Pitanium Ltd Sets IPO Terms with Cathay Securities
Ticker: PTNM · Form: 6-K · Filed: Jun 3, 2025 · CIK: 2046573
| Field | Detail |
|---|---|
| Company | Pitanium Ltd (PTNM) |
| Form Type | 6-K |
| Filed Date | Jun 3, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, underwriting-agreement, offering
TL;DR
Pitanium Ltd is going public! IPO details inked May 29th with Cathay Securities for 1.75M shares.
AI Summary
On May 29, 2025, Pitanium Limited entered into an underwriting agreement with Cathay Securities, Inc. for its initial public offering (IPO). The IPO involves the sale of 1,750,000 Class A ordinary shares at a par value of $0.0001 per share.
Why It Matters
This filing indicates Pitanium Limited is proceeding with its initial public offering, a significant step towards becoming a publicly traded company and potentially raising capital.
Risk Assessment
Risk Level: medium — The company is undergoing an IPO, which carries inherent risks related to market reception, valuation, and execution.
Key Numbers
- 1,750,000 — Class A ordinary shares (Offered in the IPO)
Key Players & Entities
- Pitanium Limited (company) — Registrant
- Cathay Securities, Inc. (company) — Representative of the underwriters
- May 29, 2025 (date) — Date of Underwriting Agreement
- 1,750,000 (dollar_amount) — Number of Class A ordinary shares in IPO
FAQ
What is the expected pricing for the Class A ordinary shares in the IPO?
The filing does not specify the expected pricing for the Class A ordinary shares in the IPO.
What is the total number of shares Pitanium Limited plans to offer?
Pitanium Limited plans to offer 1,750,000 Class A ordinary shares.
Who is acting as the representative of the underwriters for this IPO?
Cathay Securities, Inc. is acting as the representative of the underwriters.
When was the underwriting agreement entered into?
The underwriting agreement was entered into on May 29, 2025.
What is the par value of the Class A ordinary shares being offered?
The par value of the Class A ordinary shares is $0.0001 per share.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on June 3, 2025 regarding Pitanium Ltd (PTNM).