Purchase Additional 59,400 Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Hong Kong, China, Dec. 17, 2020 (GLOBE NEWSWIRE) — Oriental Culture Holding LTD (\u201cOCG\u201d or the \u201cCompany\u201d) (NASDAQ: OCG), a leading online provider focusing on collectibles and artwork e-commerce services, today announced the closing of its initial public offering of 5,124,400 ordinary shares, including the exercise by the underwriters of their over-allotment option to purchase additional 59,400 ordinary shares, at a public offering price of $4.00 per share before underwriting discounts and commissions. 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All of the ordinary shares were offered by the Company.\u00a0 The ordinary shares commenced trading on the NASDAQ Capital Market under the symbol \u201cOCG\u201d on December 15, 2020. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses,\u00a0were approximately $20.50 million. … Continue reading \"Oriental Culture Holding LTD Announces Closing of Initial Public Offering and Exercise of the Underwriters\u2019 Option to Purchase Additional 59,400 Shares\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-17T21:18:28+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNDMzOCMzODg3MzY4IzUwMDA3NjQ1MQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Oriental Culture Holding LTD Announces Closing of Initial Public Offering and Exercise of the Underwriters\u2019 Option to Purchase Additional 59,400 Shares","datePublished":"2020-12-17T21:18:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares\/"},"wordCount":756,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNDMzOCMzODg3MzY4IzUwMDA3NjQ1MQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/oriental-culture-holding-ltd-announces-closing-of-initial-public-offering-and-exercise-of-the-underwriters-option-to-purchase-additional-59400-shares\/","name":"Oriental Culture Holding LTD Announces Closing of Initial Public Offering and Exercise of the Underwriters\u2019 Option to Purchase Additional 59,400 Shares - 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