707 Cayman Holdings Limited Announces Pricing of $10.0 Million Initial Public Offering

HONG KONG, June 09, 2025 (GLOBE NEWSWIRE) -- 707 Cayman Holdings Limited ("707" or the "Company") (NASDAQ:JEM), a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions, today announced the pricing of its initial public offering (the "Offering") of an aggregate 2,500,000 ordinary shares at a public offering price of $4.00 per share for total gross proceeds of $10.0 million, before deducting underwriting discounts and offering expenses. The Company is offering 1,750,000 ordinary shares and the selling shareholder is offering in aggregate 750,000 ordinary shares. The Company will not receive any proceeds from any sale of shares by the selling shareholder.

The shares are scheduled to begin trading on the Nasdaq Capital Market on June 9, 2025, under the ticker symbol "JEM." The Offering is expected to close on or about June 10, 2025, subject to customary closing conditions.

Bancroft Capital, LLC is acting as sole underwriter for the Offering. Troy Gould PC is acting as U.S. legal counsel to the Company, and Sichenzia Ross Ference Carmel LLP is acting as U.S. legal counsel to Bancroft Capital, LLC.

This Offering is being conducted pursuant to ...