Smart Digital Group Limited Sets Price for Initial Public Offering on Nasdaq

Smart Digital Group Limited IPO Announcement

Introduction
On May 1, 2025, Smart Digital Group Limited, a digital marketing service provider located in Singapore, officially announced the pricing of its initial public offering (IPO). The company is set to offer 1,500,000 ordinary shares with a par value of $0.001 each. The shares will be priced at $4.00 each, aiming to raise a total of $6 million before deducting any costs associated with underwriting and other expenses.

Initial Public Offering Details
The ordinary shares have been approved for listing on the Nasdaq Capital Market, and trading is expected to commence on May 2, 2025, under the ticker symbol SDM. The company has also granted underwriters a 45-day option to acquire an additional 225,000 shares at the same offering price, minus underwriting discounts.

Funding Objectives
The funds raised from this IPO will primarily support the expansion of Smart Digital Group’s business. Key areas for investment will include enhanced brand promotion and marketing efforts, software development, as well as working capital for general corporate needs. This strategic funding aims to bolster the company's market position and facilitate its growth trajectory.

Underwriters and Legal Counsel
The IPO is being executed on a firm commitment basis, with US Tiger Securities, Inc. acting as the sole book-runner for the offering. Additionally, Hunter Taubman Fischer Li LLC serves as legal counsel for the company, while VCL Law LLP provides counsel to the underwriters.

Registration and Regulatory Compliance
A registration statement on Form F-1 concerning this offering was filed and subsequently declared effective by the Securities and Exchange Commission (SEC) on May 1, 2025. It’s essential for investors to consult the prospectus associated with the offering for comprehensive information about the company and its financial projections. Copies of the final prospectus are available through US Tiger Securities, Inc. and can also be accessed on the SEC’s official website.

About Smart Digital Group Limited
Smart Digital Group Limited specializes in digital marketing and is based in Singapore. The company offers a variety of services, including event planning, internet media services, software customization, and business consulting. More details about their offerings can be found on their official website at sdmmeta.com.

Conclusion
This IPO represents a significant milestone for Smart Digital Group as they look to establish a stronger foothold in the competitive digital marketing landscape. The successful completion of this offering will not only enhance their capital but also provide essential resources for their ambitious growth plans in the upcoming years. Given the current market conditions and the growing demand for digital marketing solutions, Smart Digital Group's listing on Nasdaq could mark the beginning of an exciting phase for the company and its stakeholders.