HTL Capital Ltd. filed a Form F-1 registration statement for an initial public offering on 2024-08-26. It has amended it 2 times. It asked for the registration statement to be withdrawn on 2025-01-23. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We applied to list our Ordinary Shares on the Nasdaq Capital Market under the symbol “NCG”.From the F-1/A filed 2024-11-12
Shares offered
We are offering on a firm commitment basis, 3,750,000 Ordinary Shares.From the F-1/A filed 2024-11-12
Use of proceeds
We currently intend to use the net proceeds from this Offering for pursuing acquisitions, establishing our presence in North America, enhancing our sales channels, strengthening our brand recognition and for working capital and general corporate purposes.From the F-1/A filed 2024-11-12
Revenue
Our revenue increased from US$0.004 million for the year ended December 31, 2022 to US$5.8 million for the year ended December 31, 2023.From the F-1/A filed 2024-11-12
Net loss or income
Our net income increased from net loss of US$683,721 for the year ended December 31, 2022 to net income of US$24,860 for the year ended December 31, 2023.From the F-1/A filed 2024-11-12
Withdrawal
Pursuant to Rule 477 under the Securities Act of 1933, as amended (the “ Securities Act ”), HTL Capital Ltd. (the “ Company ”) hereby requests that the above-referenced registration statement on Form F-1 originally filed on August 26, 2024, including all exhibits filed therewith and the amendment thereto (the “ Registration Statement ”), be withdrawn, effective as of the date hereof.From the RW filed 2025-01-23
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-08-26 | Registration statement filed (foreign issuer) | F-1 |
| 2024-10-25 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-11-12 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-01-23 | Request to withdraw a registration (Form F-1) | RW |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.