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Neo-Concept closes offering with about $2M gross

Directors and officers agreed to a 90-day post-closing transfer restriction, subject to customary exceptions, while net proceeds are intended for working capital.

(Neutral)

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Form Type
6-K

Rhea-AI Filing Summary

Neo-Concept International Group Holdings Ltd (NCI) closed an offering on October 1, 2026, of 250,000 Class A ordinary shares at $1.00 per share and pre-funded warrants to purchase up to 1,750,000 Class A ordinary shares at $0.99 per warrant. The company received approximately $2.0 million in gross proceeds before placement agent fees and estimated offering expenses and intends to use net proceeds for working capital.

Each pre-funded warrant gives its holder the right to purchase one Class A ordinary share at $0.01 per share. The pricing announcement also described a purchaser election to buy up to 200% additional Class A ordinary shares and/or pre-funded warrants at the same purchase prices within 60 days of September 30, 2026, subject to certain conditions. Directors and officers agreed not to sell or transfer their securities for 90 days after closing, subject to customary exceptions.

Univest Securities, LLC served as exclusive placement agent and is entitled to a cash fee of 7% of gross proceeds, plus reimbursement at closing of legal and other expenses up to $50,000.

Filing Explained

The completed offering includes pre-funded warrants for up to 1.75 million shares at a $0.01 exercise price; if exercised, those shares increase the share count and reduce existing holders’ ownership percentages, absent offsetting changes.

Class A ordinary shares offered 250,000 shares Offering price of $1.00 per share
Shares underlying pre-funded warrants Up to 1,750,000 shares Pre-funded warrants offered at $0.99 each
Class A ordinary share purchase price $1.00 per share Offering price
Pre-funded warrant purchase price $0.99 per warrant Offering price
Pre-funded warrant exercise price $0.01 per share Each warrant is exercisable for one Class A ordinary share
Gross proceeds Approximately $2.0 million Before placement agent fees and estimated offering expenses
Placement agent fee 7% of aggregate gross proceeds Payable in cash
Director and officer lock-up 90 days Following the offering closing, subject to customary exceptions
registered direct offering financial
"in a registered direct offering"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
Pre-Funded Warrants financial
"the “Pre-Funded Warrants”"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
placement agent fee financial
"placement agent fee in cash equal to seven percent"
Lock-Up Agreements financial
"the “Lock-Up Agreements”"
A lock-up agreement is a contract that prevents company insiders—founders, employees, and early investors—from selling their shares for a set period after a public stock offering. It matters to investors because it keeps a large block of shares off the market temporarily; when the lock-up ends, those holders can sell and this increased supply can cause the stock price to fall, similar to a timed release that suddenly opens a valve.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much gross proceeds did NCI receive?

NCI received approximately $2.0 million in gross proceeds before placement agent fees and estimated offering expenses. The company intends to use net proceeds for working capital.

What securities did NCI sell in the offering?

NCI offered 250,000 Class A ordinary shares at $1.00 per share and pre-funded warrants to purchase up to 1,750,000 Class A ordinary shares at $0.99 per warrant.

What are the terms of NCI's pre-funded warrants?

Each pre-funded warrant gives its holder the right to purchase one Class A ordinary share at an exercise price of $0.01 per share.

How long is NCI's director and officer lock-up?

Each director and officer agreed not to sell or transfer securities held by them during the 90-day period following the October 1, 2026 closing, subject to customary exceptions.

Could the purchaser buy additional NCI securities?

The purchaser may elect to buy up to 200% additional Class A ordinary shares and/or pre-funded warrants at the same purchase prices within 60 days of September 30, 2026, subject to certain conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number: 001-42016

 

 

 

Neo-Concept International Group Holdings Ltd

(Registrant’s Name)

 

 

 

10/F, Seaview Centre

No. 139-141 Hoi Bun Road

Kwun Tong

Kowloon, Hong Kong

(Address of Principal Executive Offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

On September 30, 2026, Neo-Concept International Group Holdings Limited (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with a single institutional investor, pursuant to which the Company agreed to issue and sell (the “Offering”): (i) 250,000 Class A ordinary shares of the Company, par value $0.0025 per share (the “Class A Ordinary Shares”) (the “Shares”), at a purchase price of $1.00 per share; and (ii) pre-funded warrants to purchase up to 1,750,000 Class A Ordinary Shares (the “Pre-Funded Warrants”) at a purchase price of $0.99 per Pre-Funded Warrant.

 

The Offering closed on October 1, 2026. The Company received approximately $2.0 million in gross proceeds from the Offering, before deducting placement agent fees and estimated offering expenses. The Company intends to use the net proceeds from the Offering for working capital.

 

Each Pre-Funded Warrant represents the right to purchase one (1) Class A Ordinary Share at an exercise price of $0.01 per share.

 

The Purchase Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations of the parties, and termination provisions.

 

Additionally, on September 30, 2026, each of the directors and officers of the Company entered into a lock-up agreement (collectively, the “Lock-Up Agreements”), pursuant to which each of them agreed not to sell or transfer any of the Company’s securities held by them, subject to certain customary exceptions, during the ninety (90)-day period following the closing of the Offering.

