Summary by Futu AI
Amped Sports Goods Limited (AMPD Sports) announced on January 22, 2024 that its joint venture Amer Sports has filed an amendment to the registration statement of proposed listing with the U.S. Securities and Exchange Commission (SEC). The revision includes Amer Sports' preliminary results for the year ended December 31, 2023, which showed revenue growth of approximately 22.7% to 23.0% over the same period last year, and net loss decreased 7.4% to 19.3%, and adjusted EBITDA grew 31.8% to 34.0%. However, these preliminary estimated financial data have not yet been audited and the final results may vary. Anped Sports and related entities of the two other existing shareholders announced their intention to purchase Amer Sports ordinary shares at an initial public offering price for a total amount of not more than US$2.2 million. IN ADDITION, AMPED SPORTS REMINDS SHAREHOLDERS AND POTENTIAL INVESTORS THAT THERE ARE UNCERTAINTIES ABOUT THE COMPLETION OF THE PROPOSED LISTING AND POTENTIAL CORNERSTONE INVESTMENTS AND ADVISES TO EXERCISE CAUTION WHEN BUYING AND SELLING COMPANY SECURITIES.