Ten-League International Holdings Limited Announces Closing of Initial Public Offering
Ten-League International Holdings (NASDAQ:TLIH), a Singapore-based provider of turnkey project solutions, has successfully completed its initial public offering. The company offered 2,240,000 ordinary shares at $4.00 per share, with 1,607,840 shares from the company and 632,160 from selling shareholders.
The IPO generated gross proceeds of $6.43 million for Ten-League. The funds will be allocated to expand product offerings, improve automation processes, pursue strategic acquisitions, enhance marketing efforts, repay bank debt, and support working capital needs. Trading began on the Nasdaq Capital Market on July 8, 2025, with Bancroft Capital serving as the sole underwriter.
[ "Successfully raised $6.43 million in gross proceeds from IPO", "Secured listing on Nasdaq Capital Market", "Clear allocation strategy for IPO proceeds including growth initiatives", "Firm commitment underwriting from Bancroft Capital" ]Ten-League International Holdings (NASDAQ:TLIH), un fornitore di soluzioni chiavi in mano con sede a Singapore, ha completato con successo la sua offerta pubblica iniziale. La società ha offerto 2.240.000 azioni ordinarie a 4,00 dollari per azione, di cui 1.607.840 azioni provenienti dalla società e 632.160 da azionisti venditori.
L’IPO ha generato proventi lordi per 6,43 milioni di dollari per Ten-League. I fondi saranno destinati all’espansione dell’offerta di prodotti, al miglioramento dei processi di automazione, all’acquisizione strategica, al potenziamento delle attività di marketing, al rimborso del debito bancario e al supporto del capitale circolante. Le azioni hanno iniziato a essere negoziate sul Nasdaq Capital Market l’8 luglio 2025, con Bancroft Capital come unico sottoscrittore.
- Raccolti con successo 6,43 milioni di dollari di proventi lordi dall’IPO
- Ottenuta la quotazione sul Nasdaq Capital Market
- Strategia chiara di allocazione dei proventi dell’IPO, inclusa l’espansione
- Impegno fermo di sottoscrizione da parte di Bancroft Capital
Ten-League International Holdings (NASDAQ:TLIH), un proveedor de soluciones llave en mano con sede en Singapur, ha completado con éxito su oferta pública inicial. La compañía ofreció 2.240.000 acciones ordinarias a 4,00 dólares por acción, de las cuales 1.607.840 acciones provinieron de la empresa y 632.160 de accionistas vendedores.
La oferta pública generó ingresos brutos de 6,43 millones de dólares para Ten-League. Los fondos se destinarán a ampliar la oferta de productos, mejorar los procesos de automatización, realizar adquisiciones estratégicas, fortalecer las acciones de marketing, pagar deudas bancarias y apoyar las necesidades de capital de trabajo. La negociación comenzó en el Nasdaq Capital Market el 8 de julio de 2025, con Bancroft Capital como único suscriptor.
- Recaudados con éxito 6,43 millones de dólares en ingresos brutos por la IPO
- Conseguida la cotización en Nasdaq Capital Market
- Estrategia clara para la asignación de los ingresos de la IPO, incluyendo iniciativas de crecimiento
- Compromiso firme de suscripción por parte de Bancroft Capital
Ten-League International Holdings (NASDAQ:TLIH)는 싱가포르에 본사를 둔 턴키 프로젝트 솔루션 제공업체로, 성공적으로 기업공개(IPO)를 완료했습니다. 회사는 2,240,000 보통주를 주당 4.00달러에 제공했으며, 이 중 1,607,840주는 회사에서, 632,160주는 기존 주주가 매도했습니다.
이번 IPO를 통해 Ten-League는 총 643만 달러의 자금을 조달했습니다. 조달된 자금은 제품 라인 확장, 자동화 프로세스 개선, 전략적 인수 추진, 마케팅 강화, 은행 부채 상환 및 운전자본 지원에 사용될 예정입니다. 주식은 2025년 7월 8일 나스닥 캐피털 마켓에서 거래를 시작했으며, Bancroft Capital이 단독 인수인으로 참여했습니다.
- IPO를 통해 643만 달러의 총 자금 성공적으로 조달
- 나스닥 캐피털 마켓 상장 확보
- 성장 계획을 포함한 IPO 자금 배분 전략 명확
- Bancroft Capital의 확정 인수 계약 체결
Ten-League International Holdings (NASDAQ:TLIH), un fournisseur de solutions clés en main basé à Singapour, a réussi son introduction en bourse. La société a proposé 2 240 000 actions ordinaires à 4,00 dollars par action, dont 1 607 840 actions émises par la société et 632 160 par des actionnaires vendeurs.
L’introduction en bourse a généré des produits bruts de 6,43 millions de dollars pour Ten-League. Les fonds seront utilisés pour élargir l’offre de produits, améliorer les processus d’automatisation, poursuivre des acquisitions stratégiques, renforcer les efforts marketing, rembourser la dette bancaire et soutenir les besoins en fonds de roulement. Les actions ont commencé à être négociées sur le Nasdaq Capital Market le 8 juillet 2025, avec Bancroft Capital comme unique souscripteur.
