ECRUX IPO plan: Harrison Global (BLMZ) targets $10–$15M raise
Rhea-AI Filing Summary
Harrison Global Holdings Inc., formerly BloomZ Inc., reported that its subsidiary ECRUX Inc. (Cayman Islands) is advancing plans for an initial public offering on the Nasdaq Capital Market. The IPO aims to raise approximately $10–$15 million, following a $5 million pre-IPO round.
Proceeds are expected to support M&A activity, fund formation for ECRUX Venture Partners in Korea, and general operating capital. After the offering, ECRUX Inc. is expected to remain the top-tier entity above BloomZ Inc. (Hong Kong) and ECRUX Venture Partners. GGF CPA LTD has been engaged to perform PCAOB audits for the fiscal years ending September 30, 2024 and 2025 to support the listing process.
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Insights
Planned ECRUX IPO targets $10–$15M to fund expansion via M&A and new funds.
The disclosure centers on ECRUX Inc., a Harrison Global subsidiary, planning a Nasdaq Capital Market IPO. The targeted capital raise of
Proceeds are expected to be allocated to M&A, fund formation for ECRUX Venture Partners, and general operating capital, which ties the transaction directly to business growth initiatives. The company has engaged GGF CPA LTD to complete PCAOB-standard audits for fiscal years ending
The impact ultimately depends on successful execution of the IPO and subsequent deployment of capital. Future disclosures around IPO timing, pricing, and post-offering ownership structure would further clarify how this listing affects Harrison Global’s consolidated financial profile.