Sagtec Global Limited Announces Closing of Initial Public Offering

KUALA LUMPUR, Malaysia, March 10, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ:SAGT) ("Sagtec" or the "Company"), a leading provider of customizable software solutions that has revolutionized Malaysia's Food and Beverage industry with Speed+, a pioneering cloud point of sale (POS) system integrated QR Pay, today announced the closing of its previously announced initial public offering (the "Offering") of an aggregate 1,750,000 ordinary shares at a public offering price of $4.00 per share. The total gross proceeds from the Offering were approximately $7 million, before deducting underwriting discounts and commissions and offering expenses.

The ordinary shares began trading on the Nasdaq Capital Market on March 7, 2025, under the ticker symbol "SAGT".

The Benchmark Company, LLC ("Benchmark") acted as sole book-running manager for the Offering. Ortoli ...