{"success":true,"data":{"pressRelease":{"id":"135641","rtpr_id":"nGNXPJwxM","ticker":"LHSW","exchange":"NASDAQ","all_tickers":["LHSW"],"title":"Lianhe Sowell International Group Ltd. Announces Closing of an $11 Million Best-efforts Follow-on Public Offering","author":"Globe Newswire","published_at":"2026-09-03T20:10:00.123Z","article_body":"SHENZHEN, CHINA, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Lianhe Sowell\nInternational Group Ltd. (Nasdaq: LHSW) (the “Company”, or “Lianhe\nSowell”), a provider of industrial machine vision products and solutions in\nChina, today announced that it closed its previously announced follow-on\npublic offering on a best-efforts basis (the \"Offering\") of 7,638,889 units\n(each a “Unit,” and collectively, the “Units”) at an offering price of\n$1.44 per Unit (the “Public Offering Price”) for total gross proceeds of\n$11,000,000.16, before deducting placement agent commission and other offering\nexpenses , excluding the exercise of any warrants offered.\n\nEach Unit consists of (i) one Class A Ordinary Share, par value $0.0016 per\nshare (the “Class A Ordinary Share”), (ii) three warrants, each to\npurchase one Class A Ordinary Share (each, a “Warrant”). The Warrants will\nhave a term of 6 months from the issuance date of the Offering. The Warrants\nhave an exercise price of $1.66 per Class A Ordinary Share. The maximum number\nof Class A Ordinary Shares issuable upon exercise of the Warrants will be\n22,916,667 shares. The Units have no stand-alone rights and will not be\ncertificated or issued as stand-alone securities. The Class A Ordinary Shares\nand Warrants are immediately separable and issued separately in the Offering.\n\nR. F. Lafferty & Co., Inc. is acting as the sole placement agent for the\nOffering. Robinson & Cole LLP is acting as U.S. counsel to the Company, and\nSichenzia Ross Ference Carmel LLP is acting as U.S. counsel to R. F. Lafferty\n& Co. Inc., in connection with the Offering.\n\nThe Company intends to use the proceeds from this Offering for 1) funding the\nresearch and development for new products and relevant market expansion; and\n2) general corporate purposes and working capital.\n\n“We are pleased to close this offering and appreciate the continued support\nand market recognition as we execute our business plan” said Mr. Yue Zhu,\nCEO of the Company. “The proceeds provided by this offering will help\nfacilitate our continued business expansion and technologies investment in\nautomated service robotics industry.”\n\nThe registration statement on Form F-1 (File No. 333-298425) relating to the\nOffering, as amended, was filed with the U.S. Securities and Exchange\nCommission (the \"SEC\"), and was declared effective by the SEC on August 31,\n2026. The Offering was made only by means of a prospectus. Copies of the final\nprospectus related to the Offering may be obtained, from R.F. Lafferty & Co.,\nInc., 40 Wall Street, Suite 3602, New York, NY 10004, at +1 (212) 293-9090,\nor via email at offerings@rflafferty.com. In addition, a copy of the final\nprospectus can also be obtained via the SEC’s website at www.sec.gov.\n\nBefore you invest, you should read the prospectus and other documents the\nCompany has filed or will file with the SEC for more information about the\nCompany and the Offering. This press release shall not constitute an offer to\nsell or the solicitation of an offer to buy the securities described herein,\nnor shall there be any sale of these securities in any state or jurisdiction\nin which such offer, solicitation, or sale would be unlawful prior to\nregistration or qualification under the securities laws of any such state or\njurisdiction.\n\nAbout Lianhe Sowell International Group Ltd\n\nLianhe Sowell International Group Ltd (Nasdaq: LHSW) provides industrial\nvision and industrial robotics solutions. With expertise in the field of\nmachine vision and intelligent equipment, the Company specializes in smart\ntransportation, industrial automation, artificial intelligence, and machine\nvision. Committed to offering comprehensive intelligent solutions to customers\nworldwide, the Company continuously advances the intelligent transformation of\nvarious industries through technological innovation. For more information,\nplease visit: ir.cnsoftwell.com.