Toppoint Holdings Inc. Announces Closing of $10 Million Initial Public Offering
Toppoint Holdings has successfully completed its Initial Public Offering (IPO), raising $10 million in gross proceeds through the sale of 2,500,000 shares at $4.00 per share. Trading began on the NYSE American exchange under the symbol TOPP on January 22, 2025.
The company granted the underwriter a 45-day option to purchase up to 375,000 additional shares at the offering price to cover over-allotments. Net proceeds will fund geographic expansions, physical and IT infrastructure investments, sales team expansion, marketing efforts, and general working capital.
A.G.P./Alliance Global Partners served as the sole book-running manager for this firm commitment offering, which was conducted under an SEC-effective Registration Statement on Form S-1.
Toppoint Holdings ha completato con successo la sua Offerta Pubblica Iniziale (IPO), raccogliendo 10 milioni di dollari in proventi lordi tramite la vendita di 2.500.000 azioni a 4,00 dollari per azione. Le contrattazioni sono iniziate sulla borsa NYSE American con il simbolo TOPP il 22 gennaio 2025.
L'azienda ha concesso all'intermediario finanziario un'opzione di acquisto di 375.000 azioni aggiuntive al prezzo di offerta per coprire sovra-allocazioni, valido per 45 giorni. I proventi netti finanzieranno espansioni geografiche, investimenti in infrastrutture fisiche e IT, espansione della forza vendita, sforzi di marketing e capitale di esercizio generale.
A.G.P./Alliance Global Partners ha fungito da unico gestore della prenotazione per questa offerta a impegno fermo, che è stata effettuata sotto una Dichiarazione di Registrazione efficace presso la SEC in base al Modulo S-1.
Toppoint Holdings ha completado con éxito su Oferta Pública Inicial (IPO), recaudando 10 millones de dólares en ingresos brutos a través de la venta de 2,500,000 acciones a 4,00 dólares por acción. Las operaciones comenzaron en la bolsa NYSE American bajo el símbolo TOPP el 22 de enero de 2025.
La compañía otorgó al suscriptor una opción de 45 días para comprar hasta 375,000 acciones adicionales al precio de la oferta para cubrir sobreasignaciones. Los ingresos netos financiarán expansiones geográficas, inversiones en infraestructura física y de TI, expansión del equipo de ventas, esfuerzos de marketing y capital de trabajo general.
A.G.P./Alliance Global Partners actuó como el único gerente de libro para esta oferta de compromiso firme, que se llevó a cabo bajo una Declaración de Registro efectiva de la SEC en el Formulario S-1.
Toppoint Holdings는 상장공모(IPO)를 성공적으로 완료하여 1천만 달러의 총 수익을 2,500,000주를 주당 4.00 달러에 판매하여 모았습니다. 거래는 2025년 1월 22일, NYSE American 거래소에서 TOPP 기호로 시작되었습니다.
회사는 인수자에게 배정 초과를 커버하기 위해 공모가로 최대 375,000주의 추가 매입 옵션을 45일 동안 양도했습니다. 순수익은 지리적 확장, 물리적 및 IT 인프라 투자, 영업팀 확장, 마케팅 노력 및 일반 운영 자본에 사용될 것입니다.
A.G.P./Alliance Global Partners는 이 확약된 공모의 유일한 북미 매니저 역할을 하였고, 이는 SEC에서 효과적인 등록 성명서(Form S-1) 하에 진행되었습니다.
Toppoint Holdings a réussi à compléter son Introduction en Bourse (IPO), levant 10 millions de dollars de recettes brutes grâce à la vente de 2.500.000 actions à 4,00 dollars par action. Les transactions ont commencé sur la bourse NYSE American sous le symbole TOPP le 22 janvier 2025.
L'entreprise a accordé à l'émetteur une option d'achat de 375.000 actions supplémentaires au prix d'offre pour couvrir les surallocations, valable pendant 45 jours. Les produits nets financeront des expansions géographiques, des investissements dans les infrastructures physiques et informatiques, l'expansion de l'équipe de vente, les efforts de marketing et le fonds de roulement général.
A.G.P./Alliance Global Partners a servi de gestionnaire principal pour cette offre d'engagement ferme, qui a été réalisée sous une déclaration d'enregistrement valide de la SEC sur le formulaire S-1.
Toppoint Holdings hat erfolgreich ihr Initial Public Offering (IPO) abgeschlossen und durch den Verkauf von 2.500.000 Aktien zu 4,00 Dollar pro Aktie 10 Millionen Dollar brutto eingenommen. Der Handel begann am 22. Januar 2025 an der NYSE American unter dem Symbol TOPP.
