Sagtec global limited announces closing of initial public offering

Kuala lumpur, malaysia, march 10, 2025 (globe newswire) -- sagtec global limited (nasdaq: sagt) (“sagtec” or the “company”), a leading provider of customizable software solutions that has revolutionized malaysia's food and beverage industry with speed+, a pioneering cloud point of sale (pos) system integrated qr pay, today announced the closing of its previously announced initial public offering (the “offering”) of an aggregate 1,750,000 ordinary shares at a public offering price of $4.00 per share. the total gross proceeds from the offering were approximately $7 million, before deducting underwriting discounts and commissions and offering expenses.
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