Corporate ActionJun 22, 2026, 11:32 AM
3Knights Dynamics Group Plans IPO of 5M Class A Shares on Nasdaq
AI Summary
3Knights Dynamics Group Limited is planning an Initial Public Offering of 5,000,000 Class A Ordinary Shares, with an expected price range of $4 to $5 per share. The company intends to list its shares on the Nasdaq Capital Market under the symbol "TKDG". As a big data solutions provider based in Malaysia, the company will operate with a dual-class share structure and will be considered a "controlled company" due to WLG Holdings Sdn. Bhd.'s significant voting power. The offering is subject to Nasdaq's final approval for listing.
Key Highlights
- Initial Public Offering of 5,000,000 Class A Ordinary Shares.
- Expected initial public offering price between $4 and $5 per share.
- Intends to list Class A Ordinary Shares on Nasdaq Capital Market under symbol "TKDG".
- Company will have a dual-class share structure (Class A: 1 vote, Class B: 20 votes).
- WLG Holdings Sdn. Bhd. will be a controlled shareholder with 59.33% ownership and 82.06% voting power.
- Underwriting discount is 7.0% of gross proceeds.
- Underwriters granted option to purchase up to 15% additional Class A Ordinary Shares.
Price Impact