Epsium Enterprise (EPSM) prices IPO of 1.25 million shares

EPSIUM ENTERPRISE LIMITED, a company engaged in importing and wholesaling primarily alcoholic beverages in Macau, today announced the pricing of its initial public offering of 1,250,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on March 26, 2025 under the ticker symbol "EPSM."

The Company expects to receive aggregate gross proceeds of US$5.0 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about March 27, 2025, subject to the satisfaction of customary closing conditions.

Net proceeds from the Offering will be used for (i) approximately 10% of the net proceeds for sales and product innovation and brand building, (ii) approximately 60% of the net proceeds for the acquisition of, or investment in, assets, technologies, solutions, or businesses that complement our business, (iii) approximately 20% of the net proceeds for general corporate purposes, and (iv) approximately 10% of the net proceeds for reserve and subject to the discretion of the board of directors.

The Offering is being conducted on a firm commitment basis. D. Boral Capital LLC is acting as the sole underwriter for the Offering. iTKG Law LLC is acting as U.S. securities counsel to the Company, and Schlueter & Associates, P.C. is acting as U.S. counsel to the underwriter in connection with the Offering.

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