Republic Power Group Limited (Nasdaq: RPGL) has successfully closed its initial public offering, raising a total of US$5.0 million. The Offering included 2,120,000 Class A ordinary shares, with 1,250,000 offered by the Company and 870,000 by selling shareholders at a price of US$4.00 per share. The net proceeds will be used for research, development, marketing, recruitment, and future acquisitions. The Offering was led by Bancroft Capital, LLC and included legal counsel from Hunter Taubman Fischer & Li LLC and The Crone Law Group, P.C. Interested investors can access the prospectus through Bancroft Capital or the SEC’s website.

Read more at GlobeNewswire: Republic Power Group Limited Announces Closing of Initial