Reitar Logtech announced that Cathay Securities has fully exercised its over-allotment option to purchase 318,750 additional Class A Ordinary Shares at $4.00 per share. The total gross proceeds from the IPO, including the over-allotment exercise, reached approximately $9.8 million before deducting underwriting discounts and expenses.The company's Class A Ordinary Shares commenced trading on the Nasdaq Capital Market on August 23, 2024, under the symbol "RITR". The proceeds will be utilized for expanding logistics facilities, building R&D capabilities, expanding geographic market coverage, investing in logistics projects, and general working capital purposes.The IPO was conducted on a firm commitment basis with Cathay Securities acting as sole book runner and lead underwriter. The registration statement on Form F-1 was declared effective by the SEC on August 16, 2024, with the final prospectus filed on August 23, 2024.

Reitar Logtech announced that Cathay Securities has fully exercised its over-allotment option to purchase 318,750 additional Class A Ordinary Shares at $4.00 per share. The total gross proceeds from the IPO, including the over-allotment exercise, reached approximately $9.8 million before deducting underwriting discounts and expenses.The company's Class A Ordinary Shares commenced trading on the Nasdaq Capital Market on August 23, 2024, under the symbol "RITR". The proceeds will be utilized for expanding logistics facilities, building R&D capabilities, expanding geographic market coverage, investing in logistics projects, and general working capital purposes.The IPO was conducted on a firm commitment basis with Cathay Securities acting as sole book runner and lead underwriter. The registration statement on Form F-1 was declared effective by the SEC on August 16, 2024, with the final prospectus filed on August 23, 2024.