Intelligent Living Application Group Incorporation ( (ILAG) ) has shared an update.
On February 25, 2025, Intelligent Living Application Group Inc. announced a public offering of 1,034,483 ordinary shares at $0.58 per share, resulting in gross proceeds of approximately $600,000. The offering, managed by Craft Capital Management LLC, closed on February 27, 2025, and the proceeds will be used for general corporate purposes, capital expenditures, and working capital. This strategic move is expected to bolster the company’s financial position and support its ongoing expansion efforts in the lockset industry.
More about Intelligent Living Application Group Incorporation
Intelligent Living Application Group Inc. is a premium lockset manufacturer and distributor based in Hong Kong. The company specializes in producing high-quality mechanical locksets, primarily serving customers in the United States and Canada. With over 40 years in the industry, Intelligent Living has diversified its product offerings, including the development of smart locks, and holds various quality certifications such as ISO9001 and ANSI standards.
YTD Price Performance: -37.08%
Average Trading Volume: 31,817
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on ILAG stock on TipRanks’ Stock Analysis page.