Intercont (Cayman) Limited has priced a best-efforts public offering expected to generate gross proceeds of approximately $6.32 million before placement agent fees and other expenses. The offering consists of 8 million units at $0.79 per unit, with each unit comprising one Class A ordinary share and one warrant to purchase one Class A ordinary share at an exercise price of $0.869, exercisable for six months from issuance. The company intends to use the net proceeds for business expansion, general working capital, and other general corporate purposes. The offering is expected to close on or about July 8, 2026, subject to customary closing conditions, with Prime Number Capital, LLC acting as sole placement agent.
Intercont (Cayman) Limited Ordinary sharesCompany prices public offering to raise $6.32 million for business expansion and working capital.