Initial Public Offering (IPO)
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Indigo Acquisition Corp. Announces Closing of Full Over-Allotment Option
Globenewswire· 2025-07-11 20:00
Group 1 - The Company, Indigo Acquisition Corp., has completed the sale of 1,500,000 units under the over-allotment option from its initial public offering, generating additional gross proceeds of $15,000,000 at a price of $10.00 per unit [1] - The Company's units are listed on the Nasdaq Global Market under the ticker symbol "INACU," with each unit consisting of one ordinary share and one right entitling the holder to receive one-tenth of one ordinary share upon completion of a business combination [1] - The Company is a Cayman exempt company formed as a blank check company, focusing on mergers and acquisitions with established, profitable companies that have growth potential [2] Group 2 - EarlyBirdCapital, Inc. served as the book-running manager for the offering, while IB Capital acted as co-manager [3] - A registration statement for the securities was filed with the SEC and declared effective on June 30, 2025 [4]
Happy City Holdings Limited Announced Partial Exercise of Underwriter's Over-Allotment Option
GlobeNewswire News Room· 2025-07-11 15:00
Core Viewpoint - Happy City Holdings Limited has successfully completed a partial exercise of its over-allotment option in its initial public offering, raising additional funds for business expansion and working capital [1][2]. Group 1: Offering Details - The underwriters exercised their over-allotment option to purchase an additional 112,000 Class A Ordinary Shares at a price of $5.00 per share, resulting in additional gross proceeds of $0.56 million [1]. - The total number of Class A Ordinary Shares sold in the offering increased to 1,212,000 shares, with total gross proceeds reaching $6.06 million before deductions [1]. - The Class A Ordinary Shares began trading on the Nasdaq Capital Market on June 24, 2025, under the symbol "HCHL" [1]. Group 2: Use of Proceeds - The company intends to utilize the net proceeds from the offering for business expansion in Hong Kong and Southeast Asia, as well as for working capital and general corporate purposes [1]. Group 3: Company Overview - Happy City Holdings Limited operates three all-you-can-eat hotpot restaurants in Hong Kong, offering mixed style, Shabu Shabu-style, and Thai-style specialty hotpot [5]. - The company emphasizes a strong commitment to food quality and aims to provide an immersive dining experience through its unique brand image and prime restaurant locations [5].
Happy City Holdings Limited Announced Partial Exercise of Underwriter’s Over-Allotment Option
Globenewswire· 2025-07-11 15:00
Core Viewpoint - Happy City Holdings Limited has successfully completed a partial exercise of its over-allotment option in its initial public offering, raising additional funds for business expansion and working capital [1][2]. Group 1: Offering Details - The underwriters exercised their over-allotment option to purchase an additional 112,000 Class A Ordinary Shares at a price of $5.00 per share, resulting in additional gross proceeds of $0.56 million [1]. - The total number of Class A Ordinary Shares sold in the offering increased to 1,212,000 shares, with total gross proceeds reaching $6.06 million before deductions [1]. - The Class A Ordinary Shares began trading on the Nasdaq Capital Market on June 24, 2025, under the symbol "HCHL" [1]. Group 2: Use of Proceeds - The company intends to utilize the net proceeds from the offering for business expansion in Hong Kong and Southeast Asia, as well as for working capital and general corporate purposes [1]. Group 3: Company Overview - Happy City Holdings Limited operates three all-you-can-eat hotpot restaurants in Hong Kong, offering mixed style, Shabu Shabu-style, and Thai-style specialty hotpot [5]. - The company emphasizes a strong commitment to food quality and aims to provide an immersive dining experience through its unique brand image and prime restaurant locations [5].
