On March 11, 2025, LZ Technology Holdings Limited announced that the underwriters of its initial public offering fully exercised their over-allotment option. This exercise involved the purchase of an additional 270,000 Class B ordinary shares at the public offering price of US$4.00 per share.
The full exercise of this option resulted in additional gross proceeds of $1,080,000 for the company. Consequently, the total number of Class B ordinary shares sold in the public offering increased to 2,070,000 shares.
The total gross proceeds from the offering, after accounting for the over-allotment exercise, reached approximately US$8.28 million, before deducting underwriter discounts and other related expenses. This additional capital further strengthens the company's financial position for its planned growth initiatives.
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