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Grande Group Limited Announces Financial Results for the First Half of Fiscal Year 2026
Globenewswire· 2025-12-12 21:30
Core Viewpoint - GRANDE GROUP LIMITED reported a significant decline in financial performance for the first half of fiscal year 2026, with an 83.2% decrease in revenue compared to the same period in the previous year, leading to a net loss of $1,481,318 [1][9]. Financial Results - Revenue for the six months ended September 30, 2025, was $293,929, down from $1,750,043 in the same period of 2024, primarily due to reduced IPO sponsorship and advisory services [2][3]. - Cost of revenue decreased by 32.57% to $336,543 from $499,092, attributed to lower staff and project-related costs, with a headcount reduction from 20 to 18 [2][4]. - General and administrative expenses rose by 61.8% to $1,158,751 from $716,183, mainly due to one-time bonuses and increased travel expenses [2][6]. - The company recognized an unrealized loss on equity securities of $370,666, compared to no such loss in the previous year [2][7]. - There was no provision for income taxes in the first half of 2026, a change from an expense of $97,248 in the prior year, due to the shift from profit to loss [2][8]. - The net loss of $1,481,318 marked a significant decline from a net income of $442,832 in the same period of 2024, driven by decreased revenue and increased expenses [2][9]. Cash Flow - Net cash provided by operating activities was $264,397, down from $331,322 in the previous year, influenced by the transition from net income to net loss [10]. - Net cash used in investing activities was $550,000, reflecting a new investment in equity securities [11]. - Net cash provided by financing activities was $9,696,399, a substantial increase from a net cash outflow of $1,010,715 in the prior year, primarily due to proceeds from the IPO [12][13]. Recent Events - The company completed its initial public offering on July 2, 2025, raising gross proceeds of $10.78 million by issuing 1,875,000 Class A ordinary shares at $5.00 each [14]. - On October 1, 2025, GRANDE GROUP entered into an agreement to acquire Proplus Company Limited for approximately $10 million, expanding its service offerings [15].
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].