FAST TRACK GROUP Finalizes $15 Million Initial Public Offering

May 29, 2025 by No Comments

SINGAPORE, May 27, 2025 — (NASDAQ: FTRK) (“Fast Track” or the “Company”), a leading firm specializing in entertainment-related event management and celebrity representation, today announced the completion of its initial public offering of 3,750,000 ordinary shares (the “Ordinary Shares”) priced at $4.00 each, resulting in total gross proceeds of approximately $15 million before accounting for underwriting discounts and other offering expenses. The Company’s Ordinary Shares commenced trading on the Nasdaq Capital Market on May 23, 2025, under the ticker symbol “FTRK”.

The Company has also granted the underwriters an option, exercisable within 45 days, to purchase up to 562,500 additional Ordinary Shares at the public offering price, less the underwriting discount, to cover potential over-allotments.

Alexander Capital, L.P., a full-service broker/dealer, served as the lead book-running manager, with Network 1 Financial Securities, Inc. acting as a co-underwriter for the offering. Loeb & Loeb LLP, Harney Westwood & Riegels Singapore LLP, and Rajah & Tann Singapore LLP served as U.S., Cayman Islands, and Singapore legal counsel to the Company, respectively. Akerman LLP acted as U.S. legal counsel to Alexander Capital for the offering.

The offering was conducted based on the Company’s registration statement on Form F-1, as amended (File No. 333-286542), pertaining to the Ordinary Shares, initially submitted to the U.S. Securities and Exchange Commission (the “SEC”) on September 6, 2024, and declared effective on May 22, 2025. The offering was made exclusively through a prospectus. The final prospectus concerning the offering was filed with the SEC on May 23, 2025, and is accessible on the SEC’s website at . Copies of the final prospectus related to the Offering can be obtained from Alexander Capital, L.P., 10 Drs James Parker Blvd, Suite 202, Red Bank, New Jersey 07701, by telephone at 212-687-5650 or by email at .

Prior to making any investment decisions, it is advisable to review the prospectus and other documents filed or to be filed with the SEC for detailed information about the Company and the offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall any sale of these securities occur in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.

About FAST TRACK GROUP
FAST TRACK GROUP is a prominent event management and celebrity agency specializing in the entertainment sector. Since its founding in Singapore in 2012, the Company has expanded throughout the Asia Pacific region, establishing itself as a preferred partner for event and endorsement organizers. FAST TRACK GROUP’s services extend beyond traditional event management, encompassing media planning, PR management, technical production planning, celebrity sourcing, celebrity engagement consultancy, and event manpower support, all executed to the highest standards.

Cautionary Note Regarding Forward-Looking Statements
This announcement contains certain forward-looking statements that are subject to risks and uncertainties. These statements are based on the Company’s current expectations, and investors can identify them by the use of terms like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and similar expressions. While the Company believes these expectations are reasonable, it cannot guarantee their accuracy. The Company advises investors that actual results may differ materially from anticipated results and encourages them to review the risk factors in the Company’s final prospectus and other SEC filings before making investment decisions. The Company is not obligated to update or revise any forward-looking statements to reflect new events or circumstances or changes in expectations, except as required by law.

Investor Relations
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
  

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