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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.