SINGAPORE, June 13, 2025 — Vantage Corp (NYSE American: VNTG) (“Vantage” or the “Company”), a shipbroking firm offering brokerage, consulting, and operational assistance in the tanker sector, today announced the completion of its initial public offering (the “Offering”) of 3,250,000 Class A Ordinary Shares. The shares were priced at $4.00 each, resulting in gross proceeds of approximately $13 million before deducting underwriting discounts and other offering expenses. The Offering concluded on June 13, 2025, and the Company’s Class A Ordinary Shares commenced trading on the NYSE American on June 12, 2025, under the ticker symbol “VNTG”.
Furthermore, the Company has granted the underwriters the option to purchase up to an additional 487,500 Common Shares at the initial public offering price per share within 45 days, to cover potential over-allotments.
Network 1 Financial Securities, Inc., a full-service broker/dealer, served as the sole managing underwriter and bookrunner for the IPO. Loeb & Loeb LLP acted as legal counsel to Vantage Corp, while Hunter Taubman Fischer & Li LLC provided legal counsel to Network 1 Financial Securities, Inc. for the Offering.
The Offering is being conducted according to the Company’s registration statement on Form F-1, as amended (File No. 333-282566), related to the shares being sold in the Offering, initially submitted to the U.S. Securities and Exchange Commission (the “SEC”) on October 9, 2024, and declared effective by the SEC on June 11, 2025. The Offering was conducted solely through a prospectus. The final prospectus pertaining to the Offering was filed with the SEC on June 13, 2025, and is accessible on the SEC’s website at . Copies of the final prospectus related to the Offering can be obtained from Network 1 Financial Securities, Inc., The Galleria, 2 Bridge Avenue, Suite 241, Red Bank, NJ 07701.
Prior to making any investment decisions, it is advisable to review the prospectus and other documents that the Company has submitted or will submit to the SEC for detailed information about the Company and the Offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities mentioned herein. Furthermore, no sale of these securities shall 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.
Forward-Looking Statements
This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995’s “safe harbor” provisions, including statements about the intended use of the proceeds. Forward-looking statements can be identified by the use of words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely”, and similar terms. These statements reflect Vantage’s current expectations regarding future events and involve known and unknown risks and uncertainties. Actual results may differ significantly from those implied by these statements. These statements are subject to uncertainties and risks, including those related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Investors are advised not to place undue reliance on these forward-looking statements. Additional factors are detailed in the Company’s filings with the SEC, available at www.sec.gov. The Company does not undertake any obligation to revise these forward-looking statements to reflect events or circumstances occurring after the date of this release.
About Vantage Corp
Established in 2012 by five experienced shipbrokers, Vantage Corp offers comprehensive shipbroking services, including operational support and consultancy, in the tanker markets, focusing on clean petroleum products (“CPP”) and petrochemicals, dirty petroleum products (“DPP”), biofuels, and vegetable oils. Vantage Corp also includes a sales & projects team, a research/strategy team, and an IT team. Over the years, Vantage has become a trusted intermediary and a key link between oil companies, traders, shipowners, and commercial managers, facilitating smooth cargo delivery and timely demurrage and claims settlements. The Company currently operates in Singapore and Dubai. For more information, visit .
Investor Relations
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
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