TMD Energy Limited Announces Closing of Initial Public Offering
TMD Energy (NYSE: TMDE) has successfully completed its Initial Public Offering (IPO), raising approximately $10.08 million in gross proceeds. The company offered 3,100,000 ordinary shares at $3.25 per share, which began trading on the NYSE American on April 21, 2025.
The Malaysia and Singapore-based company, which specializes in integrated bunkering services including ship-to-ship marine fuel transfers, ship management, and vessel chartering, has granted underwriters a 45-day option to purchase up to 465,000 additional shares to cover potential over-allotments.
The net proceeds will be allocated to three main purposes: purchasing cargo oil, covering listing expenses, and supporting working capital and general corporate needs. Maxim Group served as the sole book-running manager for the offering.
TMD Energy (NYSE: TMDE) ha completato con successo la sua Offerta Pubblica Iniziale (IPO), raccogliendo circa 10,08 milioni di dollari in proventi lordi. La società ha offerto 3.100.000 azioni ordinarie a 3,25 dollari per azione, che hanno iniziato a essere negoziate sul NYSE American il 21 aprile 2025.
La società con sede in Malesia e Singapore, specializzata in servizi integrati di rifornimento carburante, inclusi trasferimenti di carburante marino da nave a nave, gestione navale e noleggio di imbarcazioni, ha concesso agli underwriter un'opzione di 45 giorni per acquistare fino a 465.000 azioni aggiuntive per coprire eventuali sovrassegnazioni.
I proventi netti saranno destinati a tre scopi principali: l'acquisto di olio da carico, la copertura delle spese di quotazione e il supporto al capitale circolante e alle esigenze generali aziendali. Maxim Group ha agito come unico book-running manager dell'offerta.
TMD Energy (NYSE: TMDE) ha completado con éxito su Oferta Pública Inicial (OPI), recaudando aproximadamente 10,08 millones de dólares en ingresos brutos. La compañía ofreció 3.100.000 acciones ordinarias a 3,25 dólares por acción, y comenzaron a cotizar en la NYSE American el 21 de abril de 2025.
La empresa, con sede en Malasia y Singapur, especializada en servicios integrados de abastecimiento, incluyendo transferencias de combustible marino de barco a barco, gestión de embarcaciones y fletamento de buques, ha otorgado a los suscriptores una opción de 45 días para comprar hasta 465.000 acciones adicionales para cubrir posibles sobreasignaciones.
Los ingresos netos se destinarán a tres fines principales: la compra de petróleo de carga, cubrir gastos de cotización y apoyar el capital de trabajo y las necesidades corporativas generales. Maxim Group actuó como único gestor principal del ofrecimiento.
TMD Energy (NYSE: TMDE)가 성공적으로 기업공개(IPO)를 완료하여 약 1,008만 달러의 총 수익을 모았습니다. 회사는 310만 주의 보통주를 주당 3.25달러에 제공했으며, 2025년 4월 21일 NYSE American에서 거래를 시작했습니다.
말레이시아와 싱가포르에 본사를 둔 이 회사는 선박 간 해상 연료 이전, 선박 관리, 선박 임대를 포함한 통합 벙커링 서비스를 전문으로 하며, 인수인들에게 잠재적 초과 배정을 대비해 최대 46만 5천 주 추가 매입 옵션을 45일간 부여했습니다.
순수익은 화물유 구매, 상장 비용 충당, 운전자본 및 일반 기업 운영 자금 지원의 세 가지 주요 목적에 할당될 예정입니다. Maxim Group이 단독 주관사로서 이번 공모를 담당했습니다.
TMD Energy (NYSE : TMDE) a réussi son introduction en bourse (IPO), levant environ 10,08 millions de dollars de produits bruts. La société a proposé 3 100 000 actions ordinaires au prix de 3,25 dollars par action, qui ont commencé à être négociées sur le NYSE American le 21 avril 2025.
Basée en Malaisie et à Singapour, cette entreprise spécialisée dans les services intégrés de soutage, incluant les transferts de carburant marin de navire à navire, la gestion de navires et le affrètement, a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 465 000 actions supplémentaires afin de couvrir d'éventuelles surallocations.
Le produit net sera affecté à trois principaux objectifs : l'achat de pétrole de cargaison, la couverture des frais de cotation et le soutien au fonds de roulement ainsi qu'aux besoins généraux de l'entreprise. Maxim Group a agi en tant que gestionnaire principal unique de l'offre.
