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Vantage Corp Announces Full Exercise of Underwriters' Over-Allotment Option in Connection with its Initial Public Offering

SINGAPORE, June 18, 2025 (GLOBE NEWSWIRE) -- Vantage Corp (NYSE:VNTG) ("Vantage" or the "Company"), a shipbroking company providing comprehensive services including brokerage, consultancy, and operational support in the tanker market, announced today that the underwriter of its initial public offering (the "Offering") has fully exercised their over-allotment options to purchase an additional 487,500 Class A Ordinary Shares at the public offering price of $4.00 per share, resulting in additional gross proceeds of $1,950,000.

After giving effect to the exercise of the over-allotment option, the total number of shares sold by Vantage in the Offering increased to 3,737,500 Class A Ordinary Shares and the total gross proceeds from the Offering increased to $14,950,000, prior to deducting underwriting discounts and other offering expenses. The option closing date was June 18, 2025.

The Company's Class A Ordinary Shares began trading on the NYSE American on June 12, 2025, under the symbol "VNTG".

Network 1 Financial Securities, Inc., a full-service broker/dealer, acted as the sole managing underwriter and bookrunner for the Offering. Loeb & Loeb LLP acted as legal counsel to Vantage Corp and Hunter Taubman Fischer & Li LLC acted as legal counsel to Network 1 Financial Securities, Inc. for the Offering.

The Offering is being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-282566), relating to the shares ...