Hong Kong, July 14, 2025 – Grande Group Limited (“GRAN” or the “Company”) (Nasdaq: GRAN), a financial services provider based in Hong Kong that primarily offers corporate finance advisory and IPO sponsor services through its Hong Kong subsidiary, Grande Capital Limited, announced today that the underwriter (the “Underwriter”) of its initial public offering (the “Offering”) has fully exercised its over-allotment option (the “Over-allotment”). This involves purchasing an additional 281,250 Class A ordinary shares (the “Class A Ordinary Shares”) of the Company at the public offering price of US$5.00 per share, and the issuance has been completed.
Trading of the Class A Ordinary Shares on the Nasdaq Capital Market began on July 1, 2025, under the ticker symbol “GRAN.”
The gross proceeds from the closing of this Over-allotment were US$1,406,250, bringing the total gross proceeds from the Offering to approximately US$10.78 million, before accounting for underwriting discounts and other offering expenses.
The Company intends to use the net proceeds from the Offering to strengthen its corporate finance advisory business, develop its asset management business, establish equity capital market services, and for general working capital needs.
The Offering was conducted on a firm commitment basis. Cathay Securities, Inc. served as the Underwriter for the Offering. Ortoli Rosenstadt LLP acted as the U.S. securities counsel to the Company. Ogier acted as the British Virgin Islands legal counsel to the Company. Loong & Yeung and David Fong & Co. served as the Hong Kong legal counsels to the Company. WWC, P.C. served as the independent registered public accounting firm of the Company. Hunter Taubman Fischer & Li LLC served as the U.S. securities counsel to the Underwriter in connection with the Offering.
The Offering was carried out according to the Company’s Registration Statement on Form F-1 (File No. 333-283705), which was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on June 30, 2025. The Offering was made exclusively through a prospectus. Copies of the final prospectus related to the Offering can be obtained from Cathay Securities, Inc.: 40 Wall St Suite 3600, New York, NY 10005, United States, Attention: Shell Li, or via email at or telephone at +1 (855) 939-3888, or via the SEC’s website at .
Before investing, it is important to read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Furthermore, no sale of these securities may occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.
About Grande Group Limited
Grande Group Limited, through its Hong Kong subsidiary, Grande Capital Limited, is a Hong Kong-based financial services provider specializing in corporate finance advisory and IPO sponsor services. Grande Capital Limited is licensed by the Securities and Futures Commission of Hong Kong (“HKSFC”) to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong. For more details, visit:
Forward-Looking Statement
This press release contains forward-looking statements. These statements involve plans, objectives, goals, strategies, future events or performance, and underlying assumptions, as well as other statements that are not statements of historical facts. The use of words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters indicates forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations discussed in these statements. These uncertainties and risks include, but are not limited to, those related to market conditions and the completion of the initial public offering on the anticipated terms or at all, as well as other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements. Additional factors are discussed in the Company’s filings with the SEC, which are available at www.sec.gov. The Company does not undertake any obligation to publicly revise these statements to reflect events or circumstances that occur after the date of this release.
For more information, please contact:
Grande Group Limited Investor Relations Contact:
Christensen Advisory
Joanna Quan
Email:
Tel: +86-10-5900-1548