Intercont (Cayman) Limited closed a registered direct offering on October 27, 2026, issuing and selling 15,000,000 Class A ordinary shares to certain investors without the use of a placement agent or underwriter. The company expects to receive approximately US$19.5 million from the transaction, based on a negotiated purchase price of $1.30 per share. Investors agreed to pay the full purchase price within three months following closing, with forfeiture provisions for non-payment. This equity issuance was conducted pursuant to an effective registration statement on Form F-3 and a prospectus supplement filed in September 2026. Intercont (Cayman) Limited operates in the financial services industry.
