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Vantage Corp Announces Closing of $13 Million Initial Public Offering

SINGAPORE, June 13, 2025 (GLOBE NEWSWIRE) -- Vantage Corp (NYSE:VNTG) ("Vantage" or the "Company"), a shipbroking company providing comprehensive services including brokerage, consultancy, and operational support in the tanker market, today announced the closing of its underwritten initial public offering (the "Offering") of 3,250,000 Class A Ordinary Shares at a public offering price of $4.00 per share, for aggregate gross proceeds of approximately $13 million, prior to deducting underwriting discounts and other offering expenses. The Offering closed on June 13, 2025 and the Company's Class A Ordinary Shares began trading on the NYSE American on June 12, 2025, under the symbol "VNTG".

In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 487,500 Common Shares at the public offering price per share to cover over-allotments, if any.

Network 1 Financial Securities, Inc., a full-service broker/dealer, acted as the sole managing underwriter and bookrunner for the initial public offering. Loeb & Loeb LLP acted as legal counsel to Vantage Corp and Hunter Taubman Fischer & Li LLC acted as legal counsel to Network 1 Financial Securities, Inc. for the Offering.

The Offering is being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-282566), relating to the shares being sold in the Offering initially filed with the ...