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          GlobeNewsWire
          7 months ago
         
        
          LZ Technology Holdings Limited Announces Underwriters' Full Exercise of Over-Allotment Option
        
        
          HUZHOU CITY, China, March 11, 2025 (GLOBE NEWSWIRE) -- LZ Technology Holdings Limited (NASDAQ: LZMH) (“LZ Technology” or the “Company”), an information technology and advertising company, today announced the underwriters of its initial public offering (the "Offering") have exercised their over-allotment option in full to purchase an additional 270,000 Class B ordinary shares at the public offering price of US$4.00 per share, resulting in additional gross proceeds of $1,080,000. After giving effect to the full exercise of the over-allotment option, the total number of Class B ordinary shares sold by the Company in the public offering increased to 2,070,000 Class B ordinary shares and the gross proceeds increased to approximately US$8.28 million, before deducting underwriter discounts and other related expenses. The option closing date was March 11, 2025. The Class B ordinary shares began trading on the Nasdaq Capital Market on February 27, 2025, under the ticker symbol "LZMH."