$Huadi International (HUDI.US)$ Huadi International Group Co...

Seand : We have agreed to give our underwriters, Craft Capital Management LLC and R.F. Lafferty & Co. Inc. (collectively the “Representatives”), a discount equal to seven and half percent (7.5%) of the gross proceeds from the sales of securities in the Public Offering (the “Public Offering Price”) as well as warrants equal to six percent (6%) of the shares issued in the Offering (the “Representative Warrants”). The Representative Warrants will be exercisable at any time, and from time to time, in whole or in part, during the period commencing 180 days from the effective date of the offering, which period shall not extend further than four and one-half year years from the effective date of the registration statement in compliance with FINRA Rule 5110(f)(2)(G)(i). The Representative Warrants are exercisable at a per share price of $10.00, which is 125% of the Public Offering Price. The Representative Warrants are also exercisable on a cashless basis. We have also agreed to pay the Representatives a non-accountable expense allowance of $100,000 payable at the closing of the Offering.  We also have agreed to reimburse the Representatives for certain of their out-of-pocket expenses up to $170,000. See “Underwriting” for a description of these arrangements.

Seand : looks like this is a bought deal at $8 less discount for the underwriter, however, they have free warrants with strike price of $10. warrant is not excercisable until 180 days from the IPO date.

70210658 : Go, Waldy! I'm optimistic about you!