D. Boral Capital Acted as Lead Placement Agent to Neo-Concept International Group Holdings Limited (Nasdaq:NCI) in Connection with its ~$8,000,000 Follow-On Offering

Rhea-AI Summary

Neo-Concept International Group Holdings (Nasdaq:NCI) closed a Follow-On Offering on February 11, 2026, selling 14,850,000 Class A ordinary shares at $0.5454 per share for gross proceeds of approximately $8,000,000. The company intends to use net proceeds to expand its business and for general working capital. D. Boral Capital acted as Lead Placement Agent; the SEC declared the Form F-1 effective on February 9, 2025.

Positive

• Gross proceeds ~$8.0M from the follow-on offering
• Net proceeds designated for business expansion and working capital

Negative

• Issuance of 14,850,000 Class A shares may dilute existing holders
• Offering price of $0.5454 per share reflects low per-share valuation

Key Figures

Shares Offered: 14,850,000 shares Offering Price: $0.5454 per share Gross Proceeds: approximately $8,000,000 +2 more

5 metrics

Shares Offered 14,850,000 shares Class A ordinary shares in follow-on offering

Offering Price $0.5454 per share Public offering price for Class A ordinary shares

Gross Proceeds approximately $8,000,000 Follow-on offering before fees and expenses

Form F-1 File No. 333-288993 Registration statement for the offering

Effective Date February 9, 2025 SEC effectiveness of Form F-1

Market Reality Check

Price: $5.92 Vol: Volume 15,573,899 is abou...

high vol

$5.92 Last Close

Volume Volume 15,573,899 is about 2.07x the 20-day average 7,518,590, signaling elevated interest around the offering news. high

Technical Price $6.96 is trading above the 200-day MA of $1.75 and sits 22.67% below the 52-week high and well above the 52-week low.

Peers on Argus

NCI gained 16.97%, while key apparel peers showed mixed, mostly single-digit mov...

1 Down

NCI gained 16.97%, while key apparel peers showed mixed, mostly single-digit moves (e.g., JXG up 4.26%, XELB down 4.74%), indicating a company-specific reaction to the offering news rather than a sector-wide move.

Historical Context

3 past events · Latest: Feb 11 (Neutral)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Feb 11	Offering closed	Neutral	+238.5%	Closing of approximately $8.1M public share offering under Form F-1.
Feb 09	Offering priced	Neutral	-3.5%	Pricing of 14,850,000-share public offering at $0.5454 per share.
Nov 21	Earnings update	Neutral	+4.0%	First half 2025 results with revenue decline but improved net income and EPS.

Pattern Detected

Recent capital-raising announcements have elicited contrasting reactions: a slight decline on pricing, followed by a very strong spike on closing, suggesting traders have responded more positively once the deal terms were finalized.

Recent Company History

Over the last few months, NCI has highlighted both operational and financing milestones. On Feb 9, 2026, it priced a public offering of 14,850,000 shares at $0.5454, with a modest negative price reaction. By Feb 11, 2026, the closing of this approximately $8.1 million deal saw the stock jump 238.46%. Earlier, first-half 2025 results showed revenue of HK$60.2M (US$7.7M) with net income improving, underscoring a company balancing growth funding with evolving fundamentals. Today’s placement-agent-focused release fits into that same financing cycle.

Market Pulse Summary

This announcement reiterates details of NCI’s follow-on offering of 14,850,000 shares at $0.5454, ra...

Analysis

This announcement reiterates details of NCI’s follow-on offering of 14,850,000 shares at $0.5454, raising approximately $8,000,000 before expenses, and highlights D. Boral Capital’s role as lead placement agent. It fits into a sequence of recent financing filings under the effective Form F-1. Investors may monitor how the newly raised capital supports business expansion, alongside upcoming financial updates and any subsequent regulatory or corporate disclosures.

Key Terms

follow-on offering, placement agent, registration statement on form f-1, prospectus, +2 more

6 terms

follow-on offering financial

"announced the closing of its Follow-On Offering of 14,850,000 Class A"

A follow-on offering is when a company sells additional shares to the public after its initial stock listing to raise more cash. For investors it matters because the new shares increase the total number of shares outstanding, which can reduce each existing shareholder’s ownership share and earnings per share—similar to baking more loaves of bread after the first batch, which means each slice represents a slightly smaller piece of the whole; the funds raised can also support growth or pay debt.

placement agent financial

"D. Boral Capital LLC acted as the Lead Placement Agent for the Offering."

