Enigmatig Limited Announces Closing of US$15 Million Initial Public Offering, Including Exercise of Over-allotment Option

Rhea-AI Summary

Enigmatig Limited (NYSE American: EGG), a consultancy firm specializing in cross-border licensing solutions, has successfully completed its Initial Public Offering (IPO). The company sold a total of 3,005,200 Class A ordinary shares at US$5.00 per share, which includes an additional 160,000 shares from the exercise of the over-allotment option. The IPO generated total gross proceeds of US$15,026,000 before deducting underwriting discounts and commissions. Prime Number Capital, LLC served as the sole bookrunner for the offering, which was conducted on a firm commitment basis. The offering was made through a prospectus following the registration statement's effectiveness with the SEC.

Positive

• Successfully raised US$15.026 million in gross proceeds through IPO
• Achieved full IPO subscription with additional over-allotment option exercise
• Listed on NYSE American exchange, providing access to public capital markets
• Firm commitment underwriting structure indicates strong institutional support

Negative

• Relatively small IPO size may limit institutional investor interest
• Potential dilution for existing shareholders
• Trading liquidity might be constrained due to limited float

Insights

IPO Specialist

Enigmatig's $15M IPO with over-allotment exercise signals solid initial demand for this cross-border licensing consultancy.

Enigmatig Limited has successfully completed its initial public offering, raising $15,026,000 in gross proceeds through the sale of 3,005,200 Class A ordinary shares at $5.00 per share. The exercise of the over-allotment option (often called a greenshoe) for an additional 160,000 shares by the underwriters is particularly noteworthy, as it suggests solid initial demand for the offering.

The firm commitment underwriting structure provides greater certainty compared to best-efforts offerings, with Prime Number Capital serving as the sole bookrunner. This NYSE American listing gives Enigmatig access to public capital markets while positioning it as a publicly traded entity in the international consultancy space focusing on cross-border licensing solutions.

For a consultancy firm, raising $15 million provides working capital that can fund operational expansion, potential acquisitions, or technology investments. After accounting for standard underwriting discounts and commissions (typically 5-7%), Enigmatig should have approximately $14 million in net proceeds to deploy. The moderate offering size suggests the company is taking a measured approach to public markets rather than overextending with a larger capital raise.

NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) -- Enigmatig Limited (NYSE American: EGG) ("Enigmatig" or the "Company"), an international consultancy firm providing one-stop cross-border licensing solutions and related services, today announced that it has completed its previously announced initial public offering (the "IPO") and the sole bookrunner, on behalf of the underwriters, has exercised the over-allotment opinion in part to purchase an additional 160,000 shares of common stock from the Company at the IPO price of US$5.00 per share.

After giving effect to the exercise of the Over-Allotment Option, the total number of Class A ordinary shares sold by the Company in the Offering increased to 3,005,200 Class A ordinary shares and the gross proceeds increased to US$15,026,000 before deducting underwriting discounts and commissions.

The offering is being conducted on a firm commitment basis. Prime Number Capital, LLC is acting as the sole bookrunner for the offering.

A registration statement relating to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission ("SEC"). The offering is made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from Prime Number Capital, LLC by email at info@pncps.com or via standard mail to Prime Number Capital, LLC, 12 E 49th St, Floor 27, New York, NY 10017. In addition, a copy of the final prospectus can also be obtained via the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 Enigmatig Limited
Enigmatig is an international business enabler that empowers small and medium-sized enterprises to achieve their international ambitions. Since 2010, we have connected businesses with the expertise, infrastructure, and regulatory support needed to succeed in cross-border markets.

With deep capabilities in FX brokerage consultancy, licensing, RegTech, FinTech, and corporate services, Enigmatig delivers tailored solutions across the business lifecycle – from company incorporation to ongoing compliance. Our experienced team specialises in navigating complex regulatory environments across global financial hubs and key offshore centres, including London, Cyprus, and Belize.

Headquartered in Singapore with a strategic presence in Hong Kong, Shanghai, London, and a representative desk in Bangkok, Enigmatig supports a diverse international client base.

For more information, please visit: https://enigmatig.com

Safe Harbor Statement
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:
Enigmatig Investor Relations
Email: investors@enigmatig.com

FAQ

How much money did Enigmatig (EGG) raise in its IPO?

Enigmatig raised US$15,026,000 in gross proceeds before deducting underwriting discounts and commissions through its IPO.

What was the IPO price for Enigmatig (EGG) stock?

Enigmatig's IPO price was US$5.00 per share.

How many shares did Enigmatig (EGG) sell in its IPO?

Enigmatig sold a total of 3,005,200 Class A ordinary shares, including 160,000 shares from the over-allotment option.

Who was the underwriter for Enigmatig's (EGG) IPO?

Prime Number Capital, LLC acted as the sole bookrunner for the IPO.

What exchange is Enigmatig (EGG) listed on?

Enigmatig is listed on the NYSE American exchange under the symbol EGG.