Phaos Technology Holdings (Cayman) Limited Announces Closing of the Sale of the Option Shares

Core Viewpoint - Phaos Technology Holdings has successfully closed an offering of 405,500 class A ordinary shares, raising gross proceeds of US$1.62 million, following the full exercise of the over-allotment option by Network 1 Financial Securities [1][2]. Group 1: Offering Details - The offering was conducted under the Company's registration statement on Form F-1, which became effective on November 11, 2025 [3]. - A final prospectus related to the offering was filed with the SEC on November 13, 2025, and is available on the SEC's website [3]. Group 2: Company Overview - Phaos Technology Holdings is an advanced microscopy technology company based in Singapore, focusing on delivering innovative microscopy products and software solutions powered by artificial intelligence for various sectors, including manufacturing, biomedical, and research [5].