Orezone Lodges Prospectus to Raise A$75 Million as Part of ASX Listing
Globenewswire· 2025-07-11 10:30
Core Viewpoint - Orezone Gold Corporation is initiating an initial public offering (IPO) to raise A$75.0 million to support its listing on the Australian Securities Exchange (ASX) and fund its expansion projects at the Bomboré Mine [1][4]. Group 1: IPO Details - The company is offering 65,789,474 CHESS Depository Interests (CDIs) at an offer price of A$1.14 per CDI, aiming for gross proceeds of A$75.0 million [2]. - The offer opened on July 11, 2025, and is expected to close on July 21, 2025, with trading on the ASX anticipated to commence around August 8, 2025 [6]. - The offer price represents a 7.2% discount to Orezone's closing price of C$1.10 on the Toronto Stock Exchange (TSX) on July 9, 2025 [6]. Group 2: Underwriting and Management - Orezone has entered into an underwriting agreement with Canaccord Genuity (Australia) Limited, which will act as the lead manager, bookrunner, and underwriter for the offer [3]. - Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP, and BMO Capital Markets Corp. are appointed as co-managers for the offer [3]. Group 3: Use of Proceeds - The net proceeds from the offer will be allocated to the advancement of stage 2 of the hard rock expansion at the Bomboré Mine, including equipment procurement, engineering design, and construction [4]. - Ongoing exploration at the Bomboré Mine and general administration and working capital purposes will also be funded by the proceeds [4]. Group 4: Production Forecast - The first gold from the stage 1 hard rock plant is scheduled for Q4-2025, with production in 2026 expected to be between 170,000 to 185,000 ounces [4]. - The stage 2 expansion is projected to increase overall gold production at the Bomboré Mine to between 220,000 to 250,000 ounces per annum [4]. Group 5: Company Overview - Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its 90%-owned Bomboré Gold Mine in Burkina Faso, which achieved commercial production on December 1, 2022 [9]. - The company is led by an experienced team with a focus on social responsibility and sustainability, along with a proven track record in project construction and operations [9].
Ten-League International Holdings Limited Announces Closing of Initial Public Offering
Globenewswire· 2025-07-09 16:10
Core Viewpoint - Ten-League International Holdings Limited successfully closed its initial public offering, raising a total of US$6,431,360 by offering 2,240,000 ordinary shares at a price of US$4.00 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol "TLIH" [1][2]. Group 1: Offering Details - The offering consisted of 2,240,000 ordinary shares, with 1,607,840 shares offered by the Company and 632,160 shares by selling shareholders [1]. - The Company received gross proceeds of US$6,431,360 from the offering before deducting underwriting discounts and other expenses [1]. - Bancroft Capital, LLC acted as the sole underwriter for the offering, which was conducted on a firm commitment basis [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for several purposes, including expanding the Company's product offerings, improving automation processes, investing in equipment and technology, and pursuing strategic acquisitions [2]. - Additional uses of the proceeds include marketing and brand building, repayment of bank borrowing, and general working capital [2]. Group 3: Company Overview - Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions, primarily engaged in the sales and rental of heavy equipment, as well as engineering consultancy services for various industries [5]. - The Company's equipment is categorized into four types: foundation equipment, hoist equipment, excavation equipment, and port machinery [5]. - The mission of the Company is to deliver high-quality equipment and value-added engineering solutions while continuously adapting to new technologies [5].
