IPO - Vantage Corp (Singapore)

Form Type: F-1/A

Filing Date: 2025-04-17

Corporate Action: Ipo

Type: New

Accession Number: 000164117225005175

Filing Summary: Vantage Corp, a Cayman Islands company, is conducting its initial public offering (IPO) for 3,250,000 Class A Ordinary Shares priced between US$4 and US$5 per share, with an expected total gross proceeds of approximately US$14,625,000. The company is an emerging growth company and has a dual-class share structure, distinguishing between Class A and Class B Ordinary Shares, where Class A shares carry one vote each and Class B shares carry ten votes each. Following the IPO, major shareholders will collectively own around 65.15% of the outstanding shares, which may classify the company as a 'controlled company.' The offering is arranged on a firm commitment basis by Network 1 Financial Securities, Inc., with the underwriters having the option to purchase up to 15% more shares to cover over-allotments. Notably, a corporate reorganization took place in November 2024, streamlining Vantage's business through subsidiaries based in Singapore and Dubai. The company indicates the need for potential investors to consider risks associated with this investment, including competition and financial uncertainties.

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Form Type: F-1/A

Filing Date: 2025-03-19

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225010861

Filing Summary: Vantage Corp is conducting an initial public offering (IPO) of 3,250,000 Class A Ordinary Shares, priced between US$4 and US$5 per share. This marks the company's entry into the public market following a reorganization completed in November 2024, where Vantage (BVI) Corporation acquired Vantage Singapore and Vantage Dubai. Upon completion of the IPO, major shareholders will retain 65.15% ownership of the company. The structure of the shares will include a dual-class system with varying voting rights between Class A and Class B shares. The underwriters for this offering, Network 1 Financial Securities, Inc., will receive commissions and additional compensation. The company qualifies as an emerging growth company and plans to list on NYSE American under the symbol 'VNTG.'

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Form Type: F-1/A

Filing Date: 2025-02-28

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225008616

Filing Summary: This Amendment No. 5 is filed to update certain exhibits and the exhibit index of the Registration Statement under the Securities Act of 1933. The document indicates that Vantage Corp is an emerging growth company and confirms that the Registration Statement remains unchanged. There are updates about the company's amended and restated memorandum and articles of association, various opinions regarding legality and validity of shares, and schedules about recent sales of unregistered securities demonstrating shares allocation related to a reorganization. The company plans to commence the sale to the public as soon as practicable after the effective date of the Registration Statement. This document is purely administrative, aiming to comply with ongoing legal requirements rather than presenting new substantive changes to the offerings.

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Form Type: F-1/A

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000149315225003533

Filing Summary: Vantage Corp is conducting an initial public offering (IPO) of 3,250,000 Class A Ordinary Shares with an estimated offering price between US$4 and US$5 per share. The company is a Cayman Islands exempted company that operates mainly through its subsidiaries in Singapore and Dubai. The IPO is expected to provide Vantage with substantial capital to further its business in the shipbroking industry, which is currently valued at $1.56 billion. The offering is on a firm commitment basis with underwriting led by Network 1 Financial Securities, Inc. Post-offering, Vantage will have a dual class ordinary share structure, where Class A shares carry one vote each, and Class B shares carry ten votes each. The Major Shareholders, who own a significant portion of the company, have agreed to vote according to their collective interests. The company faces risks common in its industry, including competition and operational complexities, but has outlined growth strategies focusing on service expansion, technological investment, and cost management.

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Form Type: F-1/A

Filing Date: 2025-01-10

Corporate Action: Ipo

Type: New

Accession Number: 000149315225001588

Filing Summary: Vantage Corp is conducting an initial public offering (IPO) of 3,250,000 Class A Ordinary Shares with an estimated offering price between US$4.00 and US$5.00 per share. Following the offering, the company will have a dual class ordinary share structure, including Class A and Class B shares, with differing voting rights. Major shareholders will collectively own approximately 65.15% post-offering, and the company is classified as an emerging growth company under U.S. SEC rules. The underwriting agreement includes provisions for covering over-allotments and the company has outlined its business strategies, competitive strengths, and potential risks associated with the offering.

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