Texxon Holding Secures Additional $1.43 Million Through Full Exercise of Underwriters' Option

Texxon Holding Limited (NASDAQ: NPT) has completed the full exercise of its underwriters' over-allotment option, generating an additional $1.43 million in capital following its initial public offering. The underwriters purchased 285,000 additional ordinary shares at $5.00 per share, bringing the total gross proceeds to $10.93 million before accounting for underwriting discounts and expenses.

The company's ordinary shares began trading on the Nasdaq Capital Market on October 22, 2025, with D. Boral Capital LLC serving as the sole book-running manager for the offering. The successful exercise of the over-allotment option indicates robust investor demand for Texxon's shares and provides additional capital for the company's expansion initiatives in China's plastics and chemical supply chain sector.

This development is significant for investors and industry observers as it demonstrates continued market confidence in Chinese supply chain management companies despite global economic uncertainties. The additional funding strengthens Texxon's financial position as it seeks to expand its technology-enabled platform services across East China. The full exercise of the over-allotment option typically signals that the initial offering was well-received by institutional investors, potentially indicating positive market sentiment toward the company's growth prospects.

For the broader chemical and plastics industry, Texxon's successful capital raise represents ongoing digital transformation in traditional supply chain operations. The company's focus on streamlining procurement processes through technology could influence how other players in the sector approach operational efficiency and customer service enhancement. The additional capital may accelerate Texxon's ambition to become China's largest one-stop plastic and chemical raw material supply chain management platform.

International investors monitoring Chinese companies listed on U.S. exchanges will find this development noteworthy as it reflects continuing interest in China's industrial technology sector. The successful offering comes at a time when cross-border investment flows between China and U.S. markets face increased scrutiny, making Texxon's Nasdaq listing and subsequent over-allotment exercise a barometer for investor appetite in similar ventures.

The company's strategic positioning in East China, a major industrial hub, combined with its technology-driven approach to supply chain management, could have broader implications for how traditional industries adopt digital solutions. As companies worldwide seek to optimize supply chain operations amid global disruptions, Texxon's model may offer insights into efficient resource management and customer service delivery in specialized industrial sectors.

For more information about the company, investors can visit https://ir.npt-cn.com. Additional details about the press release are available at https://ibn.fm/yxdOI.