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TryHard Holdings Limited Announces Closing of Initial Public Offering

OSAKA, Japan, Aug. 29, 2025 (GLOBE NEWSWIRE) -- TryHard Holdings Limited ("TryHard" or the "Company"), a lifestyle entertainment company in Japan with principal businesses comprising of (i) event curation; (ii) consultancy and management services; (iii) sub-leasing of entertainment venues; and (iv) ownership and operation of restaurants, today announced the closing of its previously announced initial public offering (the "Offering") of an aggregate 1,525,000 ordinary shares of par value $0.00002 per share (the "Ordinary Shares"), at a public offering price of $4.00 per share, of which 1,067,500 Ordinary Shares are offered by the Company and 457,500 Ordinary Shares are offered by certain selling shareholders, for total gross proceeds of approximately $7 million, before deducting underwriting discounts and offering expenses. The Company did not receive any proceeds from the sale of shares by the selling shareholders. The shares began trading on the Nasdaq Capital Market on August 28, 2025, under the ticker symbol "THH".

The Company granted the underwriters a 45-day option to purchase up to 228,750 Ordinary Shares, equal to 15% of the total number of Ordinary Shares sold in this offering to cover over-allotments, which over-allotment was provided solely by the Company. The over-allotment option was exercised in full by the underwriters on August 28, 2025.

The Company received aggregate net proceeds of approximately $2.7 million, after deducting discounts, expenses and expense allocations, which includes proceeds from the over-allotment option. The Company plans to use proceeds of the Offering for (i) business development and marketing; (ii) strategic acquisitions and/or joint ventures and/or business cooperation; and (iii) working capital and general corporate purposes.

The Offering was conducted on a firm commitment basis. US Tiger Securities, Inc. acted as sole underwriter for the Offering. Troy Gould PC acted as U.S. securities counsel to the Company, ...