IPO - Fast Track Group

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.

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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.

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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.

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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.

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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.

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