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GRANDE GROUP LIMITED ANNOUNCES FULL EXERCISE OF UNDERWRITER’S OVER-ALLOTMENT OPTION
Globenewswire· 2025-07-14 15:35
Core Viewpoint - Grande Group Limited has successfully completed the over-allotment option of its initial public offering, raising additional funds to support its corporate finance advisory and asset management services [1][2]. Group 1: Offering Details - The over-allotment option allowed the underwriter to purchase an additional 281,250 Class A ordinary shares at a public offering price of US$5.00 per share, resulting in gross proceeds of US$1,406,250 [1][2]. - The total gross proceeds from the initial public offering increased to approximately US$10.78 million before deducting underwriting discounts and other offering expenses [2]. Group 2: Use of Proceeds - The company plans to utilize the net proceeds from the offering to strengthen its corporate finance advisory business, develop its asset management business, establish equity capital market services, and for general working capital purposes [3]. Group 3: Legal and Regulatory Framework - The offering was conducted on a firm commitment basis, with Cathay Securities, Inc. serving as the underwriter and various legal counsels involved for compliance with U.S. and Hong Kong regulations [4][5]. - The offering was made under the company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on June 30, 2025 [5]. Group 4: Company Overview - 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 [7].
GRANDE GROUP LIMITED ANNOUNCES FULL EXERCISE OF UNDERWRITER'S OVER-ALLOTMENT OPTION
GlobeNewswire News Room· 2025-07-14 15:35
Core Viewpoint - Grande Group Limited has successfully completed the over-allotment option of its initial public offering, raising additional funds to support its corporate finance advisory and asset management services [1][2]. Group 1: Offering Details - The over-allotment option allowed the underwriter to purchase an additional 281,250 Class A ordinary shares at a price of US$5.00 per share, resulting in gross proceeds of US$1,406,250 [1][2]. - The total gross proceeds from the initial public offering increased to approximately US$10.78 million before deducting underwriting discounts and other expenses [2]. Group 2: Use of Proceeds - The company plans to utilize the net proceeds from the offering to strengthen its corporate finance advisory business, develop its asset management business, establish equity capital market services, and for general working capital purposes [3]. Group 3: Company Background - Grande Group Limited, through its subsidiary Grande Capital Limited, is a Hong Kong-based financial services provider focused on corporate finance advisory and IPO sponsor services [7]. - Grande Capital Limited is licensed by the Securities and Futures Commission of Hong Kong to engage in regulated activities related to dealing in securities and advising on corporate finance [7].
GRANDE GROUP LIMITED ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
Globenewswire· 2025-07-02 15:30
Core Viewpoint - Grande Group Limited has successfully closed its initial public offering, raising approximately US$9.375 million through the sale of 1,875,000 Class A ordinary shares at a price of $5.00 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol "GRAN" [1][2]. Group 1: Offering Details - The initial public offering consisted of 1,875,000 Class A ordinary shares priced at $5.00 each, resulting in gross proceeds of approximately US$9.375 million before expenses [1][2]. - The underwriters have a 45-day option to purchase an additional 281,250 Class A ordinary shares, representing 15% of the shares sold in the offering [2]. 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 [3]. 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 [7].
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].