Lucas GC Limited Announces Closing of Follow-On Offering

NEW YORK, June 23, 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 closing 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 US$0.20 per share, for total gross proceeds of US$6,430,000 before deducting placement agent's fee and offering expenses.

AC Sunshine Securities LLC acted 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 ("SEC"). 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 ...