Republic Power Group Limited – Offering of Class A Ordinary Shares
On April 2, 2026, Republic Power Group Limited (the "Company") entered into a securities purchase agreement to offer 40,000,000 Class A ordinary shares at an offering price of $0.25 per share. The offering, expected to close on or about April 8, 2026, is being conducted under a registration statement on Form F-1, which was declared effective on March 31, 2026. The Company entered into an escrow account agreement on March 17, 2026, to hold subscription funds, which will be released upon satisfaction of closing conditions. The Company received net proceeds of approximately US$9,817,500 from the offering. These proceeds are intended for research and development, marketing and branding investments, capital expenditures, recruitment, and general corporate purposes, including potential future acquisitions and growth opportunities.