January 19, 2022
On January 13, 2022, Yoshitsu Co., Ltd (the “Company”), a retailer and wholesaler of Japanese beauty and health products, as well as other products in Japan, successfully closed its initial public offering (the “IPO”) of 6,250,000 American Depositary Shares (“ADSs”) at a price to the public of US$4.00 per ADS, which included 250,000 ADSs issued pursuant to the partial exercise of the underwriters’ over-allotment option. Each ADS represents one ordinary share of the Company. The Company received aggregate gross proceeds of US$25 million from the IPO, before deducting underwriting discounts and other related expenses.
The Company’s ADSs commenced trading on the Nasdaq Capital Market on January 18, 2022 under the ticker symbol “TKLF.”
Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the Company. HTFL is a boutique law firm specializing in corporate, commercial, and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.