\n\nForward-Looking Statement\n\nThis press release contains forward-looking statements. Forward-looking\nstatements include statements concerning plans, objectives, goals, strategies,\nfuture events or performance, and underlying assumptions and other statements\nthat are other than statements of historical facts. When the Company uses\nwords such as “may, “will, “intend,” “should,” “believe,”\n“expect,” “anticipate,” “project,” “estimate,” “plan” or\nsimilar expressions that do not relate solely to historical matters, it is\nmaking forward-looking statements. Forward-looking statements are not\nguarantees of future performance and involve risks and uncertainties that may\ncause the actual results to differ materially from the Company’s\nexpectations discussed in the forward-looking statements. These statements are\nsubject to uncertainties and risks including, but not limited to, the\nuncertainties related to market conditions and other risk factors discussed in\nthe Company’s filings with the SEC, which are available for review\nat www.sec.gov. For these reasons, among others, investors are cautioned not\nto place undue reliance upon any forward-looking statements in this press\nrelease. The Company undertakes no obligation to publicly revise these\nforward-looking statements to reflect events or circumstances that arise after\nthe date hereof.\n\nFor more information, please contact:\nLianhe Sowell International Group Ltd\nEmail: ir@cnsoftweIl.com\n\nWFS Investor Relations Inc.\nEmail: services@wfsir.com\nPhone: +1 628 283 9214\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7ebd443c-dee4-44fc-8b8d-3c1ce0896b8e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXPJwxM","title":"Lianhe Sowell International Group Ltd. Announces Closing of an $11 Million Best-efforts Follow-on Public Offering","author":"Globe Newswire","ticker":"LHSW","created":"2026-09-03T20:10:00.123Z","tickers":["LHSW"],"exchange":"NASDAQ","article_body":"SHENZHEN, CHINA, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Lianhe Sowell\nInternational Group Ltd. (Nasdaq: LHSW) (the “Company”, or “Lianhe\nSowell”), a provider of industrial machine vision products and solutions in\nChina, today announced that it closed its previously announced follow-on\npublic offering on a best-efforts basis (the \"Offering\") of 7,638,889 units\n(each a “Unit,” and collectively, the “Units”) at an offering price of\n$1.44 per Unit (the “Public Offering Price”) for total gross proceeds of\n$11,000,000.16, before deducting placement agent commission and other offering\nexpenses , excluding the exercise of any warrants offered.\n\nEach Unit consists of (i) one Class A Ordinary Share, par value $0.0016 per\nshare (the “Class A Ordinary Share”), (ii) three warrants, each to\npurchase one Class A Ordinary Share (each, a “Warrant”). The Warrants will\nhave a term of 6 months from the issuance date of the Offering. The Warrants\nhave an exercise price of $1.66 per Class A Ordinary Share. The maximum number\nof Class A Ordinary Shares issuable upon exercise of the Warrants will be\n22,916,667 shares. The Units have no stand-alone rights and will not be\ncertificated or issued as stand-alone securities. The Class A Ordinary Shares\nand Warrants are immediately separable and issued separately in the Offering.\n\nR. F. Lafferty & Co., Inc. is acting as the sole placement agent for the\nOffering. Robinson & Cole LLP is acting as U.S. counsel to the Company, and\nSichenzia Ross Ference Carmel LLP is acting as U.S. counsel to R. F. Lafferty\n& Co. Inc., in connection with the Offering.\n\nThe Company intends to use the proceeds from this Offering for 1) funding the\nresearch and development for new products and relevant market expansion; and\n2) general corporate purposes and working capital.\n\n“We are pleased to close this offering and appreciate the continued support\nand market recognition as we execute our business plan” said Mr. Yue Zhu,\nCEO of the Company. “The proceeds provided by this offering will help\nfacilitate our continued business expansion and technologies investment in\nautomated service robotics industry.”\n\nThe registration statement on Form F-1 (File No. 333-298425) relating to the\nOffering, as amended, was filed with the U.S. Securities and Exchange\nCommission (the \"SEC\"), and was declared effective by the SEC on August 31,\n2026. The Offering was made only by means of a prospectus. Copies of the final\nprospectus related to the Offering may be obtained, from R.F. Lafferty & Co.,\nInc., 40 Wall Street, Suite 3602, New York, NY 10004, at +1 (212) 293-9090,\nor via email at offerings@rflafferty.com. In addition, a copy of the final\nprospectus can also be obtained via the SEC’s website at www.sec.gov.