CUPR•Cuprina Holdings closed the full exercise of an over-allotment option, selling 648,373 Class A ordinary shares at $1.15 each for $745,629 in gross proceeds. Total gross proceeds from the offering were about $5.72 million before discounts and expenses.
Cuprina Holdings (Cayman) closed the full exercise of an over-allotment option tied to its public offering, selling 648,373 Class A ordinary shares at $1.15 each. The sale generated $745,629 in gross proceeds, bringing total gross proceeds from the offering to about $5,716,491 before underwriting discounts and offering expenses. The company earmarked net proceeds for expansion, research and development, market growth, equipment and infrastructure investment, working capital, and general corporate purposes.
