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

Neo-Concept International Group Holdings (Nasdaq: NCI) priced a public offering of 14,850,000 Class A ordinary shares at $0.5454 per share on February 9, 2026, for gross proceeds of approximately $8.1 million.

Rhea-AI Summary

Neo-Concept International Group Holdings (Nasdaq: NCI) priced a public offering of 14,850,000 Class A ordinary shares at $0.5454 per share on February 9, 2026, for gross proceeds of approximately $8.1 million. The company said net proceeds will be used for business expansion and general working capital.

D. Boral Capital LLC and uSmart Securities Limited are placement agents. The securities are offered under an effective Form F-1 registration statement declared effective by the SEC.

Positive

• Gross proceeds of approximately $8.1 million to fund growth and working capital
• Placement agents D. Boral Capital LLC and uSmart Securities provide market distribution support

Negative

• Issuance of 14,850,000 new Class A shares may dilute existing shareholders
• Offering priced at $0.5454 per share reflects a low public offering price

Argus Feb 10 session

-29.73% close to close Open Argus

Details

News Market Reaction – NCI

In the Feb 10 session, NCI declined 29.73%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -29.7% in the session following this news. A negative reaction despite the offerin...

Analysis

The stock dropped -29.7% in the session following this news. A negative reaction despite the offering’s cash infusion would fit concerns over dilution at $0.5454 versus a prior $1.18 market price. With limited historical data and a prior earnings event that saw a 4% gain, a sharp decline would mark a divergence. Investors would likely focus on how efficiently the roughly US$8.1M gross proceeds are used and ongoing governance or regulatory risks.

Key Figures

Offering price: $0.5454 per share Shares offered: 14,850,000 shares Gross proceeds (press release): approximately US$8.1 million +5 more

Offering price

$0.5454 per share

Public offering of Class A ordinary shares

Shares offered

14,850,000 shares

Class A ordinary shares in the public offering

Gross proceeds (press release)

approximately US$8.1 million

Expected gross proceeds before fees and expenses

Max gross proceeds (POS AM)

US$8,099,190

Maximum gross proceeds per POS AM filing

Net proceeds before expenses

US$7,694,231

Estimated after 5% placement commission

Recent market price

US$1.18 per share

Reference price in POS AM versus offering price

Revenue

HK$60.2M (US$7.7M)

Six months ended June 30, 2025

Net income

HK$2.0M (US$0.3M)

Six months ended June 30, 2025

Historical Context

1 past event · Latest: Nov 21

1 event

1. Nov 21

   Earnings update

   24h Move

   +4.0%

   First-half 2025 results with lower revenue but higher earnings and EPS.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

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

6 terms

public offering financial

"today announced the pricing of its public offering on February 9, 2026"

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

"of 14,850,000 Class A ordinary shares at a public offering price"

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.

placement agent financial

"D. Boral Capital LLC is acting as the lead placement agent"

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

"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 is being 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

"was declared effective by the Securities and Exchange Commission"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Hong Kong, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”), a one-stop apparel solution services provider, today announced the pricing of its public offering on February 9, 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, are expected to be approximately $8.1 million. The offering is expected to close on February 11, 2025, subject to customary closing conditions. The Company intends to utilize the net proceeds from the Offering for expanding its business and for general working capital.

D. Boral Capital LLC is acting as the lead placement agent and uSmart Securities Limited is acting as joint placement agent (together with D. Boral Capital LLC, the “Placement Agents”) in connection with this Offering. Loeb & Loeb LLP is acting as U.S. legal counsel to the Company and Mclaughlin & Stern, LLP is acting as legal counsel to the Placement Agents for the Offering.

The securities described above are being 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 is being 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NCI announce about the February 9, 2026 public offering?

NCI priced an offering of 14,850,000 Class A shares at $0.5454 per share. According to the company, gross proceeds are expected to be approximately $8.1 million before fees and expenses for expansion and working capital.

How will NCI use the net proceeds from the offering (Nasdaq: NCI)?

The company said net proceeds will be used for business expansion and general working capital. According to the company, the funds are intended to support operations and growth initiatives without further specification.

Who are the placement agents for NCI's public offering (NCI)?

D. Boral Capital LLC is the lead placement agent and uSmart Securities Limited is joint placement agent. According to the company, both firms are acting together to manage the distribution of the offering.

Where can investors obtain the NCI prospectus and filing details?

Investors can access the registration statement and prospectus on EDGAR at the SEC website. According to the company, electronic copies will also be available from D. Boral Capital LLC when the final prospectus is released.

How might the NCI offering affect existing shareholders?

The issuance of 14,850,000 new Class A shares will dilute existing ownership percentages. According to the company, the dilution results from the new shares issued in the offering at the stated price.