Huachen AI Parking Management Technology Holding Co., Ltd Announces Pricing of Initial Public Offering

Jiaxing, CHINA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Huachen AI Parking Management Technology Holding Co., Ltd (the "Company") (Nasdaq: HCAI), a comprehensive smart parking solutions and equipment structural parts provider with all operations through the operating subsidiaries in China, today announced the pricing of its initial public offering (the "Offering") of 1,500,000 ordinary shares, par value $0.00000125 (the "Ordinary Shares") at a public offering price of $4.00 per share for total gross proceeds of $6 million before deducting underwriting discounts and offering expenses. The Ordinary Shares have been approved for listing on The Nasdaq Capital Market and are expected to commence trading on February 5, 2025, under the ticker symbol "HCAI." The Offering is expected to close on or about February 6, 2025, subject to the satisfaction of customary closing conditions.