Empro Group Inc. Closes Additional $460,000 in Share Sales.

Thursday, Jul 31, 2025 8:40 am ET1min read
EMPG--

• Empro Group Inc. closed sales of 115,000 ordinary shares at $4.00/share. • Raising gross proceeds of $460,000 in addition to $5.5 million IPO. • Underwriter R.F. Lafferty & Co. conducted the Offering on a firm commitment basis. • Pryor Cashman LLP acted as U.S. counsel to the Company. • Sichenzia Ross Ferencik LLP acted as U.S. counsel to the Underwriter.

Empro Group Inc. (EMPG), a Malaysian beauty and personal care brand, has successfully closed the sales of an additional 115,000 ordinary shares at $4.00 per share. This partial exercise of the underwriter’s over-allotment option generated an additional $460,000 in gross proceeds, bringing the total capital raised to approximately $5.96 million. The initial public offering (IPO) was priced at $4.00 per share, with the additional shares representing about 8.4% of the original offering.

The IPO was conducted on a firm commitment basis by R.F. Lafferty & Co., Inc., which acted as the sole underwriter. Pryor Cashman LLP served as U.S. counsel to the Company, while Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to the Underwriter. The company's registration statement on Form F-1 was declared effective by the SEC on July 1, 2025.

Empro Group Inc. is a rising beauty and personal care brand headquartered in Malaysia, with a growing presence across Southeast Asia and Europe. The company's offerings include cosmetics, skincare, and healthcare products. The successful completion of the IPO and regulatory requirements with the SEC demonstrates the company's ability to navigate compliance hurdles and access U.S. capital markets.

The successful completion of the IPO with additional share sales indicates moderate but not overwhelming investor interest. The relatively modest size of the offering ($5.96 million) suggests that Empro Group Inc. is still an emerging player in the industry. However, the company's completion of all regulatory requirements with the SEC shows that it has cleared significant compliance hurdles to access U.S. capital markets.

For more information, investors are encouraged to read the prospectus and other documents filed with the SEC. The final prospectus related to the offering can be obtained from R.F. Lafferty & Co., Inc., or via the SEC’s website at www.sec.gov.

References:
[1] https://www.stocktitan.net/news/EMPG/empro-group-inc-announces-closing-of-the-underwriter-s-partial-yt7ytul5etdn.html

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet