Corporate ActionAug 12, 2026, 05:19 PM
Ticketplus Exercises Over-Allotment Option, Raises $2.07M
AI Summary
Ticketplus Ltd. announced the partial exercise of its over-allotment option related to its initial public offering (IPO). The company sold an additional 258,814 Ordinary Shares at $8.00 per share, generating approximately $2.07 million in gross proceeds and $1.9 million in net proceeds. This follows the initial IPO of 1,875,000 Ordinary Shares, which raised $15 million in gross proceeds.
Key Highlights
- Ticketplus partially exercised its over-allotment option on August 12, 2026.
- An additional 258,814 Ordinary Shares were sold at $8.00 per share.
- This generated approximately $2.07 million in gross proceeds for the company.
- Net proceeds from the over-allotment exercise were approximately $1.9 million.
- The initial public offering consisted of 1,875,000 Ordinary Shares at $8.00 per share.
- The initial IPO generated aggregate gross proceeds of $15,000,000.
- The over-allotment option allowed for the purchase of up to 281,250 additional Ordinary Shares.
Price Impact
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