Neo-Concept International Group Holdings Ltd Announces Pricing of $2.0 Million Registered Direct Offering

The purchaser may elect to buy up to 200% additional shares or pre-funded warrants at the same price, subject to certain conditions.

Rhea-AI Summary

Neo-Concept International Group Holdings (NASDAQ: NCI) entered into securities purchase agreements for a registered direct offering estimated to raise approximately $2.0 million. The offering covers 2,000,000 Class A ordinary shares at $1.00 each, or pre-funded warrants at $0.99 each with a $0.01 per-share exercise price. Estimated gross proceeds are before placement agent fees and other offering expenses.

The purchaser may elect to buy up to 200% additional shares and/or pre-funded warrants at the same purchase price within 60 days of September 30, 2026, subject to certain conditions. The company expects closing on or about October 1, 2026, subject to customary closing conditions. Univest Securities is the sole placement agent.

1 point · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Offering funding is estimated at approximately $2.0 million in gross proceeds before fees and expenses. 62% of market cap

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.2,000,000 Class A shares or pre-funded warrants add dilution at $1.00 per share or $0.99 per warrant.
• Minor point. Forward-looking: it has not happened yet and may not happen.Purchaser option for up to 200% additional shares and/or pre-funded warrants within 60 days creates potential further dilution.
• Minor point. Forward-looking: it has not happened yet and may not happen.Placement agent fees and other offering expenses will reduce proceeds available to the company.

News Explained

The offering is agreed but not yet closed; if the 2,000,000 securities are issued as shares—or pre-funded warrants are exercised—the resulting shares increase the share count and reduce existing holders’ percentage ownership.

Argus 15 min delay 42 alerts

+18.25% vs previous close $1.49 last price 500.1x rel. volume Open Argus

Details

Market move: NCI +18.25% vs previous close. registered direct offering

-31.9% Trough in 6 min

$1.49 – $2.54 Day Range

$3.84M Market Cap

On Sep 30, the day this news came out, the latest delayed price for NCI is 18.25% above the previous close. Argus tracked a trough of -31.9% from its starting point during tracking. Our momentum scanner has recorded 42 alerts for this stock so far that day. The latest delayed price is $1.49. Relative volume is exceptionally heavy at 500.1x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Shares offered: 2,000,000 shares Offering price: $1.00 per share Pre-funded warrant price: $0.99 per warrant +4 more

Shares offered

2,000,000 shares

Class A ordinary shares or pre-funded warrants in lieu

Offering price

$1.00 per share

Class A ordinary shares

Pre-funded warrant price

$0.99 per warrant

Each warrant has a $0.01 per-share exercise price

Potential additional securities

Up to 200% additional

Purchaser election at the same price, subject to conditions

Election period

60 days

Purchaser may elect to buy additional shares or warrants

Gross proceeds

$2.0 million

Before placement agent fees and other offering expenses

Expected closing

October 1, 2026

Subject to customary closing conditions

Previous Offering Reports

1 past event · Latest: Feb 11

Same Type 1 event

1. Feb 11

   Public offering

   24h Move

   -17.4%

   Closed a public offering of 14.85 million shares at $0.5454 each for approximately $8.1 million gross.

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

Key Terms

pre-funded warrants, registered direct offering, shelf registration statement, form f-3, +1 more

5 terms

pre-funded warrants financial

"or pre-funded warrants in lieu of Class A ordinary shares"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

registered direct offering financial

"in a registered direct offering"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

shelf registration statement regulatory

"pursuant to a shelf registration statement on Form F-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form f-3 regulatory

"on Form F-3, as amended"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

prospectus supplement regulatory

"A final prospectus supplement and accompanying prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

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

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HONGKONG, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Ltd (NASDAQ: NCI) (“Neo-Concept” or the “Company”), a one-stop apparel solution services provider, today announced that it has entered into securities purchase agreements with certain institutional investor for the purchase and sale of 2,000,000 of the Company’s Class A ordinary shares (the “Class A ordinary shares”) (or pre-funded warrants in lieu of Class A ordinary shares), at an offering price of $1.00 per share (or $0.99 per pre-funded warrant, which is equal to the per share offering price minus the $0.01 per share exercise price of each pre-funded warrant), in a registered direct offering(the “Offering”).In addition, the purchaser may elect to purchase up to 200% additional Class A ordinary shares and/or pre-funded warrants at the same purchase price within sixty (60) days of the date hereof, subject to certain conditions.

The gross proceeds to the Company from the registered direct offering are estimated to be approximately $2.0 million before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about October 1, 2026, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.

The registered direct offering is being made pursuant to a shelf registration statement on Form F-3, as amended (File No. 333-297635) previously filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) and became effective on July 30, 2026. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

About Neo-Concept International Group Holdings Ltd

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.nci-global.com.

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 current expectations and projections about future events and financial trends 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,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update 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 in its other filings with the U.S. Securities and Exchange Commission.

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 is the price of Neo-Concept's NCI registered direct offering?

The offering price is $1.00 per Class A ordinary share, or $0.99 per pre-funded warrant. Each pre-funded warrant has a $0.01 per-share exercise price. The offering covers 2,000,000 Class A ordinary shares or pre-funded warrants in lieu of shares.

When is Neo-Concept's NCI registered direct offering expected to close?

Neo-Concept expects the offering to close on or about October 1, 2026, subject to satisfaction of customary closing conditions.