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

registration statement on form f-1 regulatory

"offered pursuant to a registration statement on Form F-1, as amended"

A registration statement on Form F-1 is a legal document companies file with regulators to offer their shares to investors in a foreign country or market. It provides essential information about the company's business, finances, and risks, helping investors make informed decisions about whether to buy its stock. This process ensures transparency and protects investors by making company details publicly available before trading begins.

prospectus regulatory

"The Offering was made only by means of a prospectus which is a part"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

securities and exchange commission regulatory

"declared effective by the Securities and Exchange Commission (the "SEC")"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

edgar regulatory

"You may get these documents for free by visiting EDGAR on the SEC website"

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

AI-generated analysis. Not financial advice.

NEW YORK CITY, NEW YORK / ACCESS Newswire / February 24, 2026 / On February 11, 2026, Neo-Concept International Group Holdings Limited (Nasdaq:NCI) (the "Company" or "NCI"), a one-stop apparel solution services provider, announced the closing of its Follow-On Offering of 14,850,000 Class A ordinary shares at a public offering price of $0.5454 per Class A ordinary share (the "Offering").

Gross proceeds, before deducting placement agent fees and other offering expenses, were approximately $8,000,000. The Company intends to utilize the net proceeds from the Offering for expanding its business and for general working capital.

D. Boral Capital LLC acted as the Lead Placement Agent for the Offering.

Loeb & Loeb LLP acted as U.S. legal counsel to the Company and Mclaughlin & Stern, LLP acted legal counsel to D. Boral Capital LLC.

The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File No. 333-288993) (the "Registration Statement"), which was declared effective by the Securities and Exchange Commission (the "SEC") on February 9, 2025. The Offering was made only by means of a prospectus which is a part of the Registration Statement. 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. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Electronic copies of the final prospectus may be obtained, when available, or by contacting D. Boral Capital LLC at 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at dbccapitalmarkets@dboralcapital.com, or by telephone at +1 (212) 970-5150.

This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made 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 other jurisdiction.

About Neo-Concept International Group Holdings Limited

Neo-Concept International Group Holdings Limited ("NCI") is a one-stop apparel solution services provider. It offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European and North American markets. It also sells its own branded apparel products under the brand "Les100Ciels" through retail stores in the UK and UAE as well as the e-commerce platform, www.les100ciels.com.

NCI is dedicated to minimizing its environmental footprint by implementing various eco-friendly practices. It prioritizes recycling, clean processes, and traceable sourcing as part of its commitment to reducing environmental impact. Additionally, NCI actively seeks sustainable solutions throughout the garment production process, aiming to meet the needs of its customers in an environmentally responsible manner. For more information, visit the Company's website at www.neo-ig.com.

About D. Boral Capital

D. Boral Capital LLC is a premier, relationship-driven global investment bank headquartered in New York. The firm is dedicated to delivering exceptional strategic advisory and tailored financial solutions to middle-market and emerging growth companies. With a proven track record, D. Boral Capital provides expert guidance to clients across diverse sectors worldwide, leveraging access to capital from key markets, including the United States, Asia, Europe, the Middle East, and Latin America.

A recognized leader on Wall Street, D. Boral Capital has successfully aggregated approximately $35 billion in capital since its inception in 2020, executing ~400 transactions across a broad range of investment banking products.

Forward Looking 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," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. 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, which are available for review at www.sec.gov.

For more information, please contact:

D. Boral Capital LLC
Email: dbccapitalmarkets@dboralcapital.com
Telephone: +1 (212) 970-5150

SOURCE: D. Boral Capital

View the original press release on ACCESS Newswire

FAQ

What did NCI announce about the February 11, 2026 follow-on offering (Nasdaq:NCI)?

NCI sold 14,850,000 Class A shares at $0.5454 per share on February 11, 2026. According to the company, gross proceeds were approximately $8,000,000 and net proceeds will fund expansion and general working capital.

How much money did Nasdaq:NCI raise in the follow-on offering and what will it be used for?

The offering generated about $8.0 million in gross proceeds before fees. According to the company, the net proceeds are intended for business expansion and general working capital needs.

Who acted as lead placement agent for NCI's February 2026 offering (Nasdaq:NCI)?

D. Boral Capital LLC acted as the lead placement agent for the offering. According to the company, legal counsel included Loeb & Loeb for NCI and Mclaughlin & Stern for D. Boral Capital.

What was the offering price and share count in NCI's follow-on offering (Nasdaq:NCI)?

The company priced the offering at $0.5454 per Class A share and issued 14,850,000 shares. According to the company, those figures produced roughly $8.0 million in gross proceeds.

Was NCI's follow-on offering registered with the SEC and when was the registration effective?

Yes; the offering was made under a Form F-1 registration statement declared effective by the SEC on February 9, 2025. According to the company, the prospectus is part of that registration statement.

What potential impact does the February 11, 2026 offering have for NCI shareholders (Nasdaq:NCI)?

The issuance of 14.85 million shares could dilute existing ownership and earnings per share. According to the company, proceeds aim to support expansion, which may benefit long-term shareholder value if executed well.