Etoiles Capital Group Co., Ltd Announces Closing of Initial Public Offering

Core Viewpoint - Etoiles Capital Group Co., Ltd has successfully closed its initial public offering, raising a total of US$5.6 million from the sale of 1,400,000 Class A Ordinary Shares at US$4.00 per share, with additional shares available for underwriters to purchase [1][2]. Group 1: Offering Details - The initial public offering consisted of 1,400,000 Class A Ordinary Shares priced at US$4.00 each, with an option for underwriters to purchase an additional 210,000 shares [1]. - The offering was conducted on a firm commitment basis, with Prime Number Capital, LLC serving as the representative underwriter and sole book-runner [3]. - The gross proceeds from the offering amounted to US$5.6 million before deducting underwriting discounts and related expenses [1][2]. 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: Regulatory and Legal Information - 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 August 7, 2025, and is available through various channels [4]. Group 4: Company Overview - Etoiles Capital Group operates as a Cayman Islands holding company through its Hong Kong subsidiary, providing integrated financial advisory, capital markets solutions, and IPO consulting services to corporate clients [7].