\n\nBefore you invest, you should read the prospectus and other documents the\nCompany has filed or will file with the SEC for more information about the\nCompany and the Offering. This press release shall not constitute an offer to\nsell or the solicitation of an offer to buy the securities described herein,\nnor shall there be any sale of these securities in any state or jurisdiction\nin which such offer, solicitation, or sale would be unlawful prior to\nregistration or qualification under the securities laws of any such state or\njurisdiction.\n\nAbout Lianhe Sowell International Group Ltd\n\nLianhe Sowell International Group Ltd (Nasdaq: LHSW) provides industrial\nvision and industrial robotics solutions. With expertise in the field of\nmachine vision and intelligent equipment, the Company specializes in smart\ntransportation, industrial automation, artificial intelligence, and machine\nvision. Committed to offering comprehensive intelligent solutions to customers\nworldwide, the Company continuously advances the intelligent transformation of\nvarious industries through technological innovation. For more information,\nplease visit: ir.cnsoftwell.com.\n\nForward-Looking Statement\n\nThis press release contains forward-looking statements. Forward-looking\nstatements include statements concerning plans, objectives, goals, strategies,\nfuture events or performance, and underlying assumptions and other statements\nthat are other than statements of historical facts. When the Company uses\nwords such as “may, “will, “intend,” “should,” “believe,”\n“expect,” “anticipate,” “project,” “estimate,” “plan” or\nsimilar expressions that do not relate solely to historical matters, it is\nmaking forward-looking statements. Forward-looking statements are not\nguarantees of future performance and involve risks and uncertainties that may\ncause the actual results to differ materially from the Company’s\nexpectations discussed in the forward-looking statements. These statements are\nsubject to uncertainties and risks including, but not limited to, the\nuncertainties related to market conditions and other risk factors discussed in\nthe Company’s filings with the SEC, which are available for review\nat www.sec.gov. For these reasons, among others, investors are cautioned not\nto place undue reliance upon any forward-looking statements in this press\nrelease. The Company undertakes no obligation to publicly revise these\nforward-looking statements to reflect events or circumstances that arise after\nthe date hereof.\n\nFor more information, please contact:\nLianhe Sowell International Group Ltd\nEmail: ir@cnsoftweIl.com\n\nWFS Investor Relations Inc.\nEmail: services@wfsir.com\nPhone: +1 628 283 9214\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7ebd443c-dee4-44fc-8b8d-3c1ce0896b8e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-03T20:10:00.176632275Z","server_sent_at_ms":1788466200176},"received_at":"2026-09-03T20:10:00.235Z","source_url":"https://www.globenewswire.com/news-release/2026/09/03/3356271/0/en/lianhe-sowell-international-group-ltd-announces-closing-of-an-11-million-best-efforts-follow-on-public-offering.html"},"analysis":{"id":"124519","press_release_id":"135641","analysis_json":{"industry":{"label":"Electronic Equipment, Instruments & Components","sector":"Information Technology"},"redFlags":["3-for-1 warrant coverage: up to 22,916,667 additional shares issuable -- dilution overhang far exceeding the 7.6M shares sold","best-efforts offering at $1.44 per unit on a Nasdaq-listed micro-cap; prior close not disclosed so pricing discount cannot be assessed","portion of proceeds allocated to general corporate purposes and working capital rather than specific growth initiatives"],"eventType":"offering","narrative":"Lianhe Sowell International Group (Nasdaq: LHSW) closed an $11.0 million best-efforts follow-on public offering of 7,638,889 units priced at $1.44 per unit, with R.F. Lafferty & Co. acting as sole placement agent.\n\nEach unit contains one Class A ordinary share plus three six-month warrants exercisable at $1.66; full exercise would add up to 22,916,667 shares -- a dilution overhang roughly three times the shares sold in the offering itself.\n\nProceeds are earmarked for new-product R&D and market expansion, plus general corporate purposes and working capital; the Form F-1 was declared effective by the SEC on August 31, 2026.\n\nCEO Yue Zhu said the proceeds will help facilitate continued business expansion and technology investment in the automated service robotics industry.