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Dreamland Limited Announces Closing of Initial Public Offering

HONG KONG, July 24, 2025 (GLOBE NEWSWIRE) -- Dreamland Limited (NASDAQ:TDIC) (the "Company" or "Dreamland"), a Hong Kong-based event management service provider, today announced the closing of its initial public offering (the "Offering") of 2,000,000 Class A ordinary shares, 1,340,000 of which were offered by the Company and 660,000 by an existing shareholder (the "Selling Shareholder"), at a public offering price of US$4.00 per Class A ordinary share. The Company also filed a resale prospectus concurrent with the Offering for the resale of 5,416,740 Class A ordinary shares held by Prime Crest Holdings Limited, Fuji Holdings Limited, Yield Rights Group Limited and Allied Target Limited (the "Resale Shareholders"). The Class A ordinary shares began trading on the Nasdaq Capital Market on July 23, 2025 under the ticker symbol "TDIC."

The Company received aggregate gross proceeds of US$5,360,000 from the Offering, before deducting underwriting discounts and other related expenses. The Company did not receive any proceeds from the sale of Class A ordinary shares offered by the Selling Shareholder or the Resale Shareholders in the Offering.

Net proceeds from the Offering due to the Company will be used for: (i) acquiring multi-territorial IP licenses; (ii) setting up the Company's own ticketing platform; (iii) possible strategic acquisitions; (iv) expanding the Company's marketing department and financing and administration department; (v) upgrading the Company's enterprise resource planning system; (vi) repaying loans made by a director in connection with the payment of costs and expenses in connection with the Offering ...