SINGAPORE, January 15, 2025 – Uni-Fuels Holdings Limited (NASDAQ: UFG), a Singapore-based global marine fuel solutions provider, today announced the completion of its initial public offering (IPO). The IPO involved 2,100,000 Class A Ordinary Shares sold at $4.00 per share, generating $8.4 million in gross proceeds for the company before underwriting costs. Uni-Fuels offered all shares. Trading commenced on the Nasdaq Capital Market on January 14, 2025, under the ticker symbol “UFG,” with the offering concluding on January 15, 2025.

The underwriters hold an option to purchase up to an additional 315,000 Class A Ordinary Shares within 45 days of the registration statement’s effective date.

Uni-Fuels plans to use the IPO proceeds to expand its reselling operations, increase market share, strengthen its team, expand geographically, and for general corporate purposes and cash reserves.

R. F. Lafferty & Co., Inc. served as the sole book-running manager for the firm commitment offering.

The Form F-1 registration statement was initially filed with the U.S. Securities and Exchange Commission (SEC) on October 28, 2024, and declared effective on January 10, 2025. This offering was exclusively made via prospectus. A free copy of the final prospectus is available on the SEC’s EDGAR website or from R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005; (212) 293-9090.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, and no sale will occur in jurisdictions where prohibited prior to registration or qualification under applicable securities laws.

About Uni-Fuels Holdings Limited

Uni-Fuels is a rapidly growing global provider of marine fuel solutions, assisting shipping companies in optimizing fuel procurement across all markets and time zones. Established in 2021, Uni-Fuels has quickly become a dynamic company. Its dedicated team and expanding global presence have enabled it to build strong customer partnerships, supporting clients in achieving their operational goals reliably.

For more information, visit [website address].

Forward-Looking Statements

This press release includes “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995, including statements about the intended use of proceeds. These statements, which may include words like “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “can have,” “likely,” and similar terms, do not relate solely to historical or current facts. They represent Uni-Fuels’ current expectations regarding future events and are subject to risks and uncertainties that could significantly alter actual results. These risks include market conditions and the successful completion of the IPO, among others, which are detailed in the registration statement filed with the SEC. Investors should not place undue reliance on any forward-looking statements. Further information is available in the Company’s SEC filings at www.sec.gov. The Company does not commit to publicly updating these forward-looking statements.

Contact Information

For Investor Relations:

Uni-Fuels Holdings Ltd
Email: investors@uni-fuels.com

Skyline Corporate Communications Group, LLC
Email: info@skylineccg.com