Core Viewpoint - Texxon Holding Limited successfully completed its initial public offering, raising a total of $10,925,000, including the exercise of an over-allotment option for 285,000 shares at $5.00 each, with shares trading on Nasdaq under the ticker symbol "NPT" since October 22, 2025 [1]. Company Overview - Texxon Holding Limited is a prominent provider of supply chain management services in the plastics and chemical industries in East China, aiming to create the largest one-stop platform for raw material supply chain management in China [4]. - The company offers a comprehensive range of services to small and medium-sized enterprises (SMEs) in China, including procurement, shipping and logistics, payments, and fulfillment services [4]. - Texxon utilizes a technology-enabled platform and has developed a scalable software architecture to enhance customer experience and streamline the procurement process [4]. - With over a decade of experience, the company has accumulated significant transaction data, which aids in analyzing price trends and market demands [4]. Offering Details - The registration statement for the offering was filed with the SEC and declared effective on September 30, 2025, with the offering conducted on a firm commitment basis [2]. - The final prospectus related to the offering can be obtained from D. Boral Capital LLC or via the SEC's website [2].

Core Viewpoint - Texxon Holding Limited successfully closed its initial public offering, raising US$9.5 million by offering 1,900,000 ordinary shares at US$5.00 each, with trading commencing on the Nasdaq Capital Market under the ticker symbol "NPT" [1] Group 1: Offering Details - The offering included an over-allotment option for underwriters to purchase an additional 285,000 ordinary shares at the public offering price [1] - The offering was conducted on a firm commitment basis, with D. Boral Capital LLC serving as the sole book-running manager [3] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to the construction of a polystyrene manufacturing factory in Henan Province, China, including production lines and storage facilities [2] - Funds will also be used to update the supply chain management platform and for working capital [2] Group 3: Company Overview - Texxon Holding Limited is a leading provider of supply chain management services in the plastics and chemical industries in East China, aiming to create the largest one-stop supply chain management platform for raw materials [6] - The company utilizes a technology-enabled platform to offer a full range of services to small and medium-sized enterprises (SMEs) in China, enhancing convenience and efficiency in the procurement process [6] - With over a decade of experience, Texxon has accumulated substantial transaction data to analyze market trends and make informed decisions [6]

Core Viewpoint - Texxon Holding Limited is pricing its initial public offering (IPO) of 1,900,000 ordinary shares at US$5.00 per share, aiming to raise approximately US$9.5 million before expenses, with trading expected to commence on October 22, 2025 under the ticker symbol "NPT" [1] Group 1: Offering Details - The IPO will provide gross proceeds of US$9.5 million, with an over-allotment option for underwriters to purchase an additional 285,000 shares [1] - The Offering is expected to close on or about October 23, 2025, pending customary closing conditions [1] Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to the construction of a polystyrene manufacturing factory in Henan Province, China, including production lines and supporting infrastructure [2] - Funds will also be used to update the supply chain management platform and for working capital [2] Group 3: Company Overview - Texxon Holding Limited is a leading provider of supply chain management services in the plastics and chemical industries in East China, focusing on technology-enabled solutions for small and medium-sized enterprises (SMEs) [6] - The company aims to create the largest one-stop supply chain management platform for plastic and chemical raw materials in China, enhancing efficiency and cost-effectiveness for customers [6] - With over a decade of experience, Texxon has developed a scalable software architecture and a robust User Experience Design process to improve customer interactions and decision-making based on substantial transaction data [6]