LAKE FOREST, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (Nasdaq: ZBAI) (the 'Company”), a Lake Forest-based business consulting company that specializes in providing professional IPO, M&A advisory and post-IPO compliance services to small and medium-sized companies seeking to go public on a stock exchange in the United States, today announced that it has entered into definitive agreements with an institutional investor for the purchase and sale of its ordinary shares, par value $0.001 per share ('Ordinary Shares”) and pre-funded warrants to purchase Ordinary Shares (each, a 'Pre-Funded Warrant”) in a registered direct offering. In a concurrent private placement, the Company also agreed to sell to the same investor warrants to purchase Ordinary Shares (the 'Warrants”). Aggregate gross proceeds to the Company from both transactions are expected to be approximately $2.5 million.