Phaos Technology Sets IPO Share Price at $4.00 for 3.6 Million Shares

IPO Pricing Details: Phaos Technology has priced its initial public offering at $4.00 per share, offering a total of 2,700,000 class A ordinary shares for gross proceeds of $10,800,000.

Selling Shareholders: An additional 900,090 class A ordinary shares are being offered by certain selling shareholders, from which the company will not receive any proceeds.

Underwriters' Option: The underwriters have a 45-day option to purchase up to 405,000 additional shares to cover over-allotments, representing 15% of the shares sold in the offering.

Trading and Closing Dates: The shares are expected to begin trading on the NYSE American under the ticker symbol "POAS" on November 13, 2025, with the offering expected to close on November 14, 2025, subject to customary conditions.