Welcome to our dedicated page for Texxon Holding news (Ticker: NPT), a resource for investors and traders seeking the latest updates and insights on Texxon Holding stock.
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Texxon Holding (Nasdaq:NPT) priced an initial public offering of 1,900,000 ordinary shares at $5.00 per share for aggregate gross proceeds of $9.5 million, with an underwriter over-allotment option for up to 285,000 additional shares. The ordinary shares are approved to begin trading on the Nasdaq Capital Market on October 22, 2025, and the Offering is expected to close on or about October 23, 2025, subject to customary closing conditions.
Net proceeds are intended for: (i) construction and expansion of a Henan polystyrene factory, (ii) updating the supply chain management platform, and (iii) working capital. The Offering is on a firm commitment basis with D. Boral Capital LLC as sole book-running manager.
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