TryHard Holdings Limited Announces Closing of Initial Public Offering

Core Viewpoint - TryHard Holdings Limited has successfully completed its initial public offering, raising approximately $7 million through the sale of 1,525,000 ordinary shares at a price of $4.00 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol "THH" [1][3]. Group 1: Offering Details - The offering included 1,067,500 shares from the company and 457,500 shares from selling shareholders, with the company not receiving proceeds from the latter [1]. - Underwriters were granted a 45-day option to purchase an additional 228,750 shares to cover over-allotments, which was fully exercised [2]. - The company received net proceeds of approximately $2.7 million after deducting discounts and expenses, which includes proceeds from the over-allotment option [3]. Group 2: Use of Proceeds - The proceeds from the offering are intended for business development and marketing, strategic acquisitions or joint ventures, and general corporate purposes [3]. Group 3: Company Overview - TryHard Holdings Limited is a lifestyle entertainment company in Japan, focusing on event curation, consultancy and management services, sub-leasing of entertainment venues, and restaurant operations [7]. - The company aims to redefine the entertainment landscape by merging creativity, technology, and hospitality expertise, with a commitment to innovation and customer satisfaction [8].