Neo-Concept International Group Holdings Limited Announces Closing of Approximately US$8.1 Million Public Offering of Class A Ordinary Shares

Rhea-AI Summary

Neo-Concept International Group Holdings (Nasdaq: NCI) closed a public offering on February 11, 2026, selling 14,850,000 Class A ordinary shares at $0.5454 per share for gross proceeds of approximately $8.1 million. The company intends to use net proceeds to expand the business and for general working capital.

Placement agents: D. Boral Capital LLC (lead) and uSmart Securities Limited (joint). U.S. legal counsel: Loeb & Loeb LLP; placement agents counsel: Mclaughlin & Stern LLP. The offering was made under a Form F-1 registration declared effective February 9, 2025.

Positive

• Gross proceeds of approximately $8.1 million raised
• Net proceeds intended for business expansion and general working capital
• Placement agents engaged to support distribution and investor outreach

Negative

• Share issuance may dilute existing shareholders depending on outstanding share count
• No specific breakdown of net proceeds or timeline for expansion provided

Key Figures

Offering size: 14,850,000 shares Offering price: $0.5454 per share Gross proceeds: US$8.1 million +3 more

6 metrics

Offering size 14,850,000 shares Public offering of Class A ordinary shares

Offering price $0.5454 per share Fixed public offering price

Gross proceeds US$8.1 million Before placement fees and expenses

Form F-1 file number 333-288993 Registration statement for this offering

Pre-news price move -29.73% 24h change before closing announcement

Today’s volume 83,403,738 shares Compared with 20-day average volume of 49,558

Market Reality Check

Price: $2.64 Vol: Volume 83403738 is about ...

high vol

$2.64 Last Close

Volume Volume 83403738 is about 1682.97x the 20-day average of 49558, indicating extreme pre-news activity. high

Technical Shares at 2.64 were trading below the 200-day MA of 1.66 before this closing announcement.

Peers on Argus

NCI was down 29.73% pre-announcement, while only one momentum peer (PMNT) also s...

1 Down

NCI was down 29.73% pre-announcement, while only one momentum peer (PMNT) also showed downside, and others in apparel were mixed, pointing to a stock-specific move.

Previous Offering Reports

1 past event · Latest: Feb 09 (Negative)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Feb 09	Equity offering pricing	Negative	-3.5%	Priced US$8.1M share offering at fixed discount price for expansion capital.

Pattern Detected

The only prior offering-related headline over the last six months saw a modest negative reaction, suggesting capital raises have coincided with pressure on the shares.

Recent Company History

Over the past months, Neo-Concept International used equity financing and reported shifting business dynamics. On Feb 9, 2026, it priced a 14,850,000-share offering at $0.5454 for about $8.1 million in gross proceeds, intended for expansion and working capital. That pricing news led to a -3.48% move. Earlier, first-half 2025 results showed revenue decline but higher net income, reflecting a mix of pressure and operational adjustment ahead of this closing announcement.

Historical Comparison

offering

-3.5 %

Average Historical Move

Historical Analysis

In the last 12 months, NCI had 1 offering-related announcement with an average move of -3.48%. Today’s closing notice follows the same US$8.1M equity raise priced on Feb 9, 2026.

Typical Pattern

This closing announcement completes the previously priced US$8.1M Class A share offering, moving from deal pricing to funds availability.

Market Pulse Summary

This announcement confirms the closing of NCI’s public sale of 14,850,000 Class A shares at $0.5454,...

Analysis

This announcement confirms the closing of NCI’s public sale of 14,850,000 Class A shares at $0.5454, raising about US$8.1 million for expansion and working capital. It follows earlier regulatory filings and the prior pricing disclosure. Investors may contextualize this capital raise against recent revenue softness, the company’s international holding structure, and risk factors flagged in the Form F-1 prospectus and related 424B4 filings when monitoring future updates.

Key Terms

public offering, class a ordinary shares, registration statement on form f-1, prospectus, +2 more

6 terms

public offering financial

"announced the closing of its public offering on February 11, 2026 of 14,850,000"

A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.

class a ordinary shares financial

"public offering on February 11, 2026 of 14,850,000 Class A ordinary shares at"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

registration statement on form f-1 regulatory

"offered pursuant to a registration statement on Form F-1, as amended (File No."

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 of the"

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

"effective by the Securities and Exchange Commission (the “SEC”) on February 9,"

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 Web site"

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.

Hong Kong, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”), a one-stop apparel solution services provider, today announced the closing of its public offering on February 11, 2026 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 $8.1 million. 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 the lead placement agent and uSmart Securities Limited acted joint placement agent (together with D. Boral Capital LLC, the “Placement Agents”) in connection with this Offering. Loeb & Loeb LLP acted U.S. legal counsel to the Company and Mclaughlin & Stern, LLP acted legal counsel to the Placement Agents for the Offering.

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 Web site at www.sec.gov. Electronic copies of the final prospectus may be obtained, when available, from D. Boral Capital LLC at info@dboralcapital.com, or by calling +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.

Forward-Looking Statements

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.

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 UK and the 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.

For enquiry, please contact:

Neo-Concept International Group Holdings Limited
10/F, Seaview Centre
No.139-141 Hoi Bun Road
Kwun Tong, Kowloon, Hong Kong
(+852) 2798-8639
Email: ir@neo-ig.com

FAQ

How many shares and at what price did Neo-Concept (NCI) sell in the February 11, 2026 offering?

Neo-Concept sold 14,850,000 Class A shares at $0.5454 per share. According to the company, gross proceeds were approximately $8.1 million, before placement agent fees and offering expenses.

What will Neo-Concept (NCI) use the net proceeds from the $8.1 million offering for?

The company intends to use net proceeds to expand its business and for general working capital. According to the company, proceeds will support growth initiatives and ongoing operating needs.

Who acted as placement agents and legal counsel for Neo-Concept's (NCI) public offering?

D. Boral Capital LLC was lead placement agent and uSmart Securities Limited was joint placement agent. According to the company, Loeb & Loeb LLP served as U.S. legal counsel and Mclaughlin & Stern LLP represented the placement agents.

Was Neo-Concept's (NCI) offering registered with the SEC and when was the registration declared effective?

Yes. The offering was made under a Form F-1 registration statement declared effective on February 9, 2025. According to the company, the prospectus was part of that registration statement and available via EDGAR.