Neo-Concept prices $8.1 million public offering at $0.5454 per share

Neo-Concept International Group Holdings Limited (NASDAQ: NCI) announced the pricing of its public offering of 14,850,000 Class A ordinary shares at $0.5454 per share on February 9, 2026.

The Hong Kong-based apparel solution services provider expects to receive approximately $8.1 million in gross proceeds before deducting placement agent fees and other offering expenses. The offering is scheduled to close on February 11, 2025, subject to customary closing conditions.

The company stated it intends to use the net proceeds for expanding its business and general working capital purposes.

D. Boral Capital LLC serves as the lead placement agent while uSmart Securities Limited acts as joint placement agent for the offering. Loeb & Loeb LLP represents the company as U.S. legal counsel, and Mclaughlin & Stern, LLP serves as legal counsel to the placement agents.

The securities are being offered under a registration statement on Form F-1 (File No. 333-288993) that was declared effective by the Securities and Exchange Commission on February 9, 2025.

Neo-Concept operates as a one-stop apparel solution services provider, offering services including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management. The company serves customers in European and North American markets and sells its own branded apparel products under the "Les100Ciels" brand through retail stores in the UK and UAE, as well as through e-commerce platforms.

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