Neo-Concept International Group Holdings Ltd. (NASDAQ: NCI) closed a registered direct offering with an institutional investor, raising approximately $2.0 million in gross proceeds. The offering comprised 2,000,000 Class A ordinary shares, or pre-funded warrants in lieu of shares, priced at $1.00 per share.
The offering closed on October 1, 2026. Univest Securities acted as the sole placement agent.
Neo-Concept plans to use the net proceeds for working capital and general corporate purposes. The agreement includes a 90-day lock-up period for directors and officers.