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707 Cayman Holdings Limited Announces Pricing of $10.0 Million Initial Public Offering
Globenewswireยท 2025-06-09 14:41
Company Overview - 707 Cayman Holdings Limited is a Hong Kong-based company that specializes in selling quality apparel products and providing comprehensive supply chain management solutions to customers across Western Europe, North America, and the Middle East [5]. Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 2,500,000 ordinary shares at a public offering price of $4.00 per share, aiming for total gross proceeds of $10.0 million before deducting underwriting discounts and offering expenses [1]. - The offering consists of 1,750,000 shares from the company and 750,000 shares from a selling shareholder, with the company not receiving any proceeds from the shares sold by the selling shareholder [1]. Trading and Underwriting Information - The shares are scheduled to begin trading on the Nasdaq Capital Market under the ticker symbol "JEM" on June 9, 2025, with the offering expected to close on or about June 10, 2025, subject to customary closing conditions [2]. - Bancroft Capital, LLC is acting as the sole underwriter for the offering, while Troy Gould PC and Sichenzia Ross Ference Carmel LLP are serving as U.S. legal counsel for the company and the underwriter, respectively [2]. Regulatory Compliance - The offering is being conducted under the company's registration statement on Form F-1, which was filed with the U.S. Securities and Exchange Commission and declared effective on June 9, 2025 [3]. - The securities are being offered only by means of a prospectus, with electronic copies available on the SEC's website [3].