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Dilution watch: LHSW warrant overhang of up to 22.9M shares could roughly triple the offering's share issuance if exercised."},"keyFigures":{"dealValueUsd":11000000.16,"offeringPrice":1.44,"sharesOffered":7638889,"customDimensions":{"basis":"best-efforts","instrument":"units (1 Class A ordinary share + 3 warrants per unit)","warrants_per_unit":3,"max_warrant_shares":22916667,"warrant_term_months":6,"warrant_exercise_price":1.66,"registration_effective_date":"2026-08-31"}},"quotedText":"We are pleased to close this offering and appreciate the continued support and market recognition as we execute our business plan","namedEntities":{"people":[{"name":"Yue Zhu","role":"CEO"}],"products":[],"companies":[{"name":"Lianhe Sowell International Group Ltd.","ticker":"LHSW","relationship":"filer/issuer"},{"name":"R. F. Lafferty & Co., Inc.","relationship":"placement agent"},{"name":"Robinson & Cole LLP","relationship":"U.S. counsel to the company"},{"name":"Sichenzia Ross Ference Carmel LLP","relationship":"U.S. counsel to placement agent"},{"name":"WFS Investor Relations Inc.","relationship":"investor relations"}],"dollarAmounts":[{"amount":"$11,000,000.16","context":"total gross proceeds before placement agent commission and offering expenses"},{"amount":"$1.44","context":"public offering price per Unit"},{"amount":"$1.66","context":"warrant exercise price per Class A ordinary share"}]},"materialImpact":{"score":3,"reasoning":"Closing of a previously announced $11M best-efforts follow-on offering on a micro-cap; absolute size is modest, but the 3-warrants-per-unit structure implies up to 22,916,667 additional shares -- a very large dilution overhang relative to the 7.6M shares sold."},"tickerRelevance":{"others":[],"primary":"LHSW"},"globalImportance":18,"audienceRelevance":10,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"closing of previously announced $11M follow-on offering","issuerAuthored":true,"dilutionOverhang":"up to 22,916,667 warrant shares vs 7,638,889 units sold","chineseSmallCapIssuer":true,"previouslyAnnouncedPricing":true}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":3,"narrative":"Lianhe Sowell International Group (Nasdaq: LHSW) closed an $11.0 million best-efforts follow-on public offering of 7,638,889 units priced at $1.44 per unit, with R.F. Lafferty & Co. acting as sole placement agent.\n\nEach unit contains one Class A ordinary share plus three six-month warrants exercisable at $1.66; full exercise would add up to 22,916,667 shares -- a dilution overhang roughly three times the shares sold in the offering itself.\n\nProceeds are earmarked for new-product R&D and market expansion, plus general corporate purposes and working capital; the Form F-1 was declared effective by the SEC on August 31, 2026.\n\nCEO Yue Zhu said the proceeds will help facilitate continued business expansion and technology investment in the automated service robotics industry.","key_figures":{"dealValueUsd":11000000.16,"offeringPrice":1.44,"sharesOffered":7638889,"customDimensions":{"basis":"best-efforts","instrument":"units (1 Class A ordinary share + 3 warrants per unit)","warrants_per_unit":3,"max_warrant_shares":22916667,"warrant_term_months":6,"warrant_exercise_price":1.66,"registration_effective_date":"2026-08-31"}},"named_entities":{"people":[{"name":"Yue Zhu","role":"CEO"}],"products":[],"companies":[{"name":"Lianhe Sowell International Group Ltd.","ticker":"LHSW","relationship":"filer/issuer"},{"name":"R. F. Lafferty & Co., Inc.","relationship":"placement agent"},{"name":"Robinson & Cole LLP","relationship":"U.S. counsel to the company"},{"name":"Sichenzia Ross Ference Carmel LLP","relationship":"U.S. counsel to placement agent"},{"name":"WFS Investor Relations Inc.","relationship":"investor relations"}],"dollarAmounts":[{"amount":"$11,000,000.16","context":"total gross proceeds before placement agent commission and offering expenses"},{"amount":"$1.44","context":"public offering price per Unit"},{"amount":"$1.66","context":"warrant exercise price per Class A ordinary share"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-03T20:30:36.307Z","global_importance":18,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"closing of previously announced $11M follow-on offering","issuerAuthored":true,"dilutionOverhang":"up to 22,916,667 warrant shares vs 7,638,889 units sold","chineseSmallCapIssuer":true,"previouslyAnnouncedPricing":true}},"durationMs":115683,"modelName":"glm-4.7"}}