Ostin Technology Group Co Ltd (OST)

[crudeoil24]

Ostin Technology Group Co., Ltd. (the "Company") (NASDAQ: OST), a supplier of display modules and polarizers in China, today announced the pricing of its initial public offering (the "Offering") of 3,375,000 ordinary shares (the "Ordinary Shares") at a public offering price of $4.00 per share for total gross proceeds of $13,500,000 before deducting underwriting discounts and offering expenses. The Offering is being conducted on a firm commitment basis. The Ordinary Shares have been approved for listing on The Nasdaq Capital Market and are expected to commence trading on April 27, 2022, under the ticker symbol "OST".

The Company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 506,250 shares at the public offering price, less underwriting discounts and commissions, to cover over-allotment, if any.