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THE GROWHUB LIMITED Announces Closing of $15 Million Initial Public Offering
Prnewswireยท 2025-08-29 15:00
Company Overview - The GrowHub Limited is a Singapore-based company that specializes in enhancing product traceability and authenticity within supply chains through its proprietary blockchain technology platform [5] - The company offers solutions such as blockchain traceability, anti-counterfeit measures, and carbon management to promote transparency and sustainability [5] - GrowHub's business comprises three main divisions: the GrowHub Platform, product trading facilitation, and IT professional services [5] Initial Public Offering (IPO) Details - GrowHub announced the closing of its initial public offering of 3,750,000 Class A Ordinary Shares at a price of $4.00 per share, resulting in total gross proceeds of $15 million before deductions [1] - The shares began trading on the NASDAQ Stock Market under the ticker symbol "TGHL" on August 28, 2025 [1] - The offering was conducted pursuant to the company's registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 25, 2025 [3] Underwriting and Legal Counsel - Alexander Capital acted as the lead book-running manager for the offering, with Network 1 Financial Securities serving as a co-underwriter [2] - Loeb & Loeb LLP is the U.S. legal counsel for the company, while Akerman LLP is the U.S. legal counsel for Alexander Capital [2]