Smart Logistics Global Limited Announces Pricing of Its Initial Public Offering

Rhea-AI Summary

Smart Logistics Global (NASDAQ:SLGB) priced its initial public offering of 1,000,000 ordinary shares at $5.00 per share for gross proceeds of $5,000,000. The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on October 15, 2025. The underwriters have a 45-day overallotment option for up to 150,000 additional shares. The Offering is expected to close on October 16, 2025, pending customary closing conditions. Planned use of proceeds: 50% infrastructure, 30% working capital, 20% research and development.

Positive

• Gross proceeds of $5.0M from the Offering
• Listing on Nasdaq Capital Market expected Oct 15, 2025
• Clear use of proceeds: 50% infrastructure, 30% working capital, 20% R&D

Negative

• Overallotment option capped at 150,000 shares (15%)
• Offering close contingent on customary closing conditions

Insights

Equity Capital Markets Analyst

IPO priced at $5.00, raising $5,000,000; Nasdaq listing expected.

The company is selling 1,000,000 ordinary shares at $5.00 per share with an over-allotment option of 150,000 shares and a planned Nasdaq Capital Market listing under SLGB. The deal is structured on a firm commitment basis and lists typical underwriting parties and closing mechanics.

Use of proceeds is split: 50% for infrastructure, 30% for working capital and 20% for research and development, which ties capital deployment to operational growth rather than one-off items. Key near-term items to watch are the expected trading start on October 15, 2025, the closing date October 16, 2025, and whether the underwriters exercise the 45-day over-allotment option; these events will determine immediate supply and short-term float.

Hong Kong, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Smart Logistics Global Limited (the “Company” or “SLGB”), a Hong Kong-based business-to-business contract logistics solution provider, today announced the pricing of its initial public offering (the “Offering”) of 1,000,000 ordinary shares (the “Ordinary Shares”) at a public offering price of $5.00 per share for total gross proceeds of $5,000,000, before deducting underwriting discounts and other offering expenses. The Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on October 15, 2025, under the ticker symbol “SLGB”.

The Company has granted the underwriters an option to purchase up to an additional 150,000 Ordinary Shares at the public offering price, less underwriting discounts, to cover the over-allotment option, exercisable within 45 days from the closing date of the Offering. The Offering is expected to close on October 16, 2025, subject to the satisfaction of customary closing conditions.

The Offering is being conducted on a firm commitment basis. Craft Capital Management LLC is acting as the representative of the underwriters, with Revere Securities LLC acting as the co-manager (collectively, the “Underwriters”) for the Offering.

The Company intends to use 50% of the proceeds from this Offering for infrastructure investments, 30% for working capital and the remaining 20% for research and development expenses.

A registration statement on Form F-1 (File No. 333-288664) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the “SEC“) and was declared effective by the SEC on September 30, 2025. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, from Craft Capital Management LLC: 377 Oak St, Lower Concourse, Garden City, NY 11530, or via email at info@craftcm.com or telephone at (800) 550-8411. In addition, a copy of the final prospectus can also be obtained via the SEC’s website at www.sec.gov.

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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these 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 any such state or jurisdiction.

About Smart Logistics Global Limited
Since 2018, Smart Logistics Global Limited has been a business-to-business (B2B) contract logistics provider in China, focusing on industrial raw materials transportation. The Company offers tailored, cost-efficient logistics solutions primarily through land-only transportation services for large institutional clients with long-term contracts. By leveraging its proprietary Transportation Management System to optimize routes and equipment, the Company also commits to a scalable model via investments in advanced logistics infrastructure, including its 110,000-square-meter smart logistics park in Jiangxi and 7 full-truck load centres strategically located in China, which effectively enhances its operations and growth potential. For more information, please visit: https://www.smartlogisticsglobal.com/.

Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
Underwriters:
Craft Capital Management LLC
(800)550-8411
info@craftcm.com

Revere Securities LLC
(866)991-8918
info@reveresecurities.com

Investor Relations:

WFS Investor Relations Inc.
Janice Wang
Email: services@wfsir.com 
+1 628 283 9214

FAQ

What size and price did SLGB set for its October 2025 IPO?

SLGB priced 1,000,000 shares at $5.00 per share for gross proceeds of $5,000,000.

When will SLGB begin trading on Nasdaq and under what ticker?

Ordinary Shares are expected to commence trading on October 15, 2025 on Nasdaq Capital Market under SLGB.

Does the SLGB offering include an overallotment option and how large is it?

Yes. Underwriters have a 45-day option to purchase up to 150,000 additional shares at the offering price.

How does SLGB plan to use the net proceeds from the IPO?

The company intends to allocate proceeds: 50% infrastructure, 30% working capital, 20% research and development.

When is the SLGB offering expected to close?

The Offering is expected to close on October 16, 2025, subject to customary closing conditions.