Sichenzia Ross Ference LLP Represents Network 1 Financial Securities, Inc. in $20.24 Million Initial Public Offering of Common Stock of Golden Sun Education Group Ltd.
Press Release – New York, NY – June 24, 2022 – Sichenzia Ross Ference LLP announced today that it represented Network 1 Financial Securities, Inc. as sole underwriter in the initial public offering of the common stock of Golden Sun Education Group Ltd. (NASDAQ: GSUN), a provider of tutorial services in China. The offering consisted of 5,060,000 Class A ordinary shares of its common stock at a public offering price of $4.00 per share, which included 660,000 Class A ordinary shares issued pursuant to the full exercise of the underwriter’s over-allotment option, for gross proceeds of $20,240,000.
The Sichenzia Ross Ference LLP team was led by partners David Manno, Huan Lou, and associate Mayank Pradhan.
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Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations. The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation. Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies. The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA). These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct. Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records. The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.
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