Empro Group Inc. Announces Closing of its Upsized $5.5 Million Initial Public Offering

Rhea-AI Summary

Empro Group (NASDAQ:EMPG), a Malaysian beauty and personal care brand, has successfully completed its upsized Initial Public Offering (IPO). The company raised $5.5 million in gross proceeds through the sale of 1,375,000 ordinary shares at $4.00 per share.

Trading of EMPG shares commenced on the Nasdaq Capital Market on July 2, 2025. R.F. Lafferty & Co. served as the sole underwriter and has a 45-day option to purchase up to 206,250 additional shares to cover potential over-allotments.

Positive

• None.

Negative

• Relatively small IPO size of $5.5 million
• Limited public float with only 1,375,000 shares offered

Insights

Financial Markets Analyst

Empro Group's $5.5M IPO represents a modest capital raise for this Malaysian beauty brand entering Nasdaq with a $4/share offering.

Empro Group Inc. (EMPG) has successfully completed its upsized IPO, raising $5.5 million in gross proceeds through the issuance of 1,375,000 ordinary shares priced at $4.00 per share. The company's shares began trading on the Nasdaq Capital Market on July 2, 2025, under the ticker "EMPG".

This represents a relatively small-cap offering in the beauty and personal care sector. The $5.5 million raise is modest compared to typical Nasdaq IPOs, suggesting the company is in early growth stages. The Malaysian-based brand has also granted its underwriter, R.F. Lafferty & Co., a 45-day option to purchase up to an additional 206,250 shares at the IPO price to cover potential over-allotments, which could increase total proceeds by approximately $825,000 if fully exercised.

The "upsized" descriptor indicates the offering was increased from its original planned size, potentially reflecting stronger-than-anticipated investor interest. However, the $4.00 share price positions this as an entry-level public offering. The firm commitment underwriting structure means R.F. Lafferty purchased all offered shares directly from Empro Group, providing certainty of capital raised regardless of immediate market reception.

For a beauty and personal care company entering public markets, this capital could fund product development, marketing initiatives, or supply chain improvements, though the limited size may constrain large-scale expansion efforts in the competitive beauty sector.

Selangor, Malaysia, July 03, 2025 (GLOBE NEWSWIRE) -- Empro Group Inc. (the “Company” or “EMPG”), a rising beauty and personal care brand headquartered in Malaysia, today announced the closing of its initial public offering (the "Offering") of 1,375,000 ordinary shares (the "Ordinary Shares") at an initial public offering price of $4.00 per share for total gross proceeds of approximately $5,500,000, before deducting underwriting discounts and other offering expenses. The Offering closed on July 3, 2025, and the Ordinary Shares began trading on the Nasdaq Capital Market on July 2, 2025, under the ticker symbol "EMPG". The Company has granted the underwriter an option, exercisable within 45 days from the effective date of the Registration Statement (as defined below), to purchase up to an additional 206,250 Ordinary Shares at the initial public offering price, less underwriting discounts, to cover over-allotments, if any.

The Offering was conducted on a firm commitment basis. R.F. Lafferty & Co., Inc. acted as the sole underwriter (the “Underwriter”) for the Offering. Pryor Cashman LLP acted as U.S. counsel to the Company, and Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to the Underwriter in connection with the Offering.

A registration statement on Form F-1 (File No. 333-282155) relating to the Offering, as amended (the “Registration Statement”), has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on July 1, 2025. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, when available, from R. F. Lafferty & Co., Inc by email at offerings@rflafferty.com or via standard mail to R. F. Lafferty & Co., Inc, 40 Wall Street, 27^th Floor, New York, NY10005. In addition, a copy of the final prospectus can also be obtained via the SEC’s website at www.sec.gov.

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 Empro Group Inc.

Empro Group Inc. is a rising beauty and personal care brand headquartered in Malaysia. Evolving from its origins in Malaysia’s eyebrow embroidery space, Empro Group Inc. has grown into a trusted name across three core pillars: cosmetics, skincare, and healthcare. With a growing presence across Southeast Asia and Europe, Empro Group Inc. remains dedicated to offering accessible, quality self-care solutions while staying true to its humble beginnings. For more information please visit: https://www.empro.my/.

Forward-Looking Statement

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 actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These forward-looking 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:

Underwriter
R. F. Lafferty & Co., Inc.
40 Wall Street, 27th Floor
New York, NY 10005
(212) 293-9090
offerings@rflafferty.com

Investor Relations
Visit emproinc.co
Or contact us at ir@emproinc.co

FAQ

What is the IPO price of Empro Group (EMPG) stock?

Empro Group's IPO was priced at $4.00 per share.

How much money did Empro Group raise in its IPO?

Empro Group raised $5.5 million in gross proceeds before deducting underwriting discounts and offering expenses.

When did EMPG stock begin trading on Nasdaq?

EMPG shares began trading on the Nasdaq Capital Market on July 2, 2025.

Who was the underwriter for Empro Group's IPO?

R.F. Lafferty & Co., Inc. acted as the sole underwriter for the IPO.

How many shares did Empro Group sell in its IPO?

Empro Group sold 1,375,000 ordinary shares with an option for the underwriter to purchase up to 206,250 additional shares.