Junee Ltd: Underwriters Exercise Over-Allotment Option
Ticker: SUPX · Form: 6-K · Filed: Jun 11, 2024 · CIK: 1897087
| Field | Detail |
|---|---|
| Company | Junee Ltd (SUPX) |
| Form Type | 6-K |
| Filed Date | Jun 11, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $4.00, $9,052,272, b |
| Sentiment | bullish |
Sentiment: bullish
Topics: ipo, over-allotment, secondary-offering
TL;DR
Junee Ltd IPO shares: Underwriters bought an extra 263k shares at $4 each on May 31st.
AI Summary
On May 31, 2024, Junee Limited announced that Spartan Capital Securities, LLC, acting as the underwriter's representative, exercised its over-allotment option. This involved purchasing an additional 263,068 ordinary shares at the public offering price of US$4.00 per share, totaling US$1,052,272.
Why It Matters
The exercise of the over-allotment option indicates strong demand for Junee Limited's shares post-IPO, potentially signaling investor confidence.
Risk Assessment
Risk Level: low — This filing is a routine disclosure regarding the exercise of an over-allotment option following an IPO, which is a standard event.
Key Numbers
- 263,068 — Additional Shares Purchased (Represents the exercise of the over-allotment option.)
- US$4.00 — Price Per Share (The public offering price at which the additional shares were sold.)
- US$1,052,272 — Total Value of Over-Allotment (Calculated from 263,068 shares at US$4.00 each.)
Key Players & Entities
- Junee Limited (company) — The company whose shares are being discussed.
- Spartan Capital Securities, LLC (company) — Representative of the underwriters for the IPO.
- May 31, 2024 (date) — Date the over-allotment option was exercised.
- US$4.00 (dollar_amount) — The price per share for the over-allotment shares.
- 263,068 (number) — Number of additional ordinary shares purchased.
FAQ
What is the total value of the over-allotment shares purchased?
The total value of the 263,068 over-allotment shares purchased at US$4.00 per share is US$1,052,272.
Who exercised the over-allotment option?
Spartan Capital Securities, LLC, as the representative of the underwriters of the initial public offering, exercised the over-allotment option.
On what date was the over-allotment option exercised?
The over-allotment option was exercised on May 31, 2024.
How many additional ordinary shares were purchased?
An additional 263,068 ordinary shares were purchased.
What is the public offering price per share?
The public offering price per share for the over-allotment shares was US$4.00.
Filing Stats: 298 words · 1 min read · ~1 pages · Grade level 17.4 · Accepted 2024-06-11 06:30:11
Key Financial Figures
- $4.00 — mpany at the public offering price of US$4.00 per share. The closing for the sale of
- $9,052,272, b — of the over-allotment shares, totaled US$9,052,272, before deducting underwriting discounts a
Filing Documents
- ea0207350-6k_juneeltd.htm (6-K) — 9KB
- 0001213900-24-051496.txt ( ) — 10KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Junee Limited Date: June 11, 2024 By: /s/ Wai King (Vincent) Or Name: Wai King (Vincent) Or Title: Executive Director 2