Zenta Group has completed a $900,000 over-allotment on its IPO, raising total proceeds to $6.9 million.
Quiver AI Summary
Zenta Group Company Limited, a Macau-based professional services provider, announced that underwriters fully exercised their over-allotment option for its initial public offering (IPO), purchasing an additional 225,000 ordinary shares at $4.00 per share, generating $900,000 in gross proceeds. With this addition, the total number of shares sold in the IPO reached 1,725,000, bringing the total gross proceeds to $6.9 million. The over-allotment option was closed on October 8, 2025, following the company's shares beginning to trade on the Nasdaq Capital Market under the symbol "ZGM" on September 9, 2025. The offering was made under a registration statement filed with the SEC, and the company emphasized the importance of reviewing the prospectus before any investment. Zenta Group, founded in 2019, specializes in industrial park consultation, business investment consultation, and fintech solutions primarily for clients in China's Greater Bay Area.
Potential Positives
- The full exercise of the Over-Allotment Option resulted in additional gross proceeds of $900,000, increasing total proceeds from the Offering to $6.9 million.
- The exercise of the Over-Allotment Option demonstrates strong demand for Zenta Group's shares, indicating investor confidence in the Company's prospects.
- The Company's ordinary shares are now trading on the Nasdaq Capital Market under the symbol "ZGM," enhancing its visibility and credibility in the financial markets.
- The Offering was conducted on a firm commitment basis, which suggests a strong backing from underwriters and further solidifies the financial foundation for Zenta Group's operations.
Potential Negatives
- The need for the underwriters to exercise their over-allotment option may indicate lower than expected demand for the initial public offering, suggesting potential challenges in attracting initial capital.
- The company's reliance on the over-allotment option for additional funds could raise concerns about the stability and attractiveness of the offering, impacting investor confidence.
- The cautionary language regarding forward-looking statements highlights inherent uncertainties in the company's future performance, which may deter potential investors.
FAQ
What is Zenta Group Company Limited?
Zenta Group is a Macau-based professional services provider specializing in industrial park consultation, business investment, and fintech solutions.
When did Zenta Group's ordinary shares start trading?
Zenta Group's ordinary shares began trading on the Nasdaq Capital Market under the symbol “ZGM” on September 9, 2025.
What is the Over-Allotment Option in the Offering?
The Over-Allotment Option allows underwriters to purchase additional shares, which increased the total proceeds of the Offering to $6.9 million.
Who acted as the underwriters for Zenta Group's Offering?
Cathay Securities, Inc. served as the representative of the underwriters for Zenta Group's initial public offering.
How can investors access Zenta Group's final prospectus?
Investors can obtain the final prospectus from the SEC's website or by contacting Cathay Securities, Inc. directly.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
MACAU, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Zenta Group Company Limited (“Zenta Group” or the “Company”), a Macau-based professional services provider that offers consultation services to industrial park, business investment and sales of fintech products and services, today announced that the underwriters of its previously announced initial public offering (the “Offering”) have exercised their over-allotment option (the “Over-Allotment Option”) in full to purchase an additional 225,000 ordinary shares at the public offering price of $4.00 per share, resulting in additional gross proceeds of $900,000, before deducting underwriting discounts and other related expenses. After giving effect on the full exercise of the Over-Allotment Option, the total number of ordinary shares sold by the Company in the Offering increased to 1,725,000 ordinary shares and the gross proceeds increased to $6.9 million, before deducting underwriting discounts and other related expenses. The closing of the exercise of the Over-Allotment Option occurred on October 8, 2025. The Company’s ordinary shares began trading on the Nasdaq Capital Market under the symbol “ZGM” on September 9, 2025.
The Offering was being conducted on a firm commitment basis. Cathay Securities, Inc. acted as the representative of the underwriters to the Offering. Loeb & Loeb LLP acted as U.S. counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. counsel to Cathay Securities, Inc.
A registration statement on Form F-1 relating to the Offering (File No. 333-284140), as amended, was filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on September 5, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus relating to this Offering, when available, may be obtained from Cathay Securities, Inc., 40 Wall St Suite 3600, New York, NY 10005, Telephone: +1 (855) 939-3888; Email: [email protected].
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Zenta Group Company Limited
Founded in 2019, Zenta Group Company Limited is a diversified consulting and fintech solutions provider based in Macau. The Company provides industrial park consultation, business investment consultation, and fintech product and service through its operating entities in Macau, China. Zenta Group supports clients—primarily from China’s Greater Bay Area—in navigating commercial project approvals, acquiring equity stakes in targeted opportunities, and accessing fintech solutions. With a focus on strategic growth, the Company aims to strengthen its consultation services while expanding its fintech footprint.
For more information, please visit the Company’s website: https://ir.zenta.mo
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
For investor and media inquiries, please contact:
Zenta Group
Investor Relations
Email: [email protected]