JERSEY
CITY, N.J., Feb. 6, 2025
/PRNewswire/ -- WallachBeth Capital LLC, a leading provider of
capital markets and institutional execution services, announced
today that FBS Global Limited ("FBS Global" or the
"Company"),(NASDAQ: FBGL) a green building contractor with
award-winning projects using green construction methods and
sustainably-source and environmentally responsible materials based
in Singapore, announced the
pricing of its initial public offering (the "Offering") of
2,250,000 ordinary shares par value US$0.001 per share at a price of US$4.50 per share to the public, for a total of
US$10,125,000 of gross proceeds to
the Company, before deducting underwriting discounts and other
offering expenses.
The Company has granted a 45-day option to the underwriters to
purchase up to 337,500 additional ordinary shares, representing 15%
of the ordinary shares sold in this Offering, at the public
offering price, less the underwriting discounts, solely to cover
over-allotments, if any. All of the ordinary shares are being
offered by the Company. The ordinary shares will begin trading on
the Nasdaq Capital Market on February 6,
2025, under the symbol "FBGL." The Offering is expected to
close on February 7, 2025, subject to
customary closing conditions.
WallachBeth Capital LLC is acting as the Sole Book-Running
Manager of the Offering, and Revere Securities LLC is acting as the
Co-Manager to the Offering. TroyGould PC is acting as U.S. counsel
to the Company, and Ortoli Rosenstadt LLP is acting as U.S.
securities counsel to WallachBeth Capital LLC in connection with
the Offering.
A registration statement on Form F-1, as amended (File No.
333-283619) relating to the Offering has been filed with the
Securities and Exchange Commission (the "SEC") and was declared
effective by the SEC on February 5,
2025. The Offering is being made only by means of a
prospectus, forming part of the registration statement. Copies of
the final prospectus related to the Offering may be obtained, when
available, from WallachBeth Capital LLC, Harborside Financial
Center Plaza 5, 185 Hudson Street, Ste 1410, Jersey City, NJ 07311, by email
cap-mkts@wallachbeth.com atcap-mkts@wallachbeth.com, or by
telephone at +1-(646) 237-8585. In addition, a copy of the final
prospectus, when available, relating to the Offering may be
obtained via the SEC's website at www.sec.gov.
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 WallachBeth Capital LLC
WallachBeth Capital offers a robust range of capital markets and
investment banking services to the healthcare community, connecting
corporate clients with leading institutions, creating value for
both issuers and investors. The firm's experience includes initial
public offerings, follow-on issues, PIPE offerings, and private
transactions and ATM's.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
"forward-looking statements" within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements relating to the expected trading
commencement and closing dates. The words "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may," "plan,"
"potential," "predict," "project," "should," "target," "will,"
"would" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Actual results may
differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the
uncertainties related to market conditions and the completion of
the public offering on the anticipated terms or at all, and other
factors discussed in the "Risk Factors" section of the preliminary
prospectus filed with the SEC. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and FBS Global Limited specifically disclaims any obligation to
update any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
law.
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SOURCE WallachBeth Capital LLC
