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CTW Cayman ("CTW" or "the Company"), a leading game platform company providing global access to web-based games through its flagship HTML5 platform, G123.jp, which showcases a diverse selection of free-to-play games inspired by popular Japanese animations, today announced the pricing of the initial public offering (the "Offering") of 2,400,000 Class A ordinary shares at a public offering price of $5.00 per share. The ordinary shares have been approved for listing on The Nasdaq Capital Market and are expected to commence trading on August 6, 2025, under the ticker symbol "CTW".
The Company expects to receive aggregate gross proceeds of $12.0 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 360,000 Class A ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about August 7, 2025, subject to the satisfaction of customary closing conditions.
Proceeds from the Offering will be used primarily to support the Company's global market expansion initiatives, which are expected to account for approximately 85% of the net proceeds, with the remainder allocated to general working capital and other corporate purposes.
Posted In: CTW
