Sagtec Global Limited Announces Pricing of Initial Public Offering

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The story "Sagtec Global Limited Announces Pricing of Initial Public Offering" was covered 2 days ago by Benzinga, a news publisher based in United States.

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Sagtec Global Limited Announces Pricing of Initial Public Offering - Benzinga

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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.

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.

The Company expects to receive total gross proceeds from the Offering of approximately $7 million, before deducting underwriting discounts and commissions and offering expenses, excluding any exercise of the Over-Allotment Option.