KUALA LUMPUR, Malaysia, March 06, 2025 (GLOBE NEWSWIRE) — Sagtec Global Limited (NASDAQ:SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions that has revolutionized Malaysia’s Food and Beverage industry with Speed+, a pioneering cloud point of sale (POS) system integrated QR Pay, today announced the pricing of its initial public offering (the “Offering”) of an aggregate 1,750,000 ordinary shares at a public offering price of $4.00 per share. In addition, the Company has granted the sole book-running manager a 30-day option (the “Over-Allotment Option”) to purchase up to an additional 262,500 ordinary shares from the Company at the initial public offering price, less underwriting discounts and commissions. The Company expects to receive total gross proceeds from the Offering of approximately $7 million, before deducting underwriting discounts and commissions and offering expenses, excluding any exercise of the Over-Allotment Option.
The ordinary shares are expected to begin trading on the Nasdaq Capital Market on March 7, 2025, under the ticker symbol “SAGT”. The Offering is expected to close on March 10, 2025, subject to customary closing conditions.
The Benchmark Company, LLC is acting as sole book-running manager for the Offering.
The Offering is being conducted pursuant to the Company’s …
