CTW Cayman announced the successful closing of its initial public offering (IPO), confirming the receipt of gross proceeds totaling $12.0 million. This capital infusion is a significant milestone for the company's growth plans.
The company's Class A ordinary shares officially commenced trading on The Nasdaq Capital Market on August 6, 2025, under the ticker symbol 'CTW'. This marks CTW Cayman's formal entry into the public market.
In addition to the initial offering, the underwriters have been granted an option to purchase up to an additional 360,000 ordinary shares within 45 days from the closing date. This option provides further flexibility for potential capital expansion.
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