Republic Power Group Limited Announces Pricing of Initial Public Offering

Rhea-AI Summary

Republic Power Group (NASDAQ:RPGL) priced its initial public offering of 2,120,000 Class A ordinary shares at $4.00 per share, with 1,250,000 shares offered by the company and 870,000 by selling shareholders.

The Class A shares are approved to list on the Nasdaq Capital Market and are expected to begin trading on October 14, 2025. The company expects aggregate gross proceeds of $5.0 million before underwriting discounts and expenses; selling shareholders expect $3.48 million. The offering is expected to close on or about October 15, 2025.

Net proceeds are planned for R&D, marketing, capital expenditures, recruitment and possible future acquisitions. Bancroft Capital is lead managing underwriter.

Positive

• Offering priced at $4.00 per share
• Approved to list on Nasdaq Capital Market starting Oct 14, 2025
• Company expects $5.0 million gross proceeds
• Offering conducted on a firm commitment basis

Negative

• Gross proceeds are stated before underwriting discounts and expenses
• Selling shareholders are offering 870,000 shares (receiving $3.48 million gross)

Insights

Equity capital markets analyst

IPO priced at $4.00; modest net proceeds expected to fund growth initiatives.

Republic Power Group$4.00 per share, with expected company gross proceeds of $5 million and selling shareholders receiving $3.48 million. The shares are approved to begin trading on the Nasdaq Capital Market under ticker "RPGL" on October 14, 2025, and the offering is expected to close on or about October 15, 2025.

The transaction mechanically provides immediate liquidity to selling shareholders and supplies the company with a modest capital infusion earmarked for research and development, marketing, hiring, CapEx, and potential acquisition opportunities. Key dependencies include successful closing under customary conditions and the company’s ability to convert gross proceeds into measurable progress on the listed uses of funds.

Watch the actual net proceeds after underwriting discounts and expenses, the closing on or about October 15, 2025, and initial Nasdaq volume and filings (final prospectus) for dilution and share‑count clarity; those items will determine near‑term capital runway and execution scope over the next 6–12 months.

SINGAPORE, Oct. 14, 2025 /PRNewswire/ -- Republic Power Group Limited (the "Company"), a provider of customized enterprise resource planning software solutions, consulting and technical support services, and peripheral hardware, announced the pricing of its initial public offering (the "Offering") of 2,120,000 Class A ordinary shares, 1,250,000 of which are being offered by the Company and 870,000 by selling shareholders at a price to the public of US$4.00 per Class A ordinary share. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on October 14, 2025 under the ticker symbol "RPGL."

The Company expects to receive aggregate gross proceeds of US$5 million from the Offering, before deducting underwriting discounts and other related expenses. The selling shareholders expect to receive aggregate gross proceeds of US$3.48 million before deducting underwriting discounts and expenses. The Offering is expected to close on or about October 15, 2025, subject to the satisfaction of customary closing conditions.

Net proceeds from the Offering will be used by the Company for research and development, investment in marketing and branding, and other capital expenditures, recruitment of talented professionals, and general corporate purposes and possible future acquisitions and growth opportunities.

The Offering is being conducted on a firm commitment basis. Bancroft Capital, LLC ("Bancroft Capital") is acting as the lead managing underwriter and book-runner for the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the Company, and The Crone Law Group, P.C. is acting as U.S. counsel to Bancroft Capital in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") (File Number: 333-288465) and, as amended, was declared effective by the SEC on September 30, 2025. The Offering is being made only by means of a prospectus forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained, when available, from Bancroft Capital at 501 W Office Center Dr # 130, Fort Washington, PA 19034, or via email at InvestmentBanking@bancroft4vets.com, or telephone at (484) 546-8000. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.

Before you invest, you should read the registration statement and the preliminary prospectus contained therein and the final prospectus, when available, and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities 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 such state or jurisdiction.

About  Republic Power Group Limited

Republic Power Group Limited is a provider of customized enterprise resource planning software solutions, consulting and technical support services, and peripheral hardware to large and small to medium corporate clients and government agencies based in Singapore and Malaysia. For more information, please visit the Company's website at https://republicpower.net/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering and use of proceeds. 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, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," or other similar expressions in this prospectus. 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.

For more information, please contact:

Republic Power Group Limited
Email: ir@republicpower.net

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SOURCE Republic Power Group Limited

FAQ

What price and share count did Republic Power Group set for its IPO (RPGL) on October 14, 2025?

Republic Power Group priced 2,120,000 Class A shares at $4.00 per share on October 14, 2025.

How much gross proceeds will Republic Power Group (RPGL) receive from the IPO?

The company expects to receive aggregate gross proceeds of $5.0 million before underwriting discounts and expenses.

When will RPGL begin trading on Nasdaq and what is the ticker?

Class A ordinary shares are expected to commence trading on October 14, 2025 on the Nasdaq Capital Market under the ticker RPGL.

Who is selling shares and how many will selling shareholders offer in the RPGL IPO?

Selling shareholders are offering 870,000 Class A ordinary shares and expect gross proceeds of $3.48 million.

How will Republic Power Group use the net proceeds from the RPGL offering?

Net proceeds are planned for research and development, marketing and branding, capital expenditures, recruitment, and possible future acquisitions and growth opportunities.

When is the RPGL offering expected to close and who is the lead underwriter?

The offering is expected to close on or about October 15, 2025, with Bancroft Capital acting as lead managing underwriter and book-runner.