 

The Shares, the Pre-Funded Warrants and the Class A Ordinary Shares underlying the Pre-funded Warrants were offered by the Company pursuant to a registration statement on Form F-3 (File No. 333-297635), as amended (the “Registration Statement”) and a prospectus supplement dated September 30, 2026. The Registration Statement became effective on July 30, 2026.

 

On September 30, 2026, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Univest Securities, LLC (“Univest” or the “Placement Agent”), pursuant to which the Company engaged Univest as the exclusive placement agent in connection with the Offering. Under the Placement Agency Agreement, the Company agreed to pay the Placement Agent a placement agent fee in cash equal to seven percent (7%) of the aggregate gross proceeds raised from the sale. The Company also agreed to reimburse the Placement Agent at closing for legal and other expenses incurred by them in connection with the Offering in an amount not to exceed $50,000.

 

The foregoing summaries of the Pre-Funded Warrants, the Placement Agency Agreement, the Purchase Agreement and the Lock-Up Agreements do not purport to be complete and are subject to, and qualified in their entirety by, such documents, which are filed as Exhibits 4.1, 10.1, 10.2 and 10.3, respectively, hereto and incorporated by reference herein.

 

On September 30, 2026, the Company issued a press release announcing the pricing of the Offering, a copy of which is furnished as Exhibit 99.1 hereto.

 

This Report is incorporated by reference into the registration statement on Form F-3 (File No. 333-297635) and prospectus supplement of the Company, filed with the SEC, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

This Report shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

Forward-Looking Statements:

 

This Report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, the Company is using forward-looking statements when it discusses the closing of the Offering. All statements other than statements of historical facts included in this Report are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended December 31, 2025, filed with the Commission on April 30, 2026, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

Exhibit Index

 

 

Exhibit No.   Description
4.1   Form of Pre-Funded Warrant
5.1   Opinion of Harney Westwood & Riegels, regarding the validity of the Class A Ordinary Shares being registered
5.2   Opinion of Charles Wilson LLP, regarding the validity of the Pre-Funded Warrants being registered
10.1   Form of Placement Agency Agreement
10.2   Form of Securities Purchase Agreement
10.3   Form of Lock-up Agreement
99.1   Press Release on Pricing of the Company’s Registered Direct Offering, dated September 30, 2026

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Neo-Concept International Group Holdings Limited
   
  Date: October 1, 2026

 

  By: /s/ Pengfei Jiang
  Name:  Pengfei Jiang
  Title: Chief Executive Officer and Chairman of the Board

 

 

2

 

 

Exhibit 99.1

 

Neo-Concept International Group Holdings Ltd Announces Pricing of $2.0 Million Registered Direct Offering

 

HONGKONG, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Ltd (NASDAQ: NCI) (“Neo-Concept” or the “Company”), a one-stop apparel solution services provider, today announced that it has entered into securities purchase agreements with certain institutional investor for the purchase and sale of 2,000,000 of the Company’s Class A ordinary shares (the “Class A ordinary shares”) (or pre-funded warrants in lieu of Class A ordinary shares), at an offering price of $1.00 per share (or $0.99 per pre-funded warrant, which is equal to the per share offering price minus the $0.01 per share exercise price of each pre-funded warrant), in a registered direct offering(the “Offering”).In addition, the purchaser may elect to purchase up to 200% additional Class A ordinary shares and/or pre-funded warrants at the same purchase price within sixty (60) days of the date hereof, subject to certain conditions.

 

The gross proceeds to the Company from the registered direct offering are estimated to be approximately $2.0 million before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about October 1, 2026, subject to the satisfaction of customary closing conditions.

 

Univest Securities, LLC is acting as the sole placement agent.

 

The registered direct offering is being made pursuant to a shelf registration statement on Form F-3, as amended (File No. 333-297635) previously filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) and became effective on July 30, 2026. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

 

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

 

About Neo-Concept International Group Holdings Ltd

 

Neo-Concept International Group Holdings Limited (“NCI”) is a one-stop apparel solution services provider. It offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European and North American markets. It also sells its own branded apparel products under the brand “Les100Ciels” through retail stores in UK and the UAE as well as the e-commerce platform www.les100ciels.com.

 

NCI is dedicated to minimizing its environmental footprint by implementing various eco-friendly practices. It prioritizes recycling, clean processes, and traceable sourcing as part of its commitment to reducing environmental impact. Additionally, NCI actively seeks sustainable solutions throughout the garment production process, aiming to meet the needs of its customers in an environmentally responsible manner. For more information, visit the Company’s website at www.nci-global.com.

 

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 current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update 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 in its other filings with the U.S. Securities and Exchange Commission.

 

For enquiry, please contact:

 

Neo-Concept International Group Holdings Limited

10/F, Seaview Centre

No.139-141 Hoi Bun Road

Kwun Tong, Kowloon, Hong Kong

(+852) 2798-8639

Email: ir@neo-ig.com

 

Filing Exhibits & Attachments

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