SEC Form 6-K filed by Huachen AI Parking Management Technology Holding Co. Ltd.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2025
Commission File Number: 001-42505
Huachen AI Parking Management Technology Holding Co., Ltd
No.1018 Haihe Road, Dushangang Town
Pinghu City, Jiaxing
Zhejiang Province, China 314205
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
On February 4, 2025, Huachen AI Parking Management Technology Holding Co., Ltd. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Benjamin Securities, Inc., as the representative of the underwriters listed on Schedule 1 thereto, in connection with the initial public of 1,500,000 ordinary shares, par value $0.00000125 per share, of the Company (the “Ordinary Shares”) at an offering price of $4.00 per share (the “Public Offering Price”).
Pursuant to the Underwriting Agreement, the Company also granted the underwriters a 45-day option to purchase up to 225,000 Ordinary Shares at the Public Offering Price, less the underwriting discount, to cover over-allotment, if any (the “Over-Allotment Option”).
On March 7, 2025, the underwriters fully exercised the Over-Allotment Option to purchase an additional 225,000 Ordinary Shares. The Company received $713,500 in net proceeds from the exercise of the Over-Allotment Option, after deducting underwriting discounts and other estimated expenses payable by the Company. The closing of the Over-Allotment Option took place on March 11, 2025.
On March 11, 2025, the Company also issued the underwriters warrants to purchase up to 11,250 Ordinary Shares.
The Company issued a press release on March 11, 2025, announcing the closing of the Over-Allotment Option. Copy of the press release is attached hereto as Exhibit 99.1.
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EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press Release – Huachen AI Parking Management Technology Holding Co., Ltd Announces Full Exercise of the Underwriters’ Over-Allotment Option |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Huachen AI Parking Management Technology Holding Co., Ltd | ||
Date: March 11, 2025 | By: | /s/ Bin Lu |
Name: | Bin Lu | |
Title: | Chief Executive Officer |
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