The deal priced at the low end of the $4.00-$6.00 range. The company intends to use the net proceeds from the offering for: (i) expanding its supplier network by partnering with reputable whisky distilleries; (ii) increasing its bottling and packaging capacity for its proprietary brand whisky products; (iii) enhancing its warehouse facilities and strengthening its inventory capacity in response to growing market demand; (iv) implementing strategic marketing initiatives aimed at driving growth, as well as expanding its sales team and strengthening its market presence in both existing and new geographical regions, including Japan, Hong Kong, Singapore, Malaysia, and other Asia-Pacific countries; and (v) general corporate purposes. D. Boral Capital and Revere acted as joint book running managers for the offering.
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