CTRL Group Limited (the “Company”) (NasdaqCM: MCTR), a Hong Kong-based integrated marketing and advertising firm specializing in mobile game promotion, announced the pricing of its initial public offering (IPO). The IPO involves 2,000,000 ordinary shares (the “Offering”) priced at $4.00 per share. These shares are approved for listing on the Nasdaq Capital Market, with trading commencing on January 22, 2025, under the symbol “MCTR.”
The Company anticipates gross proceeds of $8 million from the Offering, excluding underwriting discounts and other expenses. The Offering is scheduled to close around January 23, 2025, contingent on standard closing conditions. The underwriters have a 45-day option to purchase up to an additional 300,000 ordinary shares at the IPO price, less underwriting discounts.
Proceeds will primarily fund expansion into new regions, working capital for mobile game operations, acquisitions of potential media companies, and general working capital.
R.F. Lafferty & Co., Inc., representing the underwriters, and Revere Securities LLC, as co-underwriter (collectively, the “Underwriters”), are handling the firm commitment offering. The Crone Law Group, P.C. served as U.S. legal counsel to the Company, and VCL Law LLP acted as legal counsel to the Underwriters.
The Offering aligns with the Company’s Registration Statement on Form F-1, as amended (File No. 333-277979) (the “Registration Statement”), declared effective by the U.S. Securities and Exchange Commission (“SEC”) on December 31, 2024. The Offering is solely through a prospectus, part of the Registration Statement. A final prospectus will be filed with the SEC and accessible on its website at . Alternatively, obtain electronic copies from R.F. Lafferty & Co., Inc. at 40 Wall Street, 27th Floor, New York, NY 10005, or call +212.293.9090.
Review the final prospectus and SEC filings for complete information before investing. This press release is for informational purposes only and does not constitute an offer to sell or solicitation to buy securities where unlawful.
About CTRL Group Limited
CTRL Group Limited’s wholly-owned subsidiary is an integrated marketing and advertising services provider in Hong Kong, focusing on mobile game promotion. It serves mobile game developers, primarily those with apps on platforms like the Apple Store or Android Google Play Store. Its significant market share and track record demonstrate its reach and relevance to Hong Kong advertisers. For more information, visit the Company’s website:
Forward-looking statement
This announcement contains forward-looking statements, including the proposed Offering. These statements involve risks and uncertainties and are based on the Company’s current expectations and projections. Words like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and similar expressions often indicate forward-looking statements. The Company is not obligated to update forward-looking statements, except as legally required. While the Company believes these statements are reasonable, actual results may differ materially. Investors should review the Company’s registration statement and SEC filings for additional information.
For more information, please contact:
Investor Relations
CTRL Group Limited
Phone: +852-3107-4887
Email: