Sagtec Global Limited Announces Pricing of Initial Public Offering

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KUALA LUMPUR, Malaysia, March 06, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ("Sagtec” or the "Company”), a leading provider of customizable software solutions that has revolutionized Malaysia’s Food and Beverage industry with Speed+, a pioneering cloud point of sale (POS) system integrated QR Pay, today announced the pricing of its initial public offering (the "Offering”) of an aggregate 1,750,000 ordinary shares at a public offering price of $4.00 per share.

Known and unknown risks, uncertainties and other factors, including those listed under "Risk Factors” in the registration statement on Form F-1 related to the Offering, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements.

In addition, the Company has granted the sole book-running manager a 30-day option (the "Over-Allotment Option”) to purchase up to an additional 262,500 ordinary shares from the Company at the initial public offering price, less underwriting discounts and commissions.

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Article Details

Author / Journalist: Sagtec Global Limited

Category: Technology

Markets: ChinaMalaysiaUnited States

Topics: Nasdaq:SAGT TEMP12345678

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 01:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 674 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26711410

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