Core Points - Fitness Champs Holdings Limited ("FCHL") has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share [1][2] - The company has a compliance period of 180 days, until May 5, 2026, to regain compliance with Nasdaq's listing requirements [2] - If compliance is not achieved within this period, the company may be eligible for an additional 180 days under certain conditions [2] - The notification does not result in immediate delisting, and shares will continue to trade under the symbol "FCHL" [3] - The company is actively evaluating options to regain compliance and intends to meet Nasdaq's requirements [3] Company Overview - Fitness Champs Holdings Limited is a prominent aquatic sports education provider in Singapore, offering swimming lessons and aquatic sports classes [4] - The company is one of the largest providers of swimming lessons to children in public schools through the SwimSafer program [4] - Fitness Champs aims to expand its offerings to include other sports, such as pickleball, to diversify its sports education services [4]

Core Viewpoint - Fitness Champs Holdings Limited has successfully completed its initial public offering, raising a total of US$8.0 million, which will be utilized for various strategic initiatives to enhance its operations and market presence [1][2]. Group 1: Offering Details - The initial public offering consisted of 3,750,000 ordinary shares priced at US$4.00 each, with 2,000,000 shares offered by the Company and 1,750,000 by selling shareholders [1]. - The shares began trading on the Nasdaq Capital Market under the ticker symbol "FCHL" on September 4, 2025 [1]. - The offering was conducted on a firm commitment basis, with Bancroft Capital, LLC serving as the lead managing underwriter [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to strengthen the coaching team through hiring and training [2]. - Funds will also be directed towards marketing and branding efforts, business development for vertical expansion in aquatic sports, and potential strategic acquisitions [2]. - Additional uses include repayment of loans from the controlling shareholder related to the offering costs and general working capital [2]. Group 3: Company Overview - Fitness Champs Holdings Limited is a prominent provider of aquatic sports education in Singapore, offering swimming lessons and aquatic sports classes [6]. - The Company is recognized as one of the largest providers of swimming lessons to children in public schools through the SwimSafer program [6]. - Future plans include diversifying into other sports education offerings, such as pickleball, to enhance its service portfolio [6].

Core Viewpoint - Fitness Champs Holdings Limited has announced the pricing of its initial public offering (IPO) of 3,750,000 ordinary shares at a public price of US$4.00 per share, aiming to raise US$8.0 million in gross proceeds [1][2]. Group 1: Offering Details - The IPO consists of 3,750,000 ordinary shares, with 2,000,000 shares offered by the Company and 1,750,000 shares by selling shareholders [1]. - The shares are approved for listing on the Nasdaq Capital Market and trading is expected to commence on September 4, 2025, under the ticker symbol "FCHL" [1]. - The Offering is expected to close on or about September 5, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated to strengthen the coaching team, marketing and branding, business development in aquatic sports, potential strategic acquisitions, repayment of loans from the controlling shareholder, and general working capital [2]. Group 3: Company Background - Fitness Champs Holdings Limited is a prominent aquatic sports education provider in Singapore, offering swimming lessons and aquatic sports classes [6]. - The Company is one of the largest providers of swimming lessons to children in public schools through the SwimSafer program and has been operating since 2012 [6]. - The Company's mission is to make swimming enjoyable and affordable for all, promoting water safety and fitness [6].