- Levée réussie de 6,43 millions de dollars de produits bruts lors de l’introduction
- Obtention de la cotation sur le Nasdaq Capital Market
- Stratégie claire d’allocation des fonds de l’IPO incluant des initiatives de croissance
- Engagement ferme de souscription de Bancroft Capital
Ten-League International Holdings (NASDAQ:TLIH), ein in Singapur ansässiger Anbieter von schlüsselfertigen Projektlösungen, hat erfolgreich seinen Börsengang abgeschlossen. Das Unternehmen bot 2.240.000 Stammaktien zu je 4,00 US-Dollar an, davon 1.607.840 Aktien vom Unternehmen und 632.160 von verkaufenden Aktionären.
Der Börsengang brachte Ten-League Bruttoerlöse von 6,43 Millionen US-Dollar. Die Mittel werden verwendet, um das Produktangebot zu erweitern, Automatisierungsprozesse zu verbessern, strategische Akquisitionen voranzutreiben, Marketingaktivitäten zu verstärken, Bankverbindlichkeiten zu tilgen und den Betriebskapitalbedarf zu unterstützen. Der Handel begann am 8. Juli 2025 am Nasdaq Capital Market, wobei Bancroft Capital als alleiniger Underwriter fungierte.
- Erfolgreiche Beschaffung von 6,43 Millionen US-Dollar Bruttoerlösen aus dem Börsengang
- Notierung am Nasdaq Capital Market gesichert
- Klarer Verwendungsplan der IPO-Erlöse inklusive Wachstumsinitiativen
- Festes Underwriting-Engagement von Bancroft Capital
- None.
- Relatively small IPO size may limit institutional investor interest
- Portion of shares (632,160) sold by existing shareholders rather than for company growth
- Proceeds partially allocated to debt repayment rather than pure growth initiatives
Insights
Ten-League's $6.4M IPO provides modest capital for expansion but faces challenges with its small offering size.
Ten-League International Holdings has completed its $4.00 per share IPO, raising
This represents a relatively small public offering for a Nasdaq listing, which warrants careful consideration. The modest
The company's decision to list on Nasdaq despite the offering's small size suggests it's seeking the prestige and potential future access to capital that comes with a U.S. exchange listing. However, small-cap IPOs often face challenges including limited analyst coverage, potential liquidity issues, and higher relative compliance costs. The selection of Bancroft Capital as the sole underwriter, rather than a major investment bank, aligns with the offering's smaller scale.
For a newly public company, Ten-League now faces the typical post-IPO challenges of meeting quarterly expectations while executing on its stated expansion plans with relatively limited new capital. The success of this IPO will ultimately depend on how efficiently management deploys the proceeds and demonstrates growth to justify the public listing.
SINGAPORE, July 09, 2025 (GLOBE NEWSWIRE) -- Ten-League International Holdings Limited (Nasdaq: TLIH) (the “Company” or “Ten-League”), a Singapore-based provider of turnkey project solutions, today announced the closing of its initial public offering (the “Offering”) of 2,240,000 ordinary shares, 1,607,840 of which were offered by the Company and 632,160 by selling shareholders, at a public offering price of US
The Company received aggregate gross proceeds of US
Proceeds from the Offering will be used for: (i) expanding the Company’s product offering; (ii) improving the Company’s automation process and investing in equipment and technology; (iii) expanding through strategic targeted acquisitions and investments; (iv) marketing and brand building; (v) repayment of bank borrowing, and (vi) working capital and other general corporate purposes.
The Offering was conducted on a firm commitment basis. Bancroft Capital, LLC acted as the sole underwriter for 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: 333-275240), as amended, and was declared effective by the SEC on June 30, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering, may be obtained from Bancroft Capital, LLC by email at investmentbanking@bancroft4vets.com, by standard mail to 501 Office Center Drive, Suite 130, Fort Washington, PA 19034, or by telephone at +1 (484) 546-8000. In addition, copies of the final prospectus relating to the Offering, when available, may be obtained via the SEC's website at www.sec.gov.
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 Ten-League International Holdings Limited
Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions. The Company’s business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. The equipment is organized into four categories based on their functions and application scenarios: foundation equipment, hoist equipment, excavation equipment and port machinery. The Company also provides value-added engineering solutions under engineering consultancy services with the aim to address potential safety issues, enhance reliability and productivity and allow for customers to evaluate the performance of the equipment, the quality of the work completed and the progress of their projects. Ten-League’s mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair through continuous adaptation and application of new technologies. For more information, please visit the Company’s website: https://ir.ten-league.com.sg/.
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 find many (but not all) of these statements by the use of words such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate” 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:
Ten-League International Holdings Limited
Investor Relations Department
Email: ir@ten-league.com.sg
Ascent Investor Relations LLC
Tina Xiao
Phone: +1 646-932-7242
Email: investors@ascent-ir.com
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