Das Unternehmen räumte dem Emittenten eine 45-tägige Option ein, um bis zu 375.000 weitere Aktien zum Angebotspreis zu erwerben, um Überzeichnungen abzudecken. Die Nettoerlöse werden geografische Expansionen, Investitionen in physische und IT-Infrastrukturen, die Erweiterung des Vertriebsteams, Marketingmaßnahmen und allgemeines Betriebs资本 finanzieren.
A.G.P./Alliance Global Partners fungierte als einziger Book-Running-Manager für dieses Festverpflichtungsangebot, das unter einem SEC-gültigen Registrierungsantrag auf Formular S-1 durchgeführt wurde.
- Successfully raised $10 million in gross proceeds through IPO
- Listed on NYSE American exchange, providing increased visibility and liquidity
- 45-day option for additional 375,000 shares could bring extra capital
- Clear allocation of funds for expansion and infrastructure improvements
- Potential dilution from 2.5 million new shares issued
- Additional dilution possible if over-allotment option is exercised
- IPO-related expenses will reduce the net proceeds available
Insights
This IPO marks a strategic milestone for Toppoint Holdings, with several noteworthy aspects that warrant attention. The choice of NYSE American, typically favored by small to mid-sized growth companies, suggests a calculated approach to public markets entry while maintaining lower listing requirements compared to the NYSE main board.
The
The allocation of proceeds reveals a growth-focused strategy:
- Geographic expansion suggests immediate market opportunity
- Infrastructure investment indicates operational scalability focus
- Sales team expansion points to revenue growth prioritization
While the offering size is relatively small, the firm commitment structure and NYSE American listing provide institutional credibility. The capital raise should provide sufficient runway for executing near-term growth initiatives, though future funding rounds may be needed depending on expansion velocity.
NORTH WALES, Pa., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Toppoint Holdings Inc. (“Toppoint” or the “Company”) today announced the closing of its previously announced initial public offering of an aggregate of 2,500,000 shares of its common stock (the “Shares”) at an offering price of
In addition, the Company has granted the underwriter an option, exercisable within 45 days from the date of the final prospectus, to purchase up to an additional 375,000 shares of common stock at the public offering price, representing
The net proceeds from the Offering are expected to be used for (i) geographic expansions, (ii) investments in physical and IT infrastructure, (iii) expansion of our sales team and marketing efforts, and (iv) general working capital and other corporate purposes.
The Offering was conducted on a firm commitment basis. A.G.P./Alliance Global Partners (“A.G.P.”) was the sole book-running manager for the Offering. Bevilacqua PLLC acted as legal counsel to the Company and Loeb & Loeb LLP acted as legal counsel to A.G.P. for the Offering.
The Offering was conducted pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-281474) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on January 21, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement. Electronic copies of the final prospectus relating to the Offering may be obtained for free by visiting EDGAR on the SEC’s Website at www.sec.gov. Alternatively, copies of the prospectus relating to the Offering may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, by phone at +1 (212) 624-2060, or by email at prospectus@allianceg.com.
This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made 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 other jurisdiction.
About Toppoint Holdings Inc.
Established in 2014 and headquartered in North Wales, Pennsylvania, Toppoint Holdings Inc. specializes in the transport of wastepaper, scrap metal, and wooden logs for large waste companies, recycling centers, and commodity traders. The Company’s operations extend to major ports, including Newark, NJ, and Philadelphia, PA. With a commitment to growth and innovation, Toppoint Holdings recently expanded into the recycling export transport markets of Tampa, Jacksonville, and Miami, FL; Baltimore, MD; and Ensenada, Mexico, as of 2024. The company also provides trucking and logistics brokerage solutions for plastic and other commodities, servicing key commercial hubs across the U.S. For additional information, please go to https://toppointtrucking.com/
FORWARD-LOOKING STATEMENTS
Certain statements in this press release are “forward-looking statements” as defined under the federal securities laws, including, but not limited to, the Company’s statements regarding the use of proceeds from the sale of the Company’s Shares in the 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. Investors can find many (but not all) of these statements by the use of words such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate”, or other similar expressions in this press release. 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 further information, please contact:
Underwriter Inquiries:
A.G.P./Alliance Global Partners
590 Madison Avenue, 28th Floor
New York, NY 10022
Email: prospectus@allianceg.com
Investor Relations Inquiries:
Crescendo Communications, LLC
212-671-1020
TOPP@crescendo-ir.com
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