Business
THE GROWHUB LIMITED Announces Closing of $15 Million Initial Public Offering
THE GROWHUB LIMITED (NASDAQ: TGHL) ("GrowHub" or the "Company"), a Singapore-based company leveraging blockchain technology to enhance product traceability and authenticity, today announced the closing of its initial public offering of 3,750,000 Class A Ordinary Shares (the "Offering") at a price of $4.00 per share (the "Offering Price") to the public, for a total of $15 million of gross proceeds to the Company, before deducting underwriting discounts, commissions and offering expenses.
About this update from The Growhub Limited
[{"type":"text","content":"SINGAPORE, Aug. 29, 2025 /PRNewswire/ -- THE GROWHUB LIMITED (NASDAQ: TGHL) ("GrowHub" or the "Company"), a Singapore-based company leveraging blockchain technology to enhance product traceability and authenticity, today announced the closing of its initial public offering of 3,750,000 Class A Ordinary Shares (the "Offering") at a price of $4.00 per share (the "Offering Price") to the public, for a total of $15 million of gross proceeds to the Company, before deducting underwriting discounts, commissions and offering expenses.","length":582,"tagName":"p"},{"type":"text","content":"The shares began trading on the NASDAQ Stock Market LLC on August 28, 2025, under the ticker symbol "TGHL".","length":117,"tagName":"p"},{"type":"text","content":"Alexander Capital, L.P. ("Alexander Capital"), a full-service broker/dealer, acted as the lead book-running manager with Network 1 Financial Securities, Inc. acting as a co-underwriter for the Offering. Loeb & Loeb LLP is acting as U.S. legal counsel to the Company and Akerman LLP is acting as U.S. legal counsel to Alexander Capital for the Offering.","length":366,"tagName":"p"},{"type":"text","content":"The Offering is being conducted pursuant to the Company's registration statement on Form F-1 (File No. 333-286923), as amended, previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission ("SEC") on August 25, 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 has been filed with the SEC on August 28, 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 from Alexander Capital, L.P., 10 Drs James Parker Blvd, Ste 202, Red Bank, New Jersey 07701, by phone at 212-687-5650 or by email at [email protected].","length":759,"tagName":"p"},{"type":"text","content":"Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. 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 b...