Core Viewpoint - Etoiles Capital Group Co., Ltd has successfully priced its initial public offering (IPO) of 1,400,000 Class A ordinary shares at $4.00 per share, aiming to raise approximately $5.6 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The IPO is set to commence trading on the Nasdaq Capital Market under the ticker symbol "EFTY" on August 8, 2025 [1]. - The company has granted underwriters a 45-day option to purchase an additional 210,000 Class A ordinary shares at the public offering price [1]. - The expected closing date for the Offering is around August 11, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated towards business expansion, technology infrastructure, strategic marketing, and general corporate purposes [2]. Group 3: Underwriting and Legal Counsel - The Offering was conducted on a firm commitment basis, with Prime Number Capital, LLC serving as the representative underwriter and sole book-runner [3]. - Legal counsel for the company includes Loeb & Loeb LLP for U.S. matters and Ogier for Cayman Islands matters, while Ye & Associates, P.C. provided counsel to the underwriting syndicate [3]. Group 4: Regulatory Filings - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on August 7, 2025 [4]. - The final prospectus related to the Offering was also filed with the SEC on the same date and is available through various channels [4]. Group 5: Company Overview - Etoiles Capital Group Co., Ltd is a Cayman Islands holding company operating through its Hong Kong subsidiary, Etoiles Consultancy Limited, providing comprehensive financial advisory and capital markets services [7].
Etoiles Capital Group Co., Ltd Announces Pricing of US$5.6 million Initial Public Offering
Globenewswireยท2025-08-07 22:36