Core Points - Ten-League International Holdings Limited received a deficiency letter from Nasdaq due to its ordinary shares not meeting the minimum bid price requirement of $1.00 per share over a 30-day period [1][2] - The company has a compliance period of 180 calendar days, until March 9, 2026, to regain compliance by achieving a closing bid price of $1.00 for at least 10 consecutive business days [2][3] - If compliance is not regained within the initial period, the company may be eligible for an additional 180-day compliance period under certain conditions [3][4] Company Overview - Ten-League International Holdings Limited is based in Singapore and provides turnkey project solutions, primarily in heavy equipment sales, rental, and engineering consultancy services for various industries [6] - The company's equipment is categorized into four types: foundation equipment, hoist equipment, excavation equipment, and port machinery [6] - The mission of the company is to deliver high-quality equipment and engineering solutions while continuously adapting to new technologies [6]

Core Viewpoint - Ten-League International Holdings Limited has announced the pricing of its initial public offering (IPO) of 2,240,000 ordinary shares at a price of US$4.00 per share, with expected gross proceeds of US$6,431,360 before expenses [1][2]. Group 1: Offering Details - The IPO consists of 1,607,840 shares offered by the Company and 632,160 shares by selling shareholders [1]. - The shares are approved for listing on the Nasdaq Capital Market under the ticker symbol "TLIH" and are expected to commence trading on July 08, 2025 [1]. - The Offering is expected to close on or about July 09, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated for several purposes, including expanding the Company's product offering, improving automation processes, investing in equipment and technology, strategic acquisitions, marketing, repayment of bank borrowing, and general corporate purposes [2]. Group 3: Company Overview - Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions, primarily engaged in sales and rental of heavy equipment, and engineering consultancy services for various industries [6]. - The Company's equipment is categorized into four types: foundation equipment, hoist equipment, excavation equipment, and port machinery [6]. - The mission of the Company is to deliver high-quality equipment and value-added engineering solutions while continuously adapting to new technologies [6].