BeLive Holdings announces closing of approximately $10,000,000 initial public offering
BeLive Holdings (the "Company" or "BeLive"), a provider of live commerce and shoppable short videos solutions ("BeLive Solutions") to international retail companies and e-commerce marketplaces, today announced the closing of its initial public offering (the "Offering") of 2,450,000 ordinary shares (the "Ordinary Shares") at a public offering price of US$4.00 per share for total gross proceeds of US$9.8 million, before deducting underwriting discounts and other offering expenses. The Offering closed on April 7, 2025 and the Ordinary Shares began trading on Nasdaq Capital Market on April 4, 2025, under the ticker symbol "BLIV".
The Company has granted the underwriters an option, within 45 days from the date of the prospectus, to purchase up to an additional 367,500 Ordinary Shares at the public offering price, less underwriting discounts, to cover the over-allotment option, if any.
The Company intends to use the proceeds from this Offering for (i) advancing its video and live streaming technologies, artificial intelligence ("AI") and big data capabilities; (ii) solution development to expand and enhance its current solution offerings, as well as to develop new features and functionalities to continue to provide innovative value propositions to its customers; (iii) marketing and branding, including marketing and promotional activities to further expand its customer base and strengthen its brand; and (iv) general corporate purposes that are beneficial in developing the business and its strategic direction.
R.F. Lafferty & Co., Inc. ("R.F. Lafferty"), acted as sole book-running manager for the Offering. Schlueter & Associates, P.C. acted as U.S. counsel to the Company, and Lucosky Brookman LLP acted as U.S. counsel to R.F. Lafferty, in connection with the Offering.
A registration statement on Form F-1 (File No. 333-280739) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on March 31, 2025. The Offering was made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, from R.F. Lafferty, Attn: offerings@rflafferty.com or via standard mail to R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005. In addition, a copy of the final prospectus can also 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 shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these 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 any such state or jurisdiction.
