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Anbio Biotechnology Announces Closing of Initial Public Offering Frankfurt am Main, Germany

Key Takeaway: Anbio Biotechnology announced the successful closing of its initial public offering, raising a total of US$8 million from the sale of 1,600,000 Class A ordinary shares at a price of US$5.00 each. The shares began trading on the Nasdaq Global Market under the ticker symbol 'NNNN.' Proceeds from the offering will be allocated towards expanding sales and distribution, research and development, as well as general corporate purposes. The offering was underwritten by AC Sunshine Securities LLC and marked a significant milestone for the company.

Market Sentiment Analysis

POSITIVE FACTORS

  • Anbio Biotechnology successfully closed its initial public offering.
  • The company raised significant funds of US$8 million to support growth.
  • Shares began trading on the Nasdaq Global Market, enhancing visibility.
  • The company has a diverse portfolio of innovative diagnostic products.

Full Press Release Details

Anbio Biotechnology Announces Closing
of Initial Public Offering
Frankfurt am Main, Germany, Feb. 20, 2025 -- Anbio
Biotechnology (the "Company" or "Anbio"), a global diagnostic company dedicated to the advancement of medical
technology and the provision of in vitro diagnostics products, today announced the closing of its initial public offering (the "Offering")
of 1,600,000 Class A ordinary shares (the "Class A Ordinary Shares") at a public offering price of US$5.00 per Class A Ordinary
Share. The Class A Ordinary Shares began trading on the Nasdaq Global Market on February 19, 2025 under the ticker symbol "NNNN."
The Company received aggregate gross proceeds
of US$8 million from the Offering, before deducting underwriting discounts and other related expenses.
Proceeds from the Offering will be used for expansion
of sales and distribution network in the strategically selected markets, research and development, and working capital and general corporate
The Offering was conducted on a firm commitment
basis. AC Sunshine Securities LLC acted as the underwriter for the Offering (the "Underwriter"). Ortoli Rosenstadt LLP
acted as U.S. counsel to the Company, and Focus Law acted as U.S. counsel to the Underwriter in connection with the Offering.
A registration statement on Form F-1 relating
to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") (File Number: 333-284106), as amended,
and was declared effective by the SEC on February 18, 2025. The Offering was made only by means of a prospectus, forming a part of the
registration statement. Copies of the final prospectus relating to the Offering, when available, may be obtained from AC Sunshine
Securities LLC by email at prospectus@acsunshine.com, by standard mail to 200 E. Robinson Street,
Suite 295, Orlando, FL 32801, or by telephone at +1 (689)-689-9686. In addition, copies of the final prospectus relating
to the Offering, when available, may be obtained via the SEC's website at www.sec.gov.
Before you invest, you should read the prospectus
and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering.
This press release has been prepared for informational purposes only and shall not constitute an offer to sell, or the solicitation of
an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration
or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities
in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction.
About Anbio Biotechnology
Anbio Biotechnology is dedicated to the advancement
of medical technology and the provision of in vitro diagnostics (IVD) products. It is an innovation-driven global diagnostic company offering
a diverse portfolio of mature diagnostic assays and five key platforms for biomarker detection, including Fluorescent Immunochromatographic
Solution (FIA), Chemiluminescent Immunoassay Solution (ChLIA), Polymerase Chain Reaction Solution (PCR), Lateral Flow Assay Solution (LFIA),
and Loop-Mediated Isothermal Amplification Solution (LAMP). These solutions cater to point-of-care settings, laboratory, and over-the-counter
applications, enabling healthcare providers and patients to access fast, reliable, and cost-effective diagnostic tools. With a strong
global presence across the EU, APAC, and the Americas, the Company's Conformit Europ enne (CE)-marked products detect
biomarkers associated with critical medical domains, encompassing infectious diseases, cancer, cardiovascular diseases, inflammation,
drug abuse, endocrine disorders, renal disease, pharmacogenomics, and diabetes. Designed for compatibility with multiple sample collection
matrices, including serum, plasma, whole blood, feces, urine, and saliva, the product lineup facilitates efficient and reliable diagnostic
testing across diverse patient populations and healthcare settings. By prioritizing innovation, affordability, and speed, Anbio aims to
transform the global diagnostics landscape, fostering a paradigm shift towards personalized and decentralized diagnostic solutions. For
more information, please visit the Company's website: https://www.anbiobiotechnology.com/.
Forward-Looking Statements
Certain statements in this announcement 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. Investors can find many (but not all) of these statements by the use of words such as "approximates,"
"believes," "hopes," "expects," "anticipates," "estimates," "projects,"
"intends," "plans," "will," "would," "should," "could," "may"
or other similar expressions in this prospectus. 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.
For more information, please contact:

Frequently Asked Questions

What is Anbio Biotechnology's recent financial announcement?

Anbio Biotechnology closed its initial public offering, raising $8 million.

Where can Anbio's Class A shares be traded?

Anbio's Class A ordinary shares trade on the Nasdaq under the ticker 'NNNN.'

What will the funds from Anbio's IPO be used for?

The funds will expand sales, research, development, and general corporate needs.

Who were the underwriters for Anbio's IPO?

AC Sunshine Securities LLC acted as the underwriter for Anbio's offering.

What types of diagnostics does Anbio provide?

Anbio offers in vitro diagnostics products for various medical conditions.

Last updated: Feb 20, 2025