IPO - Fast Track Group

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Form Type: 424B4

Filing Date: 2025-05-23

Corporate Action: Ipo

Type: New

Accession Number: 000164117225012221

Filing Summary: Fast Track Group is conducting its initial public offering (IPO) of 3,750,000 Ordinary Shares at an initial public offering price of $4.00 per share, leading to total proceeds of approximately $15 million. The shares are set to be listed on the Nasdaq Capital Market under the symbol 'FTRK'. The IPO is conducted on a firm commitment basis with underwriters who will take and pay for all offered shares. Mr. Lim Sin Foo, Harris will hold approximately 54.56% of the total issued shares post-offering, ensuring control over shareholder matters. The offering involves underwriting discounts totaling $1,125,000, and the company expects to incur total cash expenses of approximately $1.41 million related to the offering. The registration statement also covers Representative’s Warrants, which will allow underwriters to purchase additional shares. The offering is anticipated to close on May 27, 2025, provided that listing approval from Nasdaq is obtained.

Additional details:

Underwriting Discount Per Share: 0.3


Offer Price: 4


Total Proceeds: 15000000


Proceeds Before Expenses: 13875000


Number Of Shares: 3750000


Total Cash Expenses: 1410000


Representatives Warrants Percentage: 10


Form Type: 8-A12B

Filing Date: 2025-05-23

Corporate Action: Ipo

Type: New

Accession Number: 000164117225012172

Filing Summary: Fast Track Group is registering its Ordinary Shares with a par value of US$0.001 per share pursuant to Section 12(b) of the Securities Exchange Act of 1934. This registration is part of their initial public offering (IPO) process. The shares will be listed on The Nasdaq Stock Market LLC. The document incorporates by reference the description of the Ordinary Shares from the prospectus in their Registration Statement on Form F-1 (File No. 333-286542) originally filed on April 14, 2025. No other securities are registered on The Nasdaq Stock Market LLC, and no exhibits are required to be filed with this form. The form was duly authorized and signed by Lim Sin Foo, the Chief Executive Officer and Director of Fast Track Group, on the filing date of May 23, 2025.

Additional details:

Title Of Class: Ordinary Shares


Par Value: US$0.001


Exchange Name: The Nasdaq Stock Market LLC


Registration Statement File Number: 333-286542


Form Type: F-1/A

Filing Date: 2025-05-20

Corporate Action: Ipo

Type: New

Accession Number: 000164117225011588

Filing Summary: Fast Track Group has filed an amendment to its F-1 registration statement with the SEC on May 20, 2025, to register securities in connection with its initial public offering. The amendment is primarily for the purpose of filing certain exhibits and amending the exhibit index of the Registration Statement. No material changes have been made to the prospectus or the information already set forth in the initial filing from April 14, 2025. The company emphasizes that the amendment does not alter the substantive aspects of its registration filing but serves procedural needs. Additionally, Fast Track Group, incorporated in Cayman Islands, issued shares to various investors in a reorganization process, which are outlined in the document, and it specifies the indemnification provisions applicable to its directors and officers under Cayman Islands law.

Additional details:

Address: 12 Mohamed Sultan Road, #04-01, Singapore 238961


Phone Number: +65 6531 0075


Agent For Service: COGENCY GLOBAL INC.


Agent Address: 122 East 42nd Street, 18th Floor New York, NY 10168


Agent Phone Number: +1-800-221-0102


Indemnification Provisions: The Cayman Islands laws do not limit indemnification provisions, except when contrary to public policy. The memorandum allows for broad indemnification of directors, subject to applicable laws.


Recent Sales Info: During the past three years, the company has issued shares exempt from registration under the Securities Act, including shares issued to Lim Sin Foo and others as part of a reorganization.


Form Type: F-1

Filing Date: 2025-04-14

Corporate Action: Ipo

Type: New

Accession Number: 000164117225004569

Filing Summary: Fast Track Group is initiating its initial public offering (IPO) by filing a registration statement under the Securities Act of 1933 to offer 3,750,000 Ordinary Shares, with anticipated pricing between $4 to $5 per share. This marks the establishment of a public market for its shares, which were previously privately held. The offering is contingent upon approval for listing on the Nasdaq under the symbol 'FTRK.' Major ownership will be held by Lim Sin Foo, with expected control over voting power due to a significant shareholding. The document states the business scope focuses on event management and marketing in the entertainment industry. Key risks include reliance on a small number of customers for revenue with a significant focus on major events and potential impacts from cancellation or postponement of events. The offering is categorized as a firm commitment basis, underscoring the underwriters' obligations to purchase the shares offered. Additionally, detailed information regarding underwriting discounts, proceeds, and the use of offering proceeds has been provided, alongside necessary disclaimers and indications of related-party transactions that underscore the complex nature of the company's revenue model.

Additional details:

Address: 12 Mohamed Sultan Road, #04-01, Singapore 238961


Telephone Number: +65 6531 0075


Underwriter: Alexander Capital, L.P.


Expected Listing: Nasdaq Capital Market


Offering Size: 3,750,000 Ordinary Shares


Initial Public Offering Price Range: $4 - $5


Estimated Total Proceeds: $16,875,000


Major Shareholder: Lim Sin Foo, Harris


Major Revenue Contributor: Single major customer accounted for 100% revenue for the six months ended August 31, 2024.


Emerging Growth Company: Yes


Total Cash Expenses: $1.41 million


Underwriting Discounts: $1,265,625


Form Type: POS AM

Filing Date: 2025-03-03

Corporate Action: Ipo

Type: New

Accession Number: 000149315225008833

Filing Summary: Fast Track Group is filing a Post Effective Amendment to their Form F-1 registration statement with the SEC on March 3, 2025, in connection with their initial public offering (IPO) of 3,000,000 ordinary shares, with an anticipated price range of $4 to $5 per share. This offering is contingent upon successful listing on the Nasdaq Capital Market under the symbol 'FTRK'. The document outlines the company's background in event management and marketing, emphasizing its operational focus, successful event management history with notable clients, and significant revenue dependency on a small number of key customers. The filing indicates that no additional securities are being registered under this amendment, and that prior registration fees were settled during the original filing on September 6, 2024. Fast Track Group has encountered no sales of securities under the previous offering and plans the sale to commence as soon as the registration statement becomes effective. The document also highlights potential risks associated with the business's dependency on major customers, essential personnel, and market conditions.

Additional details:

Registration Statement Number: 333-281969


Offer Price Range: $4 to $5


Total Shares Offered: 3,000,000


Emerging Growth Company: true


Listing Exchange: Nasdaq Capital Market


Symbol: FTRK


Underwriting Discounts: $0.34


Total Proceeds Before Expenses: $12,487,500


Representative Warrants: 10% of total shares sold


Form Type: POS AM

Filing Date: 2025-02-20

Corporate Action: Ipo

Type: New

Accession Number: 000149315225007686

Filing Summary: Fast Track Group is completing its initial public offering (IPO) with a planned offering of 3,000,000 ordinary shares, expected to price between $4 and $5 per share. The offering is contingent upon approval for listing on the Nasdaq Capital Market under the ticker 'FTRK'. The company is identified as an emerging growth company and has engaged in event management and marketing, deriving significant revenue from a limited number of major customers. Notably, the principal shareholder, Mr. Lim Sin Foo, Harris, is set to control approximately 56.56% of voting power post-offering. The filing modifies a previously submitted registration statement, which remains effective but has not yet concluded any securities sales. The document emphasizes risks associated with the business, including customer concentration and reliance on key personnel and relationships.

Additional details:

Primary Sic Code: 7900


Offering Size: 3,000,000 Ordinary Shares


Initial Public Offering Price Range: $4 to $5


Principal Shareholder Name: Mr. Lim Sin Foo, Harris


Shareholder Control Percentage: 56.56%


Form Type: POS AM

Filing Date: 2025-01-16

Corporate Action: Ipo

Type: New

Accession Number: 000149315225002516

Filing Summary: Fast Track Group is conducting its initial public offering (IPO) by offering 3,000,000 ordinary shares. The estimated IPO price ranges from $4 to $5 per share, with plans to list on the Nasdaq Capital Market under the symbol 'FTRK'. The offering is contingent upon successful listing approval. The company is labeled as an 'emerging growth company' and has structured its offering through underwriters, including Network 1 Financial Securities. Prior to this, the company filed a registration statement with the SEC, which was initially filed on September 6, 2024, and declared effective on November 29, 2024. The company has not yet closed its previous offering, and as of now, it relies heavily on a small number of major customers for its revenue.

Additional details:

Initial Public Offering Price: $4.50


Total Shares Offered: 3,000,000


Expected Proceeds Before Expenses: $12,487,500


Underwriter Name: Network 1 Financial Securities, Inc.


Control Shareholder: Mr. Lim Sin Foo, Harris


Shareholder Control Percentage: 56.56%


Auditor Name: Assentsure PAC


Form Type: CORRESP

Filing Date: 2024-11-26

Corporate Action: Ipo

Type: New

Accession Number: 000149315224047760

Filing Summary: Fast Track Group has filed a request to accelerate the effective date of its Registration Statement on Form F-1, which was initially filed on September 6, 2024. The request is made by Network 1 Financial Securities, Inc., the underwriter, to make the Registration Statement effective at 11:00 a.m. ET on November 29, 2024, or as soon as practicable thereafter. The document also mentions compliance with rules regarding the distribution of the preliminary prospectus to underwriters and dealers as required under the Securities Act.

Additional details:

Registration Statement Effective Date: 2024-11-29


Underwriter: Network 1 Financial Securities, Inc.


Filing Type: Form F-1


Initial Filing Date: 2024-09-06


File No: 333-281969


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