Texxon Holding Limited has announced the full exercise of the underwriters' over-allotment option in its recent initial public offering, with underwriters purchasing an additional 285,000 ordinary shares at $5.00 per share. This transaction generated an additional $1.43 million in gross proceeds, bringing the total offering size to $10.93 million before underwriting discounts and expenses. The full exercise of the over-allotment option indicates robust investor demand for Texxon's shares and provides the company with enhanced capital resources to execute its strategic growth initiatives.
The company's ordinary shares began trading on the Nasdaq Capital Market on October 22, 2025, with D. Boral Capital LLC serving as the sole book-running manager for the offering. Texxon operates as a technology-enabled supply chain management platform specifically serving small and medium-sized enterprises in China's plastics and chemical industries. The company provides a comprehensive suite of services including procurement, shipping and logistics, payments, and fulfillment services through its specialized platform designed to streamline the traditionally labor-intensive and inefficient raw material procurement process for Chinese SMEs.
Texxon has developed a highly scalable distributed software architecture engineered for continuous improvement and maintains an effective User Experience Design process to optimize customer satisfaction. With over a decade of industry experience, the company has accumulated substantial transaction data encompassing supplier and customer information, price trends, category-specific price indexes, and market demand volume. This extensive data repository enables Texxon to analyze market trends and make informed business decisions, positioning the company as a knowledgeable partner in the complex plastics and chemicals supply chain landscape.
The successful IPO and complete over-allotment exercise support Texxon's strategic ambition to build the largest one-stop plastic and chemical raw material supply chain management platform in China. The additional capital will strengthen the company's efforts to enhance convenience, cost-effectiveness, and operational efficiency for its customers in the highly competitive Chinese market. For investor relations information, the company maintains resources at https://ir.npt-cn.com. The announcement was distributed through ChineseWire, a specialized communications platform focused on China-based companies listed in North America, which provides comprehensive corporate communications solutions as part of the Dynamic Brand Portfolio at IBN, with additional service details available at https://www.ChineseWire.com.
