BeLive Holdings Announces Closing of Approximately $10,000,000 Initial Public Offering
Rhea-AI Summary
BeLive Holdings (BLIV), a provider of live commerce and shoppable short videos solutions, has successfully completed its Initial Public Offering (IPO) on April 7, 2025. The company raised US$9.8 million in gross proceeds through the offering of 2,450,000 ordinary shares at US$4.00 per share.
Trading of BeLive shares commenced on the Nasdaq Capital Market on April 4, 2025, under the ticker symbol 'BLIV'. The underwriters have a 45-day option to purchase up to 367,500 additional shares to cover over-allotments.
The company plans to use the proceeds to advance its video streaming technologies, enhance AI and big data capabilities, expand solution offerings, conduct marketing activities, and support general corporate development. R.F. Lafferty & Co. served as the sole book-running manager for the offering.
Positive
- Successfully raised US$9.8 million through IPO
- Achieved Nasdaq Capital Market listing
- Strategic investment in AI and streaming technologies
- Potential for additional capital through over-allotment option
Negative
- Relatively small IPO size may limit growth initiatives
- Potential dilution from over-allotment option
News Market Reaction
On the day this news was published, BLIV declined 11.02%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Company has granted the underwriters an option, within 45 days from the date of the prospectus, to purchase up to an additional 367,500 Ordinary Shares at the public offering price, less underwriting discounts, to cover the over-allotment option, if any.
The Company intends to use the proceeds from this Offering for (i) advancing its video and live streaming technologies, artificial intelligence ("AI") and big data capabilities; (ii) solution development to expand and enhance its current solution offerings, as well as to develop new features and functionalities to continue to provide innovative value propositions to its customers; (iii) marketing and branding, including marketing and promotional activities to further expand its customer base and strengthen its brand; and (iv) general corporate purposes that are beneficial in developing the business and its strategic direction.
R.F. Lafferty & Co., Inc. ("R.F. Lafferty"), acted as sole book-running manager for the Offering. Schlueter & Associates, P.C. acted as
A registration statement on Form F-1 (File No. 333-280739) relating to the Offering, as amended, has been filed with the
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 shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, 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 BeLive Holdings Limited
Headquartered in
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Investor Relations
ir@belive.sg
View original content to download multimedia:https://www.prnewswire.com/news-releases/belive-holdings-announces-closing-of-approximately-10-000-000-initial-public-offering-302422239.html
SOURCE BeLive Holdings
FAQ
How much did BeLive Holdings (BLIV) raise in its IPO?
When did BeLive Holdings (BLIV) shares begin trading on Nasdaq?
What will BeLive Holdings (BLIV) use its IPO proceeds for?
What is the over-allotment option in BeLive Holdings' (BLIV) IPO?
Who was the book-running manager for BeLive Holdings' (BLIV) IPO?
