Texxon Holding Secures Additional $1.43 Million Through Full Exercise of Underwriters' Over-Allotment Option

Texxon Holding Limited (NASDAQ: NPT), a leading supply chain management provider for the plastics and chemical industries in East China, has announced the full exercise of the underwriters' over-allotment option in its recent initial public offering. The underwriters exercised their option to purchase an additional 285,000 ordinary shares at $5.00 per share, generating additional gross proceeds of $1.43 million before underwriting discounts and offering expenses.

This development brings the total gross proceeds from the offering to $10.93 million, representing a significant capital infusion for the company as it expands its operations in the competitive Chinese market. The successful exercise of the over-allotment option indicates strong investor demand and market confidence in Texxon's business model and growth prospects. The company's ordinary shares began trading on the Nasdaq Capital Market on October 22, 2025, with D. Boral Capital LLC serving as the sole book-running manager for the offering.

The additional capital will support Texxon's ambitious plans to build what it describes as the largest one-stop plastic and chemical raw material supply chain management platform in China. The company's technology-enabled platform provides comprehensive services to Chinese small and medium-sized enterprise customers, including procurement, shipping and logistics, payments, and fulfillment services. This expansion comes at a time when supply chain efficiency has become increasingly critical for businesses operating in global markets.

Texxon's approach focuses on streamlining the complex and labor-intensive raw material procurement process, aiming to enhance convenience, cost-effectiveness, and operational efficiency for its customers. The company has developed a highly scalable distributed software architecture designed for continuous improvement and maintains an effective User Experience Design process to optimize customer interactions. With over a decade of industry experience, Texxon has accumulated substantial transaction data, including comprehensive supplier and customer information, detailed price trends, category-specific price indexes, and market demand volume analytics.

This data repository enables the company to conduct sophisticated analysis of market trends and demand patterns, supporting informed decision-making for both the company and its clients. The successful IPO and subsequent over-allotment exercise position Texxon to accelerate its growth strategy in East China's plastics and chemical industries, sectors that represent significant components of the regional manufacturing economy. For additional information about the company, investors can visit the corporate website at https://ir.npt-cn.com.