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Lucas GC Limited Announces Pricing of Follow-On Offering

1. Lucas GC Limited priced a follow-on offering of 32.15 million shares. 2. Shares are priced at $0.20, totaling gross proceeds of $6.43 million. 3. Closing is expected around June 23, 2025, pending customary conditions. 4. 19 patents and 75 software copyrights enhance Lucas's AI capabilities. 5. The company operates within human resources and insurance industry verticals.

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Why Neutral?

Follow-on offerings often dilute existing shares; however, proceeds may boost growth potential. Historical examples show mixed impacts on stock prices post-offering.

How important is it?

The offering's size and timing can impact market perception and investor confidence, influencing stock price short-term.

Why Short Term?

The immediate effect of the offering will be seen around its closing date. Long-term effects depend on how the capital is utilized to accelerate growth.

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AC Sunshine SecuritiesNASDAQ
June 20, 2025 09:00 ET  | Source: Lucas GC Limited NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (“AI”) technology-driven Platform-as-a-Service (“PaaS”) company with proprietary technologies applied to the human resources and insurance industry verticals, today announced the pricing of its “best efforts” follow-on offering (the "Offering") of 32,150,000 ordinary shares, par value US$0.000005 per share, of the Company (the "Ordinary Shares") at a public offering price of $0.20 per share, for total gross proceeds of US$6,430,000 before deducting placement agent's fee and offering expenses. The Offering is expected to close on or about June 23, 2025, subject to the satisfaction of customary closing conditions. AC Sunshine Securities LLC is acting as the placement agent for the Offering. A registration statement related to the Offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the Offering may be obtained, when available, on the SEC's website located at http://www.sec.gov and may also be obtained from AC Sunshine Securities LLC, 200 E. Robinson Street Suite 295, Orlando, FL 32801. About Lucas GC LimitedWith 19 granted U.S. and Chinese patents and over 75 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven PaaS company with over 780,320 agents working on its platform. Lucas’ technologies have been applied to the human resources and insurance industry verticals. For more information, please visit: https://www.lucasgc.com/. For Investor Inquiries and Media Contact:https://www.lucasgc.com/ ir@lucasgc.com T: 818-741-0923 Forward-Looking StatementsCertain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

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