01:52 PM EDT, 10/01/2024 (MT Newswires) -- ZJK Industrial ( ZJK ) said Tuesday it closed its initial public offering of 1.25 million ordinary shares at $5 apiece for gross proceeds of approximately $6.3 million.

The shares debuted on the Nasdaq Capital Market on Monday.

ZJK Industrial ( ZJK ) said it will use the offering's net proceeds to expand manufacturing, grow the North American sales network, for potential acquisitions or investments in fastener businesses, as well as for general corporate purposes and working capital.

Shares of the company were up 2.2% in recent trading.

Price: 5.11, Change: +0.11, Percent Change: +2.20