SAG HOLDINGS LIMITED ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING AND LISTING ON THE NASDAQ CAPITAL MARKET
23 October 2024 - 8:35AM
SAG Holdings Limited (“SAG Holdings” or the “Company”), (Nasdaq:
SAG), a Singapore-based provider of high-quality Original Equipment
Manufacturer (“OEM”), third-party branded and in-house branded
replacement parts for motor vehicles and non-vehicle combustion
engines, announced today the pricing of its initial public offering
(the “Offering”) of 875,000 ordinary shares at a price of $8.00 per
share to the public, for a total of US$7,000,000 of gross proceeds
to the Company, before deducting underwriting discounts and other
offering expenses.
All of the ordinary shares are being offered by
the Company. The ordinary shares will begin trading on the Nasdaq
Capital Market on October 23, 2024, under the symbol “SAG.”
Wilson-Davis & Co., Inc., is acting as the
lead underwriter of the Offering. TroyGould PC is acting as U.S.
counsel to the Company.
A registration statement on Form F-1, as amended
(File No. 333-267771) relating to the Offering has been filed with
the Securities and Exchange Commission (the “SEC”) and was declared
effective by the SEC on September 30, 2024. The Offering is being
made only by means of a prospectus, forming part of the
registration statement. Copies of the final prospectus related to
the Offering may be obtained, when available, from Wilson-Davis
& Co., Inc., 236 South Main Street, Salt Lake City, UT 84101,
or by email at syndicate@wdco.com, or by telephone at (801)
532-1313. In addition, a copy of the final prospectus, when
available, relating to the Offering may be obtained via the SEC’s
website at www.sec.gov.
Before you invest, you should read the
prospectus and other documents the Company has filed or will file
with the SEC for more information about the Company and the
Offering. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy these securities, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About SAG Holdings
SAG Holdings is a leading Singapore-based
distributor dedicated to supplying high-quality spare parts across
a wide range of industries. On-Highway Division:
We provide an extensive range of genuine OEM and aftermarket parts
for passenger vehicles, trucks, and buses. Our offerings include
parts from manufacturers' brands, trusted third-party labels, and
our in-house brands.
Off-Highway Division: Catering
to industries like construction, marine, power generation, mining,
and transportation, we offer specialized spare parts focusing on
filtration systems, lubricants, batteries, and internal combustion
engine components.
Our unwavering commitment to quality ensures
customers experience maximum uptime, enhanced performance, and
reduced total cost of ownership throughout the lifecycle of their
machines. For more information, visit https://www.sag.sg.
Safe Harbor Statement
Statements in this press release about future
expectations, plans and prospects, as well as any other statements
regarding matters that are not historical facts, may constitute
“forward-looking statements” within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements relating to the expected trading
commencement and closing dates. The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,”
“potential,” “predict,” “project,” “should,” “target,” “will,”
“would” and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Actual results may
differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the
uncertainties related to market conditions and the completion of
the public offering on the anticipated terms or at all, and other
factors discussed in the “Risk Factors” section of the preliminary
prospectus filed with the SEC. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and SAG Holdings Limited specifically disclaims any obligation to
update any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
law.
Investor Relations
Contact:Matthew Abenante, IRCPresidentStrategic Investor
Relations, LLC Tel: 347-947-2093Email: matthew@strategic-ir.com
SAG (NASDAQ:SAG)
Historical Stock Chart
From Oct 2024 to Nov 2024
SAG (NASDAQ:SAG)
Historical Stock Chart
From Nov 2023 to Nov 2024