Business
Ten-League International Holdings Limited Announces Pricing of Initial Public Offering
SINGAPORE, July 08, 2025 (GLOBE NEWSWIRE) -- Ten-League International Holdings Limited (the “Company” or “Ten-League”), a Singapore-based provider of turnkey project solutions, today announced the pricing of its initial public offering (the “Offering”) of 2,240,000 ordinary shares, 1,607,840 of which are being 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 have been approved for listing on the Nasdaq Capit
About this update from Ten-league International Holdings Limited
[{"type":"text","content":"SINGAPORE, July 08, 2025 (GLOBE NEWSWIRE) -- Ten-League International Holdings Limited (the “Company” or “Ten-League”), a Singapore-based provider of turnkey project solutions, today announced the pricing of its initial public offering (the “Offering”) of 2,240,000 ordinary shares, 1,607,840 of which are being 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 have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on July 08, 2025 under the ticker symbol “TLIH.”","length":595,"tagName":"p"},{"type":"text","content":"The Company expects to receive aggregate gross proceeds of US$6,431,360 from the Offering, before deducting underwriting discounts and other related expenses. The Offering is expected to close on or about July 09, 2025, subject to the satisfaction of customary closing conditions.","length":280,"tagName":"p"},{"type":"text","content":"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.","length":385,"tagName":"p"},{"type":"text","content":"The Offering is being conducted on a firm commitment basis. Bancroft Capital, LLC is acting as the sole underwriter for the Offering.","length":133,"tagName":"p"},{"type":"text","content":"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 is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering, when available, 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 www....