Republic Power Group Limited Announces Closing of Initial Public Offering

Core Points - Republic Power Group Limited has successfully closed its initial public offering, raising a total of US$5.0 million from the sale of 2,120,000 Class A ordinary shares at a price of US$4.00 per share [1] - The shares began trading on the Nasdaq Capital Market under the ticker symbol "RPGL" on October 14, 2025 [1] - The net proceeds from the offering will be allocated towards research and development, marketing, recruitment, and potential acquisitions [2] Offering Details - The offering consisted of 1,250,000 shares offered by the company and 870,000 shares by selling shareholders [1] - Bancroft Capital, LLC served as the lead managing underwriter for the offering [3] - A registration statement related to the offering was filed with the SEC and declared effective on September 30, 2025 [4] Company Overview - Republic Power Group Limited specializes in customized enterprise resource planning software solutions, consulting, technical support services, and peripheral hardware [6] - The company serves a diverse clientele, including large corporations and government agencies in Singapore and Malaysia [6]