Latest news with #BancroftCapital
Business Insider
5 days ago
- Business
- Business Insider
Synergy CHC files to sell 1.28M shares of common stock
Bancroft Capital is acting as sole bookrunner for the offering. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Associated Press
09-07-2025
- Business
- Associated Press
Ten-League International Holdings Limited Announces Closing of Initial Public Offering
SINGAPORE, July 09, 2025 (GLOBE NEWSWIRE) -- Ten-League International Holdings Limited (Nasdaq: TLIH) (the 'Company' or 'Ten-League'), a Singapore-based provider of turnkey project solutions, today announced the closing of its initial public offering (the 'Offering') of 2,240,000 ordinary shares, 1,607,840 of which were offered by the Company and 632,160 by selling shareholders, at a public offering price of US$4.00 per ordinary share. The ordinary shares began trading on the Nasdaq Capital Market on July 08, 2025 under the ticker symbol 'TLIH.' The Company received aggregate gross proceeds of US$6,431,360 from the Offering, before deducting underwriting discounts and other related expenses. Proceeds from the Offering will be used for: (i) expanding the Company's product offering; (ii) improving the Company's automation process and investing in equipment and technology; (iii) expanding through strategic targeted acquisitions and investments; (iv) marketing and brand building; (v) repayment of bank borrowing, and (vi) working capital and other general corporate purposes. The Offering was conducted on a firm commitment basis. Bancroft Capital, LLC acted as the sole underwriter for the Offering. A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the 'SEC') (File Number: 333-275240), as amended, and was declared effective by the SEC on June 30, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering, may be obtained from Bancroft Capital, LLC by email at [email protected], by standard mail to 501 Office Center Drive, Suite 130, Fort Washington, PA 19034, or by telephone at +1 (484) 546-8000. In addition, copies of the final prospectus relating to the Offering, when available, may be obtained via the SEC's website at This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About Ten-League International Holdings Limited Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions. The Company's business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. The equipment is organized into four categories based on their functions and application scenarios: foundation equipment, hoist equipment, excavation equipment and port machinery. The Company also provides value-added engineering solutions under engineering consultancy services with the aim to address potential safety issues, enhance reliability and productivity and allow for customers to evaluate the performance of the equipment, the quality of the work completed and the progress of their projects. Ten-League's mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair through continuous adaptation and application of new technologies. For more information, please visit the Company's website: Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as 'believe', 'plan', 'expect', 'intend', 'should', 'seek', 'estimate', 'will', 'aim' and 'anticipate' or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. For more information, please contact: Ten-League International Holdings Limited Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1 646-932-7242 Email: [email protected]
Yahoo
10-06-2025
- Business
- Yahoo
707 Cayman Holdings Limited Announces Closing of $10.0 Million Initial Public Offering
HONG KONG, June 10, 2025 (GLOBE NEWSWIRE) -- 707 Cayman Holdings Limited ('707' or the 'Company') (Nasdaq: JEM), a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions, today announced the closing of its previously announced initial public offering (the 'Offering') of an aggregate 2,500,000 ordinary shares at a public offering price of $4.00 per share for total gross proceeds of $10.0 million, before deducting underwriting discounts and offering expenses. The Company sold 1,750,000 ordinary shares and selling shareholders sold an aggregate of 750,000 ordinary shares. The Company did not receive any proceeds from the sale of shares by the selling shareholders. The shares began trading on the Nasdaq Capital Market on June 9, 2025, under the ticker symbol 'JEM.' The Company received aggregate net proceeds of approximately $5.2 million, after deducting discounts, expenses and expense allocations. The Company plans to use proceeds of the Offering for (i) potential acquisitions of brands and/or licensing of new brands for distribution and sale; (ii) branding and marketing; (iii) hiring additional staff and building its sales and