IPO - Republic Power Group Ltd

Form Type: F-1/A

Filing Date: 2025-07-03

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025061440

Filing Summary: Republic Power Group Limited filed Amendment No. 1 to its registration statement on Form F-1 (Registration No. 333-288465) with the U.S. Securities and Exchange Commission on July 3, 2025. This amendment is part of the preparation for an initial public offering (IPO) and includes updated details regarding the company's operations and organizational structure, as well as changes to the indemnification provisions for directors and officers under British Virgin Islands law. The filing includes sections on indemnification, unregistered sales of securities, and various exhibits related to corporate governance and financial matters. The document emphasizes the company's commitment to indemnifying its officers and directors against certain liabilities.

Form Type: F-1

Filing Date: 2025-07-02

Corporate Action: Ipo

Type: New

Accession Number: 000121390025060508

Filing Summary: Republic Power Group Limited is conducting an initial public offering (IPO) for 500,000 Class A Ordinary Shares, with shares to be sold by both the company and selling shareholders. The IPO marks the company's first entry into public markets, reserving the symbol 'RPGL' for listing on the Nasdaq Capital Market. The offering is classified as a firm commitment, which entails that the underwriter, Bancroft Capital LLC, is obligated to purchase the shares and is responsible for their sale. The company has established itself in the industry by providing customized enterprise resource planning (ERP) software solutions primarily to corporate clients and governmental agencies in Singapore and Malaysia. Despite lucrative contracts in prior years, the company faced declining revenues due to the completion of substantial projects combined with reduced business development efforts following the restructuring of shareholder capabilities. The company is poised to expand its service offerings into new sectors, including a SaaS-based ERP model, underlining its adaptability and growth strategies. Investors are advised to consider the associated risks highlighted in the prospectus, particularly regarding financial performance amidst an uncertain economic climate, dependence on major clients, and the company's competitive positioning in a dynamic market.

Form Type: DRS/A

Filing Date: 2025-06-06

Corporate Action: Ipo

Type: New

Accession Number: 000121390025052178

Filing Summary: Republic Power Group Limited is conducting an initial public offering (IPO) of its Class A Ordinary Shares, with 500,000 shares to be sold by the company and additional shares by selling shareholders. Prior to this offering, no public market existed for these shares. The IPO is contingent on approval from Nasdaq for listing, and the firm commitment basis of the offering involves Bancroft Capital, LLC as the underwriter, which will receive a 7% discount on gross proceeds. The expected initial offering price is speculative and not yet determined. The company has a dual class share structure, affecting voting rights, with Class A shares having one vote each and Class B shares having ten votes each, with the chairman's entity controlling more than 50% of the voting power post-IPO. The document outlines operational risks, including dependence on major clients, competition, and the regulatory environment in Southeast Asia. In summary, investing in these shares poses significant risks but also opportunities for growth in the technology service sector, emphasizing the company's capacity for customized software solutions and consulting services.

Form Type: DRS/A

Filing Date: 2025-05-09

Corporate Action: Ipo

Type: New

Accession Number: 000121390025041427

Filing Summary: Republic Power Group Ltd is initiating an initial public offering (IPO) for its Class A ordinary shares, par value $0.000625, to be listed on the Nasdaq Capital Market under the symbol 'RPGL'. A total of 500,000 Class A ordinary shares will be offered by the selling shareholders. This offering comes with the potential for high investment risks, including the market's volatility and uncertainties surrounding its approval by Nasdaq. The expected asset growth strategies include pursuing additional market share in various sectors, and the firm is classified as an emerging growth company. Key members holding Class B ordinary shares exert significant influence over corporate decisions, raising concerns about shareholder power dynamics and governance. The document also details the dual-class share structure, and outlines risk factors related to the company's operations, its dependence on major clients, and the need for compliance with various regulatory requirements.

Form Type: DRS

Filing Date: 2025-04-21

Corporate Action: Ipo

Type: New

Accession Number: 000121390025033448

Filing Summary: Republic Power Group Limited is planning an initial public offering (IPO) of its Class A ordinary shares. The company is offering 500,000 shares, with shares from both the company and selling shareholders. The initial public offering price is yet to be determined. The dual class share structure allows Class A shares to have one vote per share, while Class B shares have ten votes, with True Sage, a significant entity, controlling over 50% of the voting power. The offering is subject to Nasdaq listing approval. The underwriting discount will be 7% of the gross proceeds.