Dreamland Limited Announces Closing of Initial Public Offering

Core Viewpoint - Dreamland Limited successfully closed its initial public offering, raising a total of US$5,360,000 through the sale of 2,000,000 Class A ordinary shares at a price of US$4.00 per share, with shares beginning to trade on the Nasdaq Capital Market under the ticker symbol "TDIC" [1][2]. Group 1: Offering Details - The Offering consisted of 2,000,000 Class A ordinary shares, with 1,340,000 shares offered by the Company and 660,000 shares by an existing shareholder [1]. - The Company did not receive proceeds from the shares sold by the Selling Shareholder or the Resale Shareholders [1]. - The Offering was conducted on a firm commitment basis, with Bancroft Capital, LLC serving as the sole managing underwriter [3]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated for acquiring multi-territorial IP licenses, establishing a ticketing platform, potential strategic acquisitions, and expanding the marketing and finance departments [2]. - Additional uses include upgrading the enterprise resource planning system, repaying loans made by a director related to the Offering, and general working capital [2]. Group 3: Company Overview - Dreamland Limited is an event management service provider based in Hong Kong, specializing in organizing and managing themed events for intellectual property owners of animated and live-action characters [6]. - The Company's mission is to effectively connect clients with their target audiences both locally and in international markets [6].