With a 5.5% stake in the client, ATIF stands to gain 15 million in company value within one year from the client’s future sale of 18,000 vehicles at 15,500 dollars per vehicle in Mexico. The range and speed of the vehicles are impressive imo. With a 9.62 million O/S the share price may be more or less accurate if applying no future multiple and no additional deals, but there are other deals:
“8:03a ET 9/2/2022 - PR Newswire
ATIF Holdings Congratulates Its Client Addentax Group Corp. on Its Uplist to Nasdaq, Raising $25 Million
ATIF Provided OTC Listing Advisory Services to Addentax in 2016
ATIF Holdings Limited (Nasdaq: ATIF) (the "Company," or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that its client, Addentax Group Corp. (Nasdaq: ATXG, "Addentax"), whose common stocks was traded on OTC Markets, has been approved to list on Nasdaq Capital Market and made a strong debut on August 31, 2022.
Addentax is an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies. It announced the pricing of an underwritten public offering (the "Offering") of 5,000,000 shares of its common stock at a price to the public of $5.00 per share, for total gross proceeds of approximately $25 million, before deducting underwriting discounts and other related expenses.
On its first day of trading on August 31, 2022, Addentax opened at $27.00 and closed the day at $656.54, a 13,031% jump from the offering price $5.00 with a market cap of $20.8 billion.
Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, " We are excited to hear the news and we congratulate Addentax on its successful uplist to Nasdaq! It takes professionalism and patience to nurture a company. We served as a advisor to Addentax on its OTC listing in 2016 and today it finally made its debut on Nasdaq. Moreover, Addentax shows its strong performance on its first day of trading, and its market capitalization has soared 130 times on its closing day. I sincerely hope that with the boost of the market, Addentax will make further achievements and continue its good performance!"”
“8:04a ET 8/18/2022 - Benzinga
ATIF Holdings Signs $800K Agreement With Massimo Motor Sports, LLC To Provide Advisory Services On Support Of Future Public Listing
IRVINE, Calif., Aug. 18, 2022 /PRNewswire/ -- ATIF Holdings Limited (NASDAQ:ATIF) (the "Company," "ATIF" or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that it has signed a definitive agreement for US$800,000 to provide IPO advisory services to Massimo Motor Sports, LLC ("Massimo"), which manufactures all-terrain vehicles (ATVs) and utility task vehicles (UTVs) in Garland, Texas.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
“4:58p ET 6/22/2022 - Dow Jones
ATIF Holdings Shares Up 25% After Investment in Phoenix Motor
Shares of ATIF Holdings Ltd. were up in Wednesday's after hours market, following news the company made an investment in electric vehicle company Phoenix Motor Inc.
Jun Liu, ATIF's president, chairman and chief executive, said "We are excited to be an investor in Phoenix Motor Inc., based on my strong belief in their growth prospects."
At 4:37 p.m. ET, shares of ATIF Holdings were up 25% to $2.50. The stock finished the day's regular session with an 8.68% loss, closing at $2.
Phoenix Motor shares ended the day's regular session with a 70.5% gain, closing at $5.83. Shares were down after hours. At 4:51 p.m. ET, the stock was 2.23% lower at $5.70.
(END) Dow Jones Newswires
June 22, 2022 16:58 ET (20:58 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.”
0