Origin Investment Corp I Announces Closing of $60,000,000 Initial Public Offering
Globenewswire· 2025-07-03 21:05
Company Overview - Origin Investment Corp I is a newly organized special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities [5] - The company intends to focus its search for a target business in Asia, but will not consummate its initial business combination with an entity or business in China or with China operations consolidated through a variable interest entity structure [5] IPO Details - The company announced the closing of its initial public offering (IPO) of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one-half of one redeemable warrant [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "ORIQU" on July 2, 2025 [1] - Each whole warrant entitles the holder to purchase one ordinary share at a price of $11.50 per share, and the warrants will become exercisable 30 days after the completion of the company's initial business combination [1] - The company has granted underwriters a 45-day option to purchase up to 900,000 additional units at the IPO price to cover overallotments [1] Use of Proceeds - The net proceeds from the offering, along with the simultaneous private placement of units, will be used to pursue and consummate a business combination with one or more businesses [2] Regulatory Information - A registration statement on Form S-1 relating to the units was filed with the Securities and Exchange Commission (SEC) and became effective on July 1, 2025 [3] - The offering was made only by means of a prospectus, which is available on the SEC's website [3]
Empro Group Inc. Announces Closing of its Upsized $5.5 Million Initial Public Offering
Globenewswire· 2025-07-03 20:00
Core Points - Empro Group Inc. has successfully closed its initial public offering, raising approximately $5.5 million by offering 1,375,000 ordinary shares at $4.00 per share [1] - The shares began trading on the Nasdaq Capital Market under the ticker symbol "EMPG" on July 2, 2025 [1] - The underwriter, R.F. Lafferty & Co., Inc., has an option to purchase an additional 206,250 shares to cover over-allotments within 45 days [1] Company Overview - Empro Group Inc. is a beauty and personal care brand based in Malaysia, evolving from its origins in eyebrow embroidery to a trusted name in cosmetics, skincare, and healthcare [5] - The company aims to provide accessible, quality self-care solutions and has a growing presence in Southeast Asia and Europe [5]
NMP Acquisition Corp. Announces Closing of $100 Million Initial Public Offering
Globenewswire· 2025-07-02 18:44
Core Points - NMP Acquisition Corp. has successfully closed its initial public offering (IPO) of 10,000,000 units at a price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "NMPAU" on July 1, 2025, and the Class A ordinary shares and rights are expected to trade under the symbols "NMP" and "NMPAR" respectively once they begin separate trading [1] - Maxim Group LLC served as the sole book-running manager for the Offering and has been granted a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments [2] Company Overview - NMP Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), established to facilitate mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses [5]
GRANDE GROUP LIMITED ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING
Globenewswire· 2025-07-01 15:00
Core Viewpoint - Grande Group Limited has announced the pricing of its initial public offering (IPO) of 1,875,000 Class A ordinary shares at $5.00 per share, aiming to raise approximately $9.375 million before expenses [1][3]. Group 1: Offering Details - The Class A Ordinary Shares are set to begin trading on the Nasdaq Capital Market under the ticker symbol "GRAN" on July 1, 2025, with the offering expected to close on July 2, 2025, pending customary closing conditions [2]. - The company has granted underwriters a 45-day option to purchase an additional 281,250 Class A Ordinary Shares at the offering price, representing 15% of the shares sold in the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to strengthen the corporate finance advisory business, develop the asset management business, establish equity capital market services, and for general working capital purposes [4]. Group 3: Company Background - Grande Group Limited, through its subsidiary Grande Capital Limited, provides corporate finance advisory services and IPO sponsor services and is licensed by the Securities and Futures Commission of Hong Kong for regulated activities [8].
NMP Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering
Globenewswire· 2025-07-01 00:44
Company Overview - NMP Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [5]. Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 10,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1]. - Each right entitles the holder to receive one-fifth (1/5) of one Class A ordinary share upon consummation of the company's initial business combination [1]. - The offering is expected to close on July 2, 2025, subject to customary closing conditions [2]. - Maxim Group LLC is acting as the sole book-running manager for the offering and has been granted a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments [2]. Trust Account and Fund Management - $10.00 per unit will be deposited into a trust account, with up to $300,000 of interest earned on the funds potentially released to fund working capital requirements [1]. - The company may also withdraw interest earned on the trust to pay income and franchise taxes, if applicable [1]. Trading Information - The units are expected to trade on the Nasdaq Global Market under the ticker symbol "NMPAU" beginning on July 1, 2025 [1]. - Once the securities begin separate trading, the Class A ordinary shares and rights are expected to trade under the symbols "NMP" and "NMPAR," respectively [1]. Regulatory Compliance - A registration statement on Form S-1 relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission on June 30, 2025 [3]. - The offering is being made only by means of a prospectus, which can be obtained from Maxim Group LLC or accessed on the SEC's website [3].