Singapore, July 08, 2025 — Delixy Holdings Limited (the “Company” or “Delixy”), a Singapore-based enterprise specializing in the commerce of petroleum products, today revealed the final pricing of its initial public offering (the “Offering”) of 2,000,000 ordinary shares, each with a par value of US$0.000005 (“Ordinary Shares”). Of these, 1,350,000 shares are being issued by the Company, and 650,000 are being offered by the selling shareholders Mega Origin Holdings Limited (contributing 325,000 Ordinary Shares) and Novel Majestic Limited (contributing 325,000 Ordinary Shares) (the “Selling Shareholders”), at a public offering price of US$4.00 per Ordinary Share. Concurrently with the Offering, the Company is also filing a resale prospectus for the resale of 3,000,000 Ordinary Shares held by Cosmic Magnet Limited, Rosywood Holdings Limited, Dragon Circle Limited, Novel Majestic Limited, and Golden Legend Ventures Limited (the “Resale Shareholders”). The Ordinary Shares have been cleared for listing on the Nasdaq Capital Market and are scheduled to begin trading on July 9, 2025, under the ticker symbol “DLXY.”
The Company anticipates generating total gross proceeds of US$5.4 million from the Offering, prior to accounting for underwriting fees and associated costs. Delixy will not benefit financially from the common shares sold by the Selling Shareholders or Resale Shareholders in this Offering. The Offering is projected to finalize around July 10, 2025, contingent upon meeting standard closing requirements.
Funds generated from the Offering are earmarked for: (i) broadening its range of products; (ii) enhancing its standing in the market; (iii) exploring potential strategic acquisitions and collaborative ventures, such as joint ventures or strategic partnerships; and (iv) overall operational liquidity and general corporate needs.
This Offering is structured as a firm commitment underwriting. Bancroft Capital, LLC is serving as the exclusive lead underwriter for the Offering. Ortoli Rosenstadt LLP is acting as U.S. legal counsel to the Company, with a team headed by William S. Rosenstadt and Mengyi “Jason” Ye, while Nelson Mullins Riley & Scarborough LLP is providing U.S. legal representation to the Underwriters, under the guidance of W. David Mannheim, Ashley Wu, and Kathryn Simons, regarding this Offering.
A Form F-1 registration statement concerning this Offering (File Number: 333-283248), including amendments, was submitted to and deemed effective by the U.S. Securities and Exchange Commission (the “SEC”) on July 8, 2025. This Offering is exclusively conducted through a prospectus, which constitutes a component of the registration statement. Once finalized, copies of the prospectus for the Offering can be acquired from Bancroft Capital, LLC at 501 Office Center Drive, Suite 130, Fort Washington, PA 19034, or by calling +1 (484) 546-8000. Furthermore, the final prospectus, once released, will be accessible on the SEC’s website at .
Prospective investors are advised to review the prospectus and other materials the Company has submitted or plans to submit to the SEC for comprehensive details regarding the Company and this Offering before making any investment decisions. This announcement is neither an offer to sell nor a solicitation to purchase any of the Company’s securities; furthermore, these securities will not be offered or sold in the United States without prior registration or an available exemption from registration requirements. Similarly, no offer, solicitation, or sale of the Company’s securities will occur in any state or jurisdiction where such actions would be illegal absent prior registration or qualification under local securities laws.
About Delixy Holdings Limited
Delixy Holdings Limited is a Singapore-based enterprise primarily involved in the commercial exchange of petroleum-related products, such as (i) crude oil and (ii) refined petroleum products like fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals, and naphtha (heavy gasoline). With operations spanning various nations in Southeast Asia, East Asia, and the Middle East, Delixy has built a significant footprint in the regional oil commerce sectors. Although Delixy possesses a varied range of oil products, the trading of crude oil forms a central component of its operations. The Company utilizes its robust established connections with clients and vendors, alongside extensive industry knowledge, to offer enhanced services, including customized advice on effective trading approaches and necessary shipping and logistical assistance. Furthermore, the Company’s financial resources enable it to offer credit terms to clients while concurrently fulfilling suppliers’ prompt payment conditions. For more information, please visit the company’s website: .
Forward-Looking Statements
This announcement contains certain forward-looking statements, encompassing, but not limited to, the Company’s planned offering. Such statements carry inherent known and unknown risks and uncertainties. They are founded on the Company’s present outlook and forecasts concerning future occurrences that the Company believes could influence its financial health, operational outcomes, business approach, and funding requirements, including the anticipation of a successful completion of the Proposed Offering. These statements are often identifiable (though not exclusively) by terms like “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate”, or other comparable phrases within this prospectus. The Company is not obligated to publicly update or modify any forward-looking statements to account for later events, changing conditions, or shifts in its expectations, unless legally mandated. While the Company considers the outlook presented in these forward-looking statements to be reasonable, it cannot guarantee their accuracy. Investors are cautioned that actual outcomes could vary significantly from projections, and they are encouraged to examine other influencing factors on its future performance detailed in the Registration Statement and additional SEC filings.
For media inquiries, please contact:
Delixy Holdings Limited
Investor Relations Division
Email:
Ascent Investor Relations LLC
Tina Xiao
Telephone: +1-646-932-7242
Email: