Pheton Holdings Group Ltd. Announces Closing of $9 Million IPO.  CLG Acted as Counsel to the Underwriters, Cathay Securities Inc., in Connection with the Offering. (Nasdaq: PTHL)

Written By Bela Vanacore

BEIJING, China, Sept. 06, 2024 (GLOBE NEWSWIRE) – Pheton Holdings Ltd (the “Company” or “Pheton”), a healthcare solution provider specializing in treatment planning systems for brachytherapy and other related products and services, today announced the closing of its initial public offering (the “Offering”) of 2,250,000 Class A ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $9 million, before deducting underwriting discounts and other related expenses.  The Crone Law Group P.C. acted as counsel to the Underwriters in connection with the offering.

Bela Vanacore
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