Uni-Fuels Holdings Limited Announces Closing of Its Initial Public Offering
Uni-Fuels Holdings, a Singapore-based marine fuel solutions provider, has announced the closing of its Initial Public Offering on January 15, 2025. The company successfully offered 2,100,000 Class A Ordinary Shares at $4.00 per share, raising gross proceeds of $8.4 million.
Trading commenced on the Nasdaq Capital Market under the ticker symbol 'UFG' on January 14, 2025. The underwriters have a 45-day option to purchase up to 315,000 additional shares. R. F. Lafferty & Co. served as the sole book-running manager for the firm commitment offering.
The company plans to use the proceeds to scale up reselling activities, strengthen its workforce, expand market presence in new geographical locations, and maintain cash reserves for general corporate purposes.
Uni-Fuels Holdings, fornitore di soluzioni di combustibili marini con sede a Singapore, ha annunciato la chiusura della sua Offerta Pubblica Iniziale il 15 gennaio 2025. L'azienda ha offerto con successo 2.100.000 Azioni Ordinarie di Classe A a $4,00 per azione, raccogliendo proventi lordi di $8,4 milioni.
Le contrattazioni sono iniziate sul Nasdaq Capital Market con il simbolo ticker 'UFG' il 14 gennaio 2025. Gli sottoscrittori hanno un'opzione di 45 giorni per acquistare fino a 315.000 azioni aggiuntive. R. F. Lafferty & Co. ha svolto il ruolo di unico gestore del libro per l'offerta con impegno fermo.
L'azienda prevede di utilizzare i proventi per aumentare le attività di rivendita, rafforzare la propria forza lavoro, espandere la presenza sul mercato in nuove località geografiche e mantenere riserve di liquidità per scopi aziendali generali.
Uni-Fuels Holdings, proveedor de soluciones de combustible marino con sede en Singapur, ha anunciado el cierre de su Oferta Pública Inicial el 15 de enero de 2025. La empresa ofreció con éxito 2.100.000 Acciones Ordinarias de Clase A a $4.00 por acción, recaudando ingresos brutos de $8.4 millones.
Las operaciones comenzaron en el Nasdaq Capital Market bajo el símbolo tick 'UFG' el 14 de enero de 2025. Los suscriptores tienen una opción de 45 días para comprar hasta 315.000 acciones adicionales. R. F. Lafferty & Co. actuó como único gerente del libro para la oferta de compromiso firme.
La compañía planea utilizar los ingresos para aumentar las actividades de reventa, fortalecer su fuerza laboral, expandir la presencia en el mercado en nuevas ubicaciones geográficas y mantener reservas de efectivo para fines corporativos generales.
유니-퓨얼스 홀딩스는 싱가포르에 본사를 둔 해양 연료 솔루션 제공업체이며, 2025년 1월 15일에 최초 공개 모집의 종료를 발표했습니다. 회사는 성공적으로 2,100,000 클래스 A 보통주를 주당 $4.00에 제공하여 총 $8.4 백만의 수익을 올렸습니다.
거래는 2025년 1월 14일에 나스닥 자본 시장에서 'UFG'의 티커 기호로 시작되었습니다. 주관사들은 45일 동안 최대 315,000주의 추가 주식을 구매할 수 있는 옵션을 가지고 있습니다. R. F. Lafferty & Co.는 고정된 약속 제공을 위한 단독 책 관리자로 활동했습니다.
회사는 수익금을 사용하여 리셀링 활동을 확대하고, 인력을 강화하며, 새로운 지리적 위치에서 시장 존재를 확장하고, 일반 기업 목적을 위한 현금 준비금을 유지할 계획입니다.
Uni-Fuels Holdings, un fournisseur de solutions de carburant maritime basé à Singapour, a annoncé la clôture de son Offre Publique Initiale le 15 janvier 2025. L'entreprise a réussi à offrir 2.100.000 Actions Ordinaires de Classe A à 4,00 $ par action, levant ainsi des recettes brutes de 8,4 millions $.
Les échanges ont commencé sur le Nasdaq Capital Market sous le symbole ticker 'UFG' le 14 janvier 2025. Les souscripteurs disposent d'une option de 45 jours pour acheter jusqu'à 315.000 actions supplémentaires. R. F. Lafferty & Co. a servi de gestionnaire exclusif du livre pour l'offre d'engagement ferme.
