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Texxon Holding Limited Announces Pricing of $9.5 Million Initial Public Offering
Shanghai, China, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Texxon Holding Limited (the “Company” or “Texxon”), a leading provider of supply chain management services
About this update from Texxon Holding Limited
[{"type":"text","content":"Shanghai, China, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Texxon Holding Limited (the “Company” or “Texxon”), a leading provider of supply chain management services in the plastics and chemical industries in East China, today announced the pricing of its initial public offering (the “Offering”) of 1,900,000 ordinary shares at a public offering price of US$5.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on October 22, 2025 under the ticker symbol “NPT.” The Company expects to receive aggregate gross proceeds of US$9.5 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters an over-allotment option to purchase up to an additional 285,000 ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about October 23, 2025, subject to the satisfaction of customary closing conditions. The net proceeds from the Offering will be used for (i) construction of a factory to manufacture polystyrene, including production lines, storage facilities, and supporting infrastructure, located in Henan Province, China (the “Henan Polystyrene Factory”), and operations and the expansion of production facilities at the Henan Polystyrene Factory; (ii) updating supply chain management platform; and (iii) working capital. The Offering is being conducted on a firm commitment basis. D. Boral Capital LLC is acting as the sole book-running manager for the Offering (the “Underwriter”). A registration statement on Form F-1 relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-281530) and was declared effective by the SEC on September 30, 2025. The Offering is being made only by means of a prospectus. Copies of the prospectus relating to the Offering, when available, may be obtained from D. Boral Capital LLC by standard mail to D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, or by email at [email protected], or by calling +1 (212) 970-5150. In addition, copies of the final prospectus relating to the Offering, when available, can also be obtained via the SEC’s website at www.sec.gov. Before you invest, you should read the prosp...