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].

Group 1 - The U.S. IPO market saw two small IPOs and three SPACs listed last week, with five IPOs and four SPACs filing initial applications [1][2] - Off The Hook YS (OTH) priced its reduced IPO at the lower end of the range, raising $15 million with a market cap of $95 million, but its stock fell by 8% [1] - Phaos Technology (POAS) also priced its IPO at the lower end, raising $14 million with a market cap of $114 million, and its stock remained flat [1] Group 2 - Three SPACs completed pricing last week: Alussa Energy Acquisition II (ALUB.U) raised $250 million targeting energy and power infrastructure, Evolution Global Acquisition (EVOXU) raised $210 million focusing on critical minerals, and Blueport Acquisition (BPACU) raised $50 million [2] - Five companies filed for IPOs last week, including Klook (KLK) seeking $400 million, Grayscale (GRAY) aiming for $100 million, and Reed's (REED) targeting $10 million [2][4] Group 3 - Upcoming IPOs include Central Bancompany (CBC) planning to raise $400 million with a market cap of $5.365 billion, and Gloo Holdings (GLOO) aiming for $100 million with a market cap of $801 million [5][7] - Regentis Biomaterials (RGNT) plans to raise $11 million with a market cap of $62 million, focusing on a hydrogel implant for knee cartilage pain [6][7]

Core Points - The longest government shutdown in U.S. history ended on November 12, allowing companies to re-enter the capital markets [1] - Three new IPOs were launched the day after the shutdown ended, raising a total of $280 million [1] Company Summaries Phaos Technology (POAS) - Phaos Technology opened at $3.7 per share, down 7.5% from the offering price, and closed at $3.85, a decline of 3.75%, with a total market capitalization of $10.9 million [1][3] - The company issued 3.6 million shares at $4 each, raising $14.4 million, with plans to use the funds for marketing, product development, and general operating expenses [3] - Phaos Technology specializes in advanced microscopy solutions for industries such as manufacturing, biomedical, and semiconductors, with projected revenue of $130,000 and a net loss of $3.93 million for the fiscal year ending April 30, 2025 [3] Off The Hook (OTH) - Off The Hook opened at $3.5 per share, down 12.5%, and closed at $3.8, a decline of 5%, with a total market capitalization of $9.5 million [1][5] - The company issued 3.75 million shares at $4 each, raising $15 million, with plans to allocate the funds for advertising, marketing, acquisitions, and general operating expenses [5] - Off The Hook is a yacht retailer that sells boats and provides related services, with projected revenue of $58.59 million and a net profit of $840,000 for the first half of 2025 [5] Alussa Energy Acquisition II (ALUBU) - Alussa Energy Acquisition II is a special purpose acquisition company that raised $250 million by issuing 2,500 units at $10 each [1][6] - The company focuses on energy and power infrastructure, particularly companies related to the transition to renewable energy [6]

Core Viewpoint - Phaos Technology Holdings (Cayman) Limited has announced the pricing of its initial public offering (IPO) of 3,600,090 class A ordinary shares at a price of US$4.00 per share, aiming to raise a total of $10.8 million in gross proceeds from the offering [1][2]. Offering Details - The company is offering 2,700,000 class A ordinary shares, which will generate gross proceeds of $10,800,000 before deducting underwriting discounts and expenses [1]. - Certain selling shareholders are offering an additional 900,090 class A ordinary shares, from which the company will not receive any proceeds [1]. - The underwriters have been granted a 45-day option to purchase up to an additional 405,000 class A ordinary shares to cover over-allotments, representing 15% of the shares sold in the offering [2]. Trading Information - The shares are expected to begin trading on the NYSE American under the ticker symbol "POAS" on November 13, 2025, with the offering expected to close on November 14, 2025, subject to customary closing conditions [3]. Legal and Regulatory Framework - The offering is being conducted under the company's registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission (SEC) on July 31, 2025 [5]. - The company has filed post-effective amendments to the F-1 registration statement, with the latest amendment becoming effective on November 11, 2025 [5]. Company Overview - Phaos Technology Holdings is a leader in advanced microscopy technology, focusing on delivering innovative microscopy products and software solutions powered by artificial intelligence for various sectors, including manufacturing, biomedical, and research [7].