SAG Holdings Limited Prices Initial Public Offering and Lists on Nasdaq

October 23, 2024 by No Comments

SINGAPORE, Oct. 22, 2024 — SAG Holdings Limited (“SAG Holdings” or the “Company”), (Nasdaq: SAG), a Singapore-based provider of high-quality Original Equipment Manufacturer (“OEM”), third-party branded and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines, today announced the pricing of its initial public offering (the “Offering”) of 875,000 ordinary shares at a price of $8.00 per share to the public, for a total of US$7,000,000 of gross proceeds to the Company, before deducting underwriting discounts and other offering expenses.

The Company is offering all of the ordinary shares. The ordinary shares will begin trading on the Nasdaq Capital Market on October 23, 2024, under the symbol “SAG.”

Wilson-Davis & Co., Inc., is serving as the lead underwriter of the Offering. TroyGould PC is acting as U.S. counsel to the Company.

A registration statement on Form F-1, as amended (File No. 333-267771) relating to the Offering has been filed with the Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on September 30, 2024. The Offering is being made solely through a prospectus, which is part of the registration statement. Copies of the final prospectus related to the Offering can be obtained, when available, from Wilson-Davis & Co., Inc., 236 South Main Street, Salt Lake City, UT 84101, or by email at , or by telephone at (801) 532-1313. Additionally, a copy of the final prospectus, when available, relating to the Offering can be accessed through the SEC’s website at .

Before investing, you should read the prospectus and other documents the Company has filed or will file with the SEC to get more information about the Company and the Offering. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and there will be no sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of that state or jurisdiction.

About SAG Holdings

SAG Holdings is a leading Singapore-based distributor dedicated to supplying high-quality spare parts across a wide range of industries.
On-Highway Division: We provide a comprehensive range of genuine OEM and aftermarket parts for passenger vehicles, trucks, and buses. Our offerings encompass parts from manufacturers’ brands, trusted third-party labels, and our in-house brands.

Off-Highway Division: Serving industries such as construction, marine, power generation, mining, and transportation, we offer specialized spare parts focusing on filtration systems, lubricants, batteries, and internal combustion engine components.

Our unwavering commitment to quality ensures customers experience maximum uptime, enhanced performance, and reduced total cost of ownership throughout the lifecycle of their machines. For more information, visit .

Safe Harbor Statement

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and SAG Holdings Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: