K-Tech Solutions Company Limited Announces Closing of US$6.4 million Initial Public Offering

Core Viewpoint - K-Tech Solutions Company Limited has successfully completed its initial public offering (IPO), raising a total of US$6.4 million by offering 1,600,000 Class A Shares at US$4.00 per share, with plans for future investments and expansion [1][4]. Group 1: IPO Details - The IPO was conducted on the NASDAQ Capital Market under the symbol "KMRK" starting July 16, 2025 [2]. - The underwriters have a 30-day option to purchase an additional 240,000 Class A Shares at the IPO price, and warrants to purchase 80,000 Class A Shares at 125% of the Offering Price [3]. Group 2: Use of Proceeds - The net proceeds from the IPO will be allocated towards potential investments or acquisitions of a factory in Vietnam or other Southeast Asian countries, recruitment of product designers and engineers, obtaining licensed rights to international intellectual property, working capital, and other general corporate purposes [4]. Group 3: Company Overview - K-Tech Solutions specializes in the design, development, testing, and sale of a diverse range of toy products, particularly focusing on infant and preschool educational toys and learning kits [8]. - The company has been operational since 2016 and has established relationships with customers primarily in Europe and North America, known for their renowned brands and intellectual properties in toy products [9].