OrangeKloud Technology Inc. Announces Closing of $13.1 Million Initial Public Offering – Notice Global Internet

SINGAPORE, July 26, 2024 (GLOBE NEWSWIRE) — OrangeKloud Technology Inc. (“ORKT” or “the Company”) today proclaimed the approaching of its previously proclaimed initial open substance of an aggregative 2,750,000 Class A Ordinary Shares (“the Offering”) at a toll of $4.75 per deal (“the Offering Price”) to the public, for a amount of roughly US$13.1 meg of large proceeds to the Company, before deducting underwriting discounts and substance expenses. The shares began trading on the NASDAQ Capital Market on July 25, 2024, low the symbolisation “ORKT.” In addition, the Company has acknowledged the underwriters an option, exercisable within 45 life from the approaching fellow of the Offering, to acquire up to an added 412,500 Class A mediocre shares at the Offering Price, representing 15% of the Class A mediocre shares oversubscribed in the Offering (“the Overallotment”).

Assuming that the Overallotment is exercised, the Company is due to obtain large proceeds amounting to roughly US$15.0 meg before deducting underwriting discounts and commissions and estimated substance expenses.

Maxim Group, LLC (“Maxim”) is the mend Book-Running trainer for the offering. physiologist & physiologist LLP, Bird & Bird ATMD LLP and Harney Westwood & Riegels island LLP are performing as U.S., Singapore, and Cayman Islands jural direction to the Company, respectively, and Pryor Cashman LLP is performing as U.S. jural direction to Maxim for the Offering.

The Offering and resale entrance evidence is existence conducted pursuant to the Company’s Registration Statement on Form F-1 (File No. 333-277162), as amended, proclaimed trenchant by the U.S. Securities and Exchange Commission (“SEC”) on July 24, 2024. The Offering is existence prefabricated exclusive by effectuation of a prospectus. Before you invest, you should feature the catalogue and another documents the Company has filed or module enter with the SEC for more aggregation most the Company and the Offering. You haw intend these documents for liberated by temporary EDGAR on the SEC Website at www.sec.gov. Alternatively, electronic copies of the catalogue relating to the Offering haw be obtained from Maxim Group, LLC, 300 Park Avenue, 16^th Floor, New York, NY 10022, by sound at +1 (212) 895-3500, or by telecommunicate at syndicate@maximgrp.com. In addition, a double of the test prospectus, when available, relating to the Offering haw be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should feature the catalogue and another documents the Company has filed or module enter with the SEC for more aggregation most the Company and the Offering. This advise promulgation has been embattled for informational purposes exclusive and shall not represent an substance to delude or the collection of an substance to acquire these securities, nor shall there be some understanding of these securities in some land or powerfulness in which much offer, collection or understanding would be outlaw preceding to entrance or fittingness low the securities laws of some much land or jurisdiction.

Story continues

FORWARD-LOOKING STATEMENTS
Certain statements contained in this advise promulgation most forthcoming expectations, plans and prospects, as substantially as some another statements regarding matters that are not arts facts, haw represent “forward-looking statements” within the message of the Private Securities Litigation Reform Act of 1995. These statements include, but are not restricted to, statements relating to the due trading outset and approaching dates. The text “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and kindred expressions are witting to refer forward-looking statements, though not every forward-looking statements include these identifying words. Actual results haw dissent materially from those indicated by much forward-looking statements as a termination of different essential factors, including: the uncertainties attendant to mart conditions and the termination of the open substance on the expected cost or at all, and another factors discussed in the “Risk Factors” country of the origin catalogue filed with the SEC. For these reasons, among others, investors are cautioned not to locate unreasonable certainty upon some forward-looking statements in this advise release. Any forward-looking statements contained in this advise promulgation intercommunicate exclusive as of the fellow hereof, and OrangeKloud Technology Inc. specifically disclaims some obligation to update some forward-looking statement, whether as a termination of newborn information, forthcoming events or otherwise, eliminate as required by law.

About OrangeKloud Technology Inc.
Orangekloud Technology Inc. (NASDAQ: ORKT) is a Singapore-based profession consort which offers the eMOBIQ® No-Code papers to amend ambulatory applications specially fashioned for Small and Medium Enterprises (SMEs) and corporations. There is a flat of eMOBIQ® ambulatory applications fashioned to digitalize and streamline playing processes in dealings including warehousing, income visit processing, conveying and manufacturing. Customers of eMOBIQ® comes from different industries including matter manufacturing and matter assist industry, exactitude engineering, construction, retail, energy, and depot direction sectors.

OrangeKloud Technology Inc. Investor Relations Contact:
1 Yishun Industrial Street 1 #04-27/28 & 34 Aposh Building Bizhub
Singapore 768160
(+65) 6317 2050
Email: ir@orangekloud.com

Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New royalty 10036
Office: (646) 893-5835
Email: info@skylineccg.com