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

Texxon Holding Limited (NASDAQ: NPT) has announced the full exercise of the underwriters' over-allotment option in its initial public offering, resulting in additional gross proceeds of $1.43 million. The underwriters exercised their option to purchase an additional 285,000 ordinary shares at $5.00 per share, bringing the total gross proceeds from the offering to $10.93 million before accounting for underwriting discounts and offering expenses.

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. This successful capital raise represents a significant milestone for Texxon Holding as it seeks to expand its operations and strengthen its market position in East China's plastics and chemical supply chain sector.

As a leading supply chain management provider for the plastics and chemical industries in East China, Texxon operates a technology-enabled platform that offers comprehensive services to Chinese small and medium-sized enterprise customers. The company provides procurement, shipping and logistics, payments, and fulfillment services through its sophisticated digital infrastructure. The additional capital from the over-allotment exercise will support Texxon's ambitious goal of building the largest one-stop plastic and chemical raw material supply chain management platform in China.

The implications of this successful capital raise extend beyond Texxon's immediate financial strengthening. For the broader plastics and chemical industry in China, Texxon's expansion represents a move toward greater efficiency and digital transformation in a traditionally complex and labor-intensive sector. The company's platform aims to streamline raw material procurement processes, potentially leading to enhanced convenience, cost-effectiveness, and operational efficiency for customers throughout the supply chain.

Texxon's technological infrastructure includes a highly scalable distributed software architecture designed for continuous improvement and an effective User Experience Design process to optimize customer interactions. With over a decade of industry experience, the company has accumulated substantial transaction data, including comprehensive supplier and customer information, price trