SINGAPORE, April 11, 2025 — iOThree Limited (NASDAQ: IOTR), a leading Singapore-based provider of maritime digital technologies, including satellite connectivity and digitalization solutions aimed at facilitating digital transformation within the maritime industry, announced the completion of its initial public offering (the “Offering”). The offering comprised 2,100,000 ordinary shares with a par value of $0.00625 each (the “Ordinary Shares”), priced at US$4.00 per share. Of these, 1,650,000 Ordinary Shares were sold by the Company and 450,000 by selling shareholders. iOThree did not receive proceeds from the shares sold by the selling shareholders. The Ordinary Shares began trading on the Nasdaq Capital Market on April 10, 2025, under the ticker symbol “IOTR”.

The Offering generated gross proceeds of $8,400,000, with $6,600,000 going to the Company and $1,800,000 to the selling shareholders. Additionally, the underwriters have been granted a 45-day option (the “Over-Allotment Option”) to purchase up to 247,500 Ordinary Shares to cover over-allotments at the initial public offering price, less underwriting discounts. The company plans to use the net proceeds from the offering for: (i) developing solutions to expand and improve its existing JARVISS solution offerings; (ii) obtaining class approval from major maritime organizations for its digital applications; (iii) marketing and branding efforts, including expanding its commercial sales team with marketing staff and investing in promotional activities to grow its customer base and brand; and (iv) working capital and general corporate purposes.

The Offering was a firm commitment offering. Eddid Securities USA Inc. served as the lead underwriter, and Network 1 Financial Securities, Inc. acted as a co-underwriter. Bevilacqua PLLC was the U.S. securities counsel to the Company, and Ortoli Rosenstadt LLP was the U.S. securities counsel to the lead underwriter for the Offering.

A registration statement on Form F-1 (File No. 333-276674) related to the Offering was initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 24, 2024, and declared effective on December 31, 2024, as amended by post-effective amendments declared effective on March 31, 2025. The Offering was conducted solely through a prospectus, copies of which can be obtained from Eddid Securities USA Inc. at 40 Wall Street, Suite 1606, New York, NY 10005, via email, or by phone at (+1) 212-363-6888; or from Network 1 Financial Securities, Inc. at 2 Bridge Avenue, Suite 241, Red Bank, NJ 07701, via email, or by phone at (+1) 732-758-9001. The registration statement is available on the SEC’s website: .

This press release is not an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.

About iOThree Limited

iOThree is a leading Singapore-based provider of maritime digital technologies, including satellite connectivity and digitalization solutions focused on enabling digital transformation in the maritime industry. The company was founded with the aim of taking an innovative approach to managing solutions tailored to modern needs and driving the digital evolution of the maritime sector.

For more information, please visit the Company’s website: .

Forward-Looking Statements

All forward-looking statements in this release, whether express or implied, are based solely on information currently available to the Company and speak only as of the date of this release. These statements can often be identified by the use of terms like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions. Unless required by law, the Company disclaims any obligation to update these statements to reflect events or circumstances after the date of this press release. These statements are subject to risks and uncertainties, including market conditions and other factors detailed in the “Risk Factors” section of the registration statement for the Offering filed with the SEC. While the Company believes its expectations are reasonable, it cannot guarantee their accuracy and cautions investors that actual results may differ materially. Investors are encouraged to review other factors that may affect the Company’s future results in its registration statement and other SEC filings. Additional factors are discussed in the Company’s SEC filings, which are available at .

For more information, please contact:

iOThree Limited
Investor Relations
Email:

HBK Strategy Limited
Katy Chan
Email:

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