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K-Tech Solutions Company Limited Announces Pricing of US$6.4 Million Initial Public Offering

Hong Kong, July 15, 2025 (GLOBE NEWSWIRE) -- K-Tech Solutions Company Limited ("KMRK" or the "Company") is an established toy products design house specialized in the development of infant and pre-school educational toys and learning kits. The Company is headquartered in Hong Kong to provide full-fledged product development solutions to toy brands throughout the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. K-Tech Solutions Company Limited today announced the pricing of its firm commitment initial public offering of an aggregate 1,600,000 Class A Shares (the "Offering") priced at US$4.00 per share (the "Offering Price"). In addition, the Company has granted the underwriter a 30-day option ("Overallotment") to purchase up to an additional 240,000 Class A Shares at the initial public offering price, less underwriting discounts and commissions.

The gross proceeds to the Company from the Offering (assuming that the Overallotment is not exercised), before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, is expected to be approximately US$6,400,000.

The Company has granted the underwriter warrants, exercisable from the date of closing of the Offering and for a term of three years to purchase up to an additional 80,000 Class A Shares at 125% of the Offering Price, representing 5% of the Class A Shares issued in the Offering and the Over-allotment (the "Underwriters' Warrants").

Assuming that the Over-allotment is exercised, the Company may receive gross proceeds amounting up to US$7.36 million, before deducting underwriting discounts and commissions and estimated offering expenses.

The shares are expected to begin trading on the NASDAQ Capital Market under the ticker symbol "KMRK" on July 16, 2025. The Offering is expected to close on or about 17, 2025, subject to the satisfaction or waiver of customary closing conditions.

The Company intends to use the net proceeds from the Offering towards potential investments and/or acquisition of a factory in Vietnam and/or other South East Asian countries, expansion and recruitment of product designers and engineers, to ...