HONG KONG, March 27, 2025 — Intercont (Cayman) Limited (“Intercont” or the “Company”), a global shipping company planning to venture into seaborne pulping, has announced the pricing of its initial public offering (the “Offering”). The offering consists of 1,500,000 ordinary shares (the “Ordinary Shares”) priced at $7.00 per share. Intercont anticipates gross proceeds of $10,500,000 from the offering, before accounting for underwriting discounts and other offering-related expenses. The Ordinary Shares are slated for listing on the Nasdaq Capital Market and are expected to begin trading on March 28, 2025, New York time, under the ticker symbol “NCT”.

Furthermore, Intercont has granted the underwriters an option to purchase up to an additional 225,000 Ordinary Shares at the initial public offering price, less underwriting discounts, to cover potential over-allotments. This option is exercisable within 45 days from the closing of the Offering.

The Offering is anticipated to close on March 31, 2025, pending the fulfillment of standard closing conditions.

Intercont intends to allocate the net proceeds from the offering to (i) bolster its working capital and financial flexibility for fleet expansion, raw material procurement, marketing initiatives, and general corporate purposes, (ii) advance onboard pulp manufacturing technologies to enhance yields, (iii) engage experts to promote maritime environmental, social, and governance (ESG) matters, the industrialization process, and explore related commercial opportunities, and (iv) expand its research and development, marketing, and manufacturing teams.

The Offering is being managed on a firm commitment basis. Kingswood Capital Partners, LLC is the sole book-runner (the “Underwriter”) for the Offering. Jun He Law Offices LLC is serving as U.S. securities counsel to Intercont, while Ortoli Rosenstadt LLP is acting as U.S. securities counsel to the Underwriter in connection with the Offering.

A registration statement on Form F-1 (File No 333-282394) concerning the Offering has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on March 27, 2025. The offering is being made exclusively through a prospectus that forms part of the registration statement. Copies of the prospectus can be obtained from Kingswood Capital Partners, LLC at 126 E 56th Street, Suite 22S, New York, NY, via email at info@kingswoodus.com, or by telephone at +1-800-535-6981, when available. The prospectus is also accessible on the SEC’s website at .

Prior to investing, it is advisable to review the prospectus and other documents filed or to be filed with the SEC for comprehensive information about Intercont and the offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall any sale of securities occur in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Intercont (Cayman) Limited

Intercont (Cayman) Limited is a global shipping company with plans to integrate seaborne pulping operations. Led by a visionary management team, Intercont is committed to delivering efficient and environmentally conscious transportation solutions through innovative business models and technology.

For more information, please visit: .

Forward Looking Statement

This press release includes forward-looking statements regarding plans, objectives, goals, strategies, future events, performance, underlying assumptions, and other statements that are not statements of historical fact. The use of terms like “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions indicates forward-looking statements. These statements include, without limitation, statements concerning the expected trading of Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. Such statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from expectations. These risks and uncertainties include, but are not limited to, market conditions, the successful completion of the initial public offering on the anticipated terms or at all, and other factors outlined in the “Risk Factors” section of the registration statement filed with the SEC. Investors are cautioned against placing undue reliance on these forward-looking statements. Additional factors are detailed in the company’s filings with the SEC, available at www.sec.gov. Intercont undertakes no obligation to revise these statements to reflect events or circumstances that occur after the date of this release.

For more information, please contact:

At the Underwriter:
Kingswood Capital Partners, LLC
126 E 56th Street, Suite 22S, New York, NY
Email:
Telephone: +1-800-535-6981

Investor Relations:
DragonRider
Email:
Telephone: +86-152-6882-9069

At the Company:
Intercont (Cayman) Limited

+852-3848-1720

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