Bluemount Holdings Limited Announces Partial Exercise of Underwriters' Over-Allotment Option in Connection with its Initial Public Offering

Rhea-AI Summary

Bluemount Holdings Limited (Nasdaq: BMHL), a Hong Kong-based consulting, advisory, and financial services provider, announced that underwriters have partially exercised their over-allotment option to purchase an additional 140,000 Class B Ordinary Shares at $4.00 per share, generating additional gross proceeds of $560,000.

Following this exercise, the total shares sold in the IPO increased to 1,515,000 Class B Ordinary Shares, with total gross proceeds reaching $6,060,000 before deducting underwriting discounts and expenses. The company's shares began trading on the Nasdaq Capital Market on July 11, 2025, under the symbol "BMHL."

Positive

• Successfully completed IPO with total gross proceeds of $6.06 million
• Strong market interest demonstrated by underwriters exercising over-allotment option
• Achieved Nasdaq Capital Market listing, providing enhanced visibility and access to capital markets

Negative

• Relatively small IPO size may limit institutional investor interest
• Proceeds subject to reduction from underwriting discounts and offering expenses

Insights

IPO Specialist

Bluemount's IPO raises additional $560K through partial over-allotment exercise, bringing total to $6.06M at $4.00/share.

Bluemount Holdings Limited (BMHL) has successfully expanded its initial public offering through a partial exercise of the underwriters' over-allotment option. The underwriters purchased an additional 140,000 Class B Ordinary Shares at the $4.00 offering price, generating $560,000 in additional gross proceeds. This brings the total IPO to 1,515,000 shares with gross proceeds of $6,060,000 before deducting underwriting discounts and offering expenses.

The partial exercise of the over-allotment option (often called a "greenshoe") indicates moderate but not overwhelming demand for BMHL shares following its July 11 Nasdaq Capital Market debut. For a Hong Kong-based consulting, advisory, and financial services provider that also trades luxury timepieces, this modest-sized offering suggests the company is taking a measured approach to public markets.

The transaction structure reveals a dual-class share arrangement (offering Class B shares), which typically indicates the company's founders or early investors retain enhanced voting rights through Class A shares. This governance structure preserves insider control while raising public capital. The underwriting team was led by Dominari Securities with Pacific Century Securities and Revere Securities as co-underwriters, a syndicate composition typical for smaller-cap offerings.

This capital raise provides Bluemount with additional resources for its operations, though the relatively small size of the offering ($6.06M) limits its transformative potential for the business compared to larger IPOs that frequently raise tens or hundreds of millions.

HONG KONG, July 30, 2025 /PRNewswire/ -- Bluemount Holdings Limited (Nasdaq: BMHL) ("Bluemount" or the "Company"), a Hong Kong-based consulting and advisory and financial services provider, as well as trader of commodities such as luxury timepieces, today announced that the underwriter of its initial public offering (the "Offering") has partially exercised their over-allotment options to purchase an additional 140,000 Class B Ordinary Shares at the public offering price of $4.00 per share, resulting in additional gross proceeds of $560,000.

After giving effect to the partial exercise of the over-allotment option, the total number of shares sold by the Company in the Offering increased to 1,515,000 Class B Ordinary Shares and the total gross proceeds from the Offering increased to $6,060,000, prior to deducting underwriting discounts and other offering expenses. The closing of the over-allotment took place on July 30, 2025.

The Company's Class B Ordinary Shares began trading on Nadsaq Capital Market on July 11, 2025, under the symbol "BMHL."

Dominari Securities LLC acted as the representative of the underwriters, and Pacific Century Securities, LLC and Revere Securities LLC acted as co-underwriters to the Offering. Loeb & Loeb LLP acted as legal counsel to the Company and VCL Law LLP acted as legal counsel to the underwriters for the Offering.

The Offering is being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-285843), relating to the shares being sold in the Offering initially filed with the U.S. Securities and Exchange Commission (the "SEC") on March 17, 2025, and was declared effective by the SEC on June 30, 2025. The Offering was made only by means of a prospectus. A final prospectus relating to the Offering has been filed with the SEC on July 11, 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 Dominari Securities LLC, 725 5th Ave, 23rd Floor, New York, NY 10022, Telephone: (212) 393-4500; Email: investmentbanking@dominarisecurities.com.

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 any of 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.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate", "estimate", "expect", "project", "plan", "intend", "believe", "may", "will", "should", "can have", "likely" and other words and terms of similar meaning. Forward-looking statements represent the Company's current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions 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.

About Bluemount Holdings Limited 

Bluemount Holdings Limited, through its operating subsidiaries, is a Hong Kong-based consulting and advisory and financial services provider, as well as trader of commodities such as luxury timepieces. For its consulting and advisory services business segment, it provides comprehensive consulting and advisory services on business development strategies to its diverse clientele. Its financial services segment focuses on the provision of (i) underwriting and placing services; (ii) securities dealing and brokerage services; and (iii) asset management services. It also operates a subsidiary that is dedicated to the trading of luxury branded timepieces, where it sources, buys, and sells prestigious timepieces. For more information, visit http://www.bluemount.com and http://www.bluemount-commodities.com.

View original content:https://www.prnewswire.com/news-releases/bluemount-holdings-limited-announces-partial-exercise-of-underwriters-over-allotment-option-in-connection-with-its-initial-public-offering-302517756.html

SOURCE Bluemount Holdings Limited

FAQ

How much did Bluemount Holdings (BMHL) raise in their IPO including the over-allotment option?

Bluemount Holdings raised total gross proceeds of $6,060,000, which includes $560,000 from the partial exercise of the over-allotment option at $4.00 per share.

When did BMHL stock begin trading on Nasdaq?

Bluemount Holdings (BMHL) began trading on the Nasdaq Capital Market on July 11, 2025.

How many additional shares were sold through BMHL's over-allotment option?

The underwriters purchased an additional 140,000 Class B Ordinary Shares through the partial exercise of their over-allotment option.

What is the total number of shares sold in Bluemount Holdings' IPO?

After the partial exercise of the over-allotment option, the total number of shares sold in the IPO increased to 1,515,000 Class B Ordinary Shares.

Who were the underwriters for BMHL's IPO?

Dominari Securities LLC acted as the representative underwriter, with Pacific Century Securities, LLC and Revere Securities LLC serving as co-underwriters.