Empro Group Inc. Announces Closing of the Underwriter’s Partial Exercise of its Over-Allotment Option in Connection with its Upsized Initial Public Offering

Rhea-AI Summary

Empro Group (EMPG), a Malaysian beauty and personal care brand, has announced the closing of its underwriter's partial over-allotment option following its IPO. The company sold an additional 115,000 ordinary shares at $4.00 per share, generating additional gross proceeds of $460,000 on top of the initial $5.5 million IPO proceeds.

The offering was conducted on a firm commitment basis with R.F. Lafferty & Co., Inc. serving as the sole underwriter. The company's registration statement on Form F-1 was declared effective by the SEC on July 1, 2025.

Positive

• Additional capital raise of $460,000 through over-allotment exercise
• Successful completion of IPO with total gross proceeds of $5.96 million
• Strong investor interest demonstrated by exercise of over-allotment option

Negative

• Only partial exercise of over-allotment option indicates limited excess demand
• Additional shares from over-allotment may cause minor dilution to existing shareholders

Insights

Financial Markets Analyst

EMPG completed its IPO with an additional $460K from over-allotment, bringing total proceeds to $5.96M at $4 per share.

Empro Group Inc. (EMPG) has successfully completed its initial public offering with a favorable outcome. The underwriter's partial exercise of the over-allotment option indicates decent market demand for the company's shares. This resulted in an additional $460,000 in gross proceeds beyond the initial $5.5 million, bringing the total capital raise to approximately $5.96 million.

The IPO was priced at $4.00 per share, and the additional 115,000 shares sold through the over-allotment represent about 8.4% of the original offering. This suggests moderate but not overwhelming investor interest. The offering was conducted on a firm commitment basis, meaning the underwriter (R.F. Lafferty & Co.) purchased all shares directly from EMPG, providing certainty of proceeds.

For a beauty and personal care company based in Malaysia entering U.S. markets, this represents a successful capital formation event, though the relatively modest size of the offering ($5.96 million) indicates this is still an emerging player in the industry. The successful completion of all regulatory requirements with the SEC demonstrates the company has cleared significant compliance hurdles to access U.S. capital markets.

Selangor, Malaysia, July 31, 2025 (GLOBE NEWSWIRE) -- Empro Group Inc. (the “Company” or “EMPG”), a rising beauty and personal care brand headquartered in Malaysia, today announced that it closed the sales of an additional 115,000 ordinary shares of the Company, representing the partial exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (the “IPO”, and together with such over-allotment closing, the “Offering”), at the IPO price of $4.00 per share, less underwriting discounts. As a result, the Company has raised gross proceeds of $460,000 in addition to the previously announced IPO gross proceeds of approximately $5,500,000, before deducting underwriting discounts and other offering expenses.

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 total amount raised by Empro Group (EMPG) in its IPO including the over-allotment?

Empro Group raised a total of $5.96 million in gross proceeds, comprising $5.5 million from the initial IPO and $460,000 from the over-allotment option.

What was the IPO price for Empro Group (EMPG) shares?

Empro Group shares were priced at $4.00 per share in the IPO.

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

An additional 115,000 ordinary shares were sold through the partial exercise of the over-allotment option.

Who was the underwriter for Empro Group's IPO?

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

When was Empro Group's IPO registration statement declared effective by the SEC?

The SEC declared EMPG's registration statement effective on July 1, 2025.