Vantage Corp Announces Full Exercise of Underwriters’ Over-Allotment Option in Connection with its Initial Public Offering

Core Viewpoint - Vantage Corp successfully completed its initial public offering (IPO), raising a total of $14,950,000 after the underwriter exercised the over-allotment option for additional shares at $4.00 each [1][2]. Company Overview - Vantage Corp, founded in 2012, specializes in shipbroking services, providing brokerage, consultancy, and operational support in the tanker market, including clean and dirty petroleum products, biofuels, and vegetable oils [7]. - The company operates in key locations such as Singapore and Dubai, acting as an intermediary between oil companies, traders, shipowners, and commercial managers [7]. IPO Details - The IPO involved the sale of 3,737,500 Class A Ordinary Shares, with the offering price set at $4.00 per share [2]. - The offering was conducted under a registration statement filed with the U.S. Securities and Exchange Commission (SEC), which became effective on June 11, 2025 [4]. - Network 1 Financial Securities, Inc. served as the sole managing underwriter for the offering [3].