Latest news with #JasonDiamond
Business Upturn
5 days ago
- Business
- Business Upturn
Magnitude International Ltd Announces Pricing of Initial Public Offering
Singapore, Aug. 11, 2025 (GLOBE NEWSWIRE) — Magnitude International Ltd (the 'Company' or 'Magnitude') (Nasdaq: MAGH), an electrical installation service provider based in Singapore, today announced the pricing of its initial public offering (the 'Offering') of an aggregate of 2,200,000 ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $8.8 million, before deducting underwriting discounts and offering expenses. The Company is offering 1,650,000 ordinary shares and an existing shareholder is offering 550,000 ordinary shares. The Company will not receive any proceeds from the sale of ordinary shares by the selling shareholder. The Company's ordinary shares are expected to being trading on the Nasdaq Capital Market, or Nasdaq, on August 12, 2025, under the symbol 'MAGH.' The Offering is expected to close on or about August 13, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for: (i) expansion and growth through strategic acquisitions, joint ventures and/or strategic alliances; (ii) the purchase of materials; (iii) expansion of our workforce; (iv) moving to a bigger head office to provide more office area and additional storage facilities; (v) rental of a bigger dormitory for our foreign workers; (vi) digitalizing our systems, upgrading existing equipment, and investing in software solutions like enterprise resource planning (ERP) systems, and human resource (HR) systems; and (vii) working capital and general corporate purposes. Bancroft Capital, LLC is acting as sole underwriter for the Offering. Concord & Sage PC is acting as U.S. legal counsel to the Company, and Taft Stettinius & Hollister LLP is acting as U.S. legal counsel to Bancroft Capital, LLC. The Offering is being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-287609), which was filed with the U.S. Securities and Exchange Commission (the 'SEC') and declared effective by the SEC on July 30, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Electronic copies of the final prospectus relating to the Offering, when available, 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: [email protected] or by telephone at +1 (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 any of the Company's securities, nor shall there be any offer, solicitation or sale of such 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 Magnitude International Ltd Magnitude International Ltd is a Singapore-based electrical installation service provider to both the private and public sectors. Founded in 2012, the Company has over 12 years of experience in providing services such as the installation of generators, transformers, and various types of alteration and addition works, including the rewiring and installation of solar panel systems. The Company primarily acts as the main electrical contractor in construction projects and has participated in a range of greenfield and brownfield electrical installation projects. Its mission is to become one of the leading integrated one-stop electrical installation services providers in Singapore, and to add value to all stakeholders by ensuring that all buildings serviced by the Company are safe, functional and energy efficient. Forward-Looking Statements Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. 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, including the expectation that the proposed Offering will be successfully completed. 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 the 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, which are available for review at For more information, please contact: Magnitude International Ltd Mr. Lim Say Wei Email [email protected] Underwriter Contact: Bancroft Capital, LLC, 501 Office Center Drive, Suite 130 Fort Washington, PA 19034 Email: [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
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
Time of India
15-05-2025
- Entertainment
- Time of India
Jennifer Lopez injures face during AMA rehearsals; thanks plastic surgeon for 'stitching me up'
took a major blow to her face and sustained a facial injury during rehearsals for the upcoming 2025 American Music Awards . The superstar, who is set to both host and perform at the ceremony on May 26, revealed in her Instagram stories that she suffered an injury to face and nose. Tired of too many ads? go ad free now The star, revealed that she is on the mend after sustaining an injury that required stitches. While she did not share the exact details of the incident, she confirmed that the injury occurred during prep for the live show. 'It wasn't pretty,' she hinted in her Instagram Story, which included a photo of her holding an ice bag to her face. She also put on a smile while revealing her face with a gash on her nose. She then followed it up with a post-treatment look. JLo,assured fans that she's healing well, crediting renowned plastic surgeon Dr Jason Diamond for 'stitching me up,' along with 'a whole lotta ice' for speeding up the recovery. This marks Lopez's second time hosting the AMAs, a full decade after her first stint leading the fan-voted music event. Ironically, it's not her first pre-AMA mishap. Fans recalled how the singer had an infamous tumble during her performance of 'Louboutins' at the 2009 show. At the time, she brushed off the fall with a flawless recovery and went on to deliver a powerhouse dance break. Over the past months, several celebrities, including Billie Eilish, Olivia Rodrigo, SZA, Joe Jonas and many others have made headlines for their miss steps on stage. Lucky for them, they didn't sustain any major injury.
