Phaos Technology Holdings (Cayman) Limited Announces Closing of the Sale of the Option Shares

About this update from Phaos Technology Holdings (cayman) Limited

[{"type":"image","alt":"Phaos Tech","displaySize":"","headline":null,"caption":"Phaos Tech","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":39,"url":"https://media.zenfs.com/en/globenewswire.com/835c648a66da2ba1b7505fa0613c8b70"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/83azJVyqY20DJi0iDx28eQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTU1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/835c648a66da2ba1b7505fa0613c8b70","width":300,"height":39}},"lazy":false},{"type":"text","content":"SINGAPORE, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Phaos Technology Holdings (Cayman) Limited, (NYSE American: POAS), (“Phaos” or “the Company”), an advanced microscopy solutions headquartered in Singapore, today announced the closing of the offering (the “Offering”) of 405,500 class A ordinary shares, par value US$0.0001 per share pursuant to Network 1 Financial Securities, Inc.’s (“Network 1”), exercise of their over-allotment option in full. The Company has received additional gross proceeds amounting to US$1.62 million before deducting underwriting discounts and other Offering expenses.","length":596,"tagName":"p"},{"type":"text","content":"Network 1, a full-service broker/dealer, acted as the sole book-running manager for the Offering. Ortoli Rosenstadt LLP acted as U.S. securities counsel to the Company, and Loeb & Loeb LLP acted as U.S. counsel for Network 1, in connection with the Offering.","length":262,"tagName":"p"},{"type":"text","content":"The Offering was conducted pursuant to the Company’s registration statement on Form F-1 (File No. 333-284137), as amended, previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and subsequently became effective on November 11, 2025. The Offering is being made only by means of a prospectus, forming part of the registration statement. A final prospectus relating to the Offering was filed with the SEC on November 13, 2025, and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus related to the Offering may be obtained, when available, from Network 1 at 2 Bridge Avenue, Suite 241 Red Bank, NJ 07701, or by telephone at +1 (732) 758-9001. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC’s website at www.sec.gov.","length":832,"tagName":"p"},{"type":"text","content":"Be...

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