marketing team; (iv) revamping its website and building a new mobile app; (v) digitalization of systems through investment in software such as enterprise resource planning and human resource management; (vi) repayment of interest free loans, and (vii) for working capital and general corporate purposes. Bancroft Capital, LLC acted as sole underwriter for the Offering. Troy Gould PC acted as U.S. legal counsel to the Company, and Sichenzia Ross Ference Carmel LLP acted as U.S. legal counsel to Bancroft Capital, LLC. This Offering was being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-281949), which was filed with the United States Securities and Exchange Commission (the 'SEC') and was declared effective on June 9, 2025. The Offering of the securities was made only by means of a prospectus forming part of the registration statement. Electronic copies of the final prospectus relating to the Offering may be obtained by visiting the SEC's website located at or by contacting Bancroft Capital, LLC, 501 Office Center Drive, Suite 130, Fort Washington, PA 19034, Attention: Jason Diamond or email: investmentbanking@ or by telephone at 484-546-8000. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About 707 Cayman Holdings Limited 707 Cayman Holdings Limited is a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide. Safe Harbor Statement This press release contains forward-looking statements that reflect our current expectations and views of future events, including but not limited to, the Company's proposed Offering. Known and unknown risks, uncertainties and other factors, including those listed under 'Risk Factors,' may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'is/are likely to,' 'potential,' 'continue' or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements. Contact: 707 Cayman Holdings Limited Contact:HBK Strategy Limited ir@ +852 2156 0223 Underwriter Contact:Bancroft Capital, LLC,501 Office Center Drive, Suite 130Fort Washington, PA 19034Email: investmentbanking@
Yahoo
09-06-2025
- Business
- Yahoo
707 Cayman Holdings Limited Announces Pricing of $10.0 Million Initial Public Offering
HONG KONG, June 09, 2025 (GLOBE NEWSWIRE) -- 707 Cayman Holdings Limited ('707' or the 'Company') (Nasdaq: JEM), a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions, today announced the pricing of its initial public offering (the 'Offering') of an aggregate 2,500,000 ordinary shares at a public offering price of $4.00 per share for total gross proceeds of $10.0 million, before deducting underwriting discounts and offering expenses. The Company is offering 1,750,000 ordinary shares and the selling shareholder is offering in aggregate 750,000 ordinary shares. The Company will not receive any proceeds from any sale of shares by the selling shareholder. The shares are scheduled to begin trading on the Nasdaq Capital Market on June 9, 2025, under the ticker symbol 'JEM.' The Offering is expected to close on or about June 10, 2025, subject to customary closing conditions. Bancroft Capital, LLC is acting as sole underwriter for the Offering. Troy Gould PC is acting as U.S. legal counsel to the Company, and Sichenzia Ross Ference Carmel LLP is acting as U.S. legal counsel to Bancroft Capital, LLC. This Offering is being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-281949), which was filed with the United States Securities and Exchange Commission (the 'SEC') and was declared effective on June 9, 2025. The Offering of the securities is being made only by means of a prospectus. Electronic copies of the final prospectus relating to the Offering may be obtained by visiting the SEC's website located at or by contacting Bancroft Capital, LLC, 501 Office Center Drive, Suite 130, Fort Washington, PA 19034, Attention: Jason Diamond or email: investmentbanking@ or by telephone at 484-546-8000. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About 707 Cayman Holdings Limited 707 Cayman Holdings Limited is a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide. Safe Harbor Statement This press release contains forward-looking statements that reflect our current expectations and views of future events, including but not limited to, the Company's proposed Offering. Known and unknown risks, uncertainties and other factors, including those listed under 'Risk Factors,' may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'is/are likely to,' 'potential,' 'continue' or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements. Contact: 707 Cayman Holdings Limited Contact:HBK Strategy Limited ir@ +852 2156 0223 Underwriter Contact:Bancroft Capital, LLC,501 Office Center Drive, Suite 130Fort Washington, PA 19034Email: investmentbanking@ in to access your portfolio
