Intercont (cayman) limited announces closing of its initial public offering

Hong kong, march 31, 2025 (globe newswire) -- intercont (cayman) limited (“intercont” or the “company”), a global shipping enterprise with plans for seaborne pulping operations, today announced the closing of its public offering (the “offering”) of 1,500,000 ordinary shares (the “ordinary shares”) at a public offering price of $7.00 per share (the “ipo”). the company received the gross proceeds of $10,500,000 from the offering, before deducting underwriting discounts and offering expenses. the ordinary shares commenced trading on the nasdaq capital market on march 28, 2025 under the ticker symbol "nct."
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