L'entreprise prévoit d'utiliser les recettes pour augmenter les activités de revente, renforcer sa main-d'œuvre, étendre sa présence sur le marché dans de nouveaux emplacements géographiques et maintenir des réserves de liquidités pour des fins corporatives générales.
Uni-Fuels Holdings, ein Anbieter von maritimen Brennstofflösungen mit Sitz in Singapur, hat den Abschluss seines Börsengangs am 15. Januar 2025 bekannt gegeben. Das Unternehmen hat erfolgreich 2.100.000 Klasse A Stammaktien zu 4,00 $ pro Aktie angeboten und damit einen Bruttoerlös von 8,4 Millionen $ erzielt.
Der Handel begann am Nasdaq Capital Market unter dem Tickersymbol 'UFG' am 14. Januar 2025. Die Zeichner haben die Option, innerhalb von 45 Tagen bis zu 315.000 zusätzliche Aktien zu kaufen. R. F. Lafferty & Co. fungierte als alleiniger Buchführer für das feste Angebot.
Das Unternehmen plant, die Erlöse zur Erweiterung der Wiederverkäufertätigkeiten, zur Stärkung der Belegschaft, zur Expansion der Marktpräsenz in neuen geografischen Regionen zu nutzen und Barreserven für allgemeine Unternehmenszwecke zu halten.
- Successfully completed IPO raising $8.4 million in gross proceeds
- Listed on Nasdaq Capital Market, providing enhanced visibility and liquidity
- Potential for additional $1.26 million through underwriter's option
- Clear growth strategy focused on market expansion and operational scaling
- Relatively small IPO size might limit immediate expansion capabilities
- Potential dilution from additional share option granted to underwriters
Insights
This IPO marks a strategic entry into the public markets, though the relatively small size of
The marine fuel solutions sector presents interesting opportunities given increasing regulations around maritime emissions and the transition to cleaner fuels. However, the small deal size may limit institutional participation and could result in trading liquidity. The 45-day overallotment option for 315,000 additional shares (
The planned use of proceeds focusing on market expansion and working capital appears prudent given the working capital-intensive nature of the fuel trading business. However, the small raise may constrain the company's ability to compete with larger, well-capitalized players in the marine fuels space.
The marine fuels market is highly competitive and capital-intensive, with thin margins that require significant scale to achieve profitability. Uni-Fuels' entry as a public company could help it build credibility with suppliers and customers, but the modest IPO proceeds may not provide sufficient firepower to significantly disrupt established players.
The timing is interesting given the ongoing transition in marine fuels driven by IMO 2020 sulfur regulations and increasing focus on alternative fuels. However, the company will need to demonstrate strong risk management capabilities and working capital efficiency to succeed in this volatile market. The Singapore headquarters provides strategic advantages given its position as the world's largest bunkering hub.
SINGAPORE, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG) (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions for shipping companies headquartered in Singapore, announced today the closing of its underwritten initial public offering (the “Offering”) of 2,100,000 Class A Ordinary Shares at a public offering price of
The Company has granted the Underwriters an option to purchase up to 315,000 additional Class A Ordinary Shares within 45 days of the effective date of the Company’s registration statement in relation to the Offering.
Uni-Fuels intends to use the proceeds from the Offering for scaling up its reselling activities to gain market share from existing and new markets; for strengthening its workforce and expanding its market presence in new geographical locations; and as cash reserve and general corporate purposes.
The Offering was conducted on a firm commitment basis. R. F. Lafferty & Co., Inc. acted as the sole book-running manager for the Offering.
A registration statement on Form F-1 relating to the shares being sold in the Offering was initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 28, 2024; and was declared effective by the SEC on January 10, 2025. This Offering was made only by means of a prospectus. A copy 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, or alternatively, from: R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005; (212) 293-9090.
This press release shall not constitute an offer to sell or a 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 Uni-Fuels Holdings Limited
Uni-Fuels is a fast-growing global provider of marine fuel solutions, helping shipping companies optimize fuel procurement across all markets and time zones. Founded in 2021, Uni-Fuels has evolved from modest beginnings into a dynamic, forward-thinking company. Backed by a passionate team and a growing presence across multiple locations, it has forged trusted partnerships with customers, supporting them in achieving their operational objectives with confidence, from shore to shore.
For more information, visit www.uni-fuels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Uni-Fuels’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Contact Information
For Investor Relations:
Uni-Fuels Holdings Ltd
Email: investors@uni-fuels.com
Skyline Corporate Communications Group, LLC
Email: info@skylineccg.com
FAQ
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