Sagtec Global Limited Launches Initial Public Offering Highlights
Sagtec Global Limited Launches Initial Public Offering
Sagte, a frontrunner in the software sector, is thrilled to announce its initial public offering. This strategic move is marking a milestone for the company, which has transformed the Food and Beverage (F&B) industry with its innovative solutions.
Details of the Offering
During this offering, Sagtec plans to sell 1,750,000 ordinary shares, priced at $4.00 each. In addition to the primary offering, the company has allowed the book-running manager to exercise an over-allotment option, allowing for an additional 262,500 shares to be sold. This expansion presents Sagtec with the opportunity to potentially boost its gross proceeds to around $7 million.
Trading Timeline
The ordinary shares are set to commence trading on the Nasdaq Capital Market shortly, listed under the ticker symbol "SAGT". This debut marks a significant step forward for the company and it anticipates closing the offering soon.
Role of the Underwriter
The Benchmark Company, LLC has been appointed as the sole book-running manager for this initiative. Their expertise will ensure a seamless transition into the public market for Sagtec.
Regulatory Compliance
The offering complies with the company's registration filed with the U.S. Securities and Exchange Commission under Form F-1, necessary for facilitating this public listing. The registration has achieved effective status recently, enabling Sagtec to move forward.
About Sagtec Global Limited
Sagte operates as a leading provider of tailored software solutions, primarily focusing on the F&B sector. Their flagship product, Speed+, integrates a cloud-based POS system equipped with QR Pay capabilities, meeting modern consumer demands. Beyond the F&B sector, they offer diverse services, including software development and data management across multiple industries. A notable aspect of their operations includes managing convenient power-bank charging stations through their subsidiary, which have spread to over 300 locations.
Company Contact Information
For further inquiries, Kevin Ng, Chairman and Executive Director, can be reached directly. Prospective investors or clients seeking more information about Sagtec can use the following contact details:
Email: info@sagtec-global.com
Phone: +6011-6217 3661
Frequently Asked Questions
What is Sagtec Global Limited known for?
Sagte is recognized for its customizable software solutions, particularly in the Food and Beverage industry.
When will the shares begin trading?
Shares are expected to start trading under the ticker "SAGT" soon after the offering closes.
How much capital does Sagtec plan to raise?
The company aims to raise around $7 million through this initial public offering.
Who is managing the initial public offering?
The Benchmark Company, LLC is managing the offering process for Sagtec.
What additional services does Sagtec provide?
In addition to POS systems, Sagtec offers software development, data management, and operates power-bank charging stations across various locations.
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