STFS News & Events

Star Fashion Culture files $300M mixed securities shelf

Star Fashion Culture announced that on October 6, 2025, the company received a letter from the Listing Qualifications staff of The Nasdaq Stock Market notifying the Company that based on the closing bid price of the Company for the period from August 20, 2025 to October 3, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. Nasdaq has provided the Company with an 180 calendar days compliance period, or until April 6, 2026, in which to regain compliance with Nasdaq continued listing requirement.

Star Fashion Culture announced the pricing of its best efforts public offering of 20,000,000 Class A Ordinary Shares, $0.00001 par value per share, at a public offering price of $0.40 par value per share. Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be $8M. The offering is expected to close on July 7, subject to customary closing conditions. WestPark Capital acted as a placement agent in connection with this offering.

WestPark Capital has been retained to act as the representative of the underwriters in connection with this offering.