Group 1 - Agencia Comercial Spirits Ltd, a Taiwan-based importer and distributor of high-quality whiskies, announced the full exercise of the underwriters' over-allotment option, resulting in the purchase of an additional 262,500 Class A ordinary shares at a price of US$4.00 per share, generating additional gross proceeds of US$1.05 million [1][2] - The initial public offering (IPO) included 1,750,000 Class A ordinary shares for gross proceeds of US$7 million, increasing the total offering to 2,012,500 shares and total gross proceeds to US$8.05 million after the over-allotment [2] - The Class A ordinary shares commenced trading on The Nasdaq Capital Market under the ticker symbol "AGCC" on October 22, 2025 [3] Group 2 - The company plans to utilize the net proceeds from the offering for several strategic initiatives, including expanding its supplier network, increasing bottling and packaging capacity, enhancing warehouse facilities, implementing marketing initiatives, and general corporate purposes [4] - Agencia operates in three business areas: procurement and distribution of bottled whisky, procurement and distribution of raw cask whisky, and cask-to-bottle & distribution business, allowing it to cater to diverse consumer preferences [8]
AGENCIA COMERCIAL SPIRITS LTD Announces Full Exercise of the Underwriters' Over-Allotment Option to Purchase Additional Shares, Increasing Gross Proceeds to US$8.05 Million
Globenewswire·2025-10-31 20:05