TMD Energy (NYSE: TMDE) hat erfolgreich seinen Börsengang (IPO) abgeschlossen und dabei rund 10,08 Millionen US-Dollar Bruttoerlös erzielt. Das Unternehmen bot 3.100.000 Stammaktien zu je 3,25 US-Dollar an, die am 21. April 2025 an der NYSE American gehandelt wurden.
Das in Malaysia und Singapur ansässige Unternehmen, das auf integrierte Bunker-Dienstleistungen spezialisiert ist, einschließlich Schiff-zu-Schiff Marinekraftstoff-Transfers, Schiffsmanagement und Schiffsvermietung, hat den Underwritern eine 45-tägige Option eingeräumt, bis zu 465.000 zusätzliche Aktien zur Abdeckung möglicher Mehrzuteilungen zu erwerben.
Die Nettoerlöse werden für drei Hauptzwecke verwendet: den Kauf von Ladungsöl, die Deckung der Börsennotierungskosten sowie zur Unterstützung des Betriebskapitals und allgemeiner Unternehmensbedürfnisse. Die Maxim Group fungierte als alleiniger Book-Running-Manager des Angebots.
- Successfully raised $10.08 million in gross proceeds through IPO
- Achieved NYSE American listing, providing access to U.S. capital markets
- Secured working capital for cargo oil purchases and business expansion
- Small IPO size may limit institutional investor interest
- Potential dilution if over-allotment option is exercised
- Significant portion of proceeds allocated to listing expenses rather than growth
Insights
TMD Energy completed its IPO raising $10.08M with shares now trading above offering price, providing capital for cargo oil and operations.
TMD Energy has successfully completed its initial public offering (IPO), raising
The company has granted underwriters a 45-day option to purchase up to an additional 465,000 shares at the IPO price to cover potential over-allotments, a standard mechanism to help stabilize post-IPO trading. Maxim Group served as the sole book-running manager for the offering.
TMD Energy operates in the maritime services sector, providing integrated bunkering services (ship-to-ship fuel transfer), ship management, and vessel chartering primarily in Malaysia and Singapore. The company has clearly defined its intended use of proceeds, allocating funds toward:
- Purchasing cargo oil
- Covering listing expenses
- General working capital and corporate purposes
The completion of this IPO represents a significant milestone for TMD Energy, transitioning from private to public ownership and providing access to capital markets. The filing history shows the registration statement was initially submitted on December 10, 2024, and received SEC approval on March 31, 2025, indicating a standard timeline for the IPO process.
KUALA LUMPUR, MALAYSIA, April 22, 2025 (GLOBE NEWSWIRE) -- TMD Energy Limited (the “Company”) (NYSE American: TMDE), together with its subsidiaries is a Malaysia and Singapore based services provider engaged in integrated bunkering services which involves ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, today announced the closing of its previously announced initial public offering of 3,100,000 ordinary shares, par value US
In addition, the Company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 465,000 Shares at the public offering price, less underwriting discounts, to cover the over-allotment option, if any.
The Company intends to use the net proceeds from the Offering for (i) the purchase of cargo oil; (ii) defraying listing expenses; and (iii) working capital and other general corporate purposes.
Maxim Group LLC (“Maxim”) acted as sole book-running manager of the Offering. Loeb & Loeb LLP acted as legal counsel to the Company, and Pryor Cashman LLP acted as legal counsel to Maxim Group LLC in connection with the Offering.
A registration statement on Form F-1, as amended (File No.: 333-283704) relating to the Offering was initially filed with the Securities and Exchange Commission (the “SEC”) on December 10, 2024 and was declared effective by the SEC on March 31, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, United States of America or by email at syndicate@maximgrp.com. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation, or sale of any of the Company’s 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 such state or jurisdiction.
About TMD Energy Limited
TMD Energy Limited and its subsidiaries (“TMDEL Group”) are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil of which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. TMDEL Group is also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering. As of today, TMDEL Group operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels. For more information, please visit the Company’s website at: www.tmdel.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including but not limited to, the Company's 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 “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology. 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:
TMD Energy Limited
Email: corporate@tmdel.com
WFS Investor Relations
Email : services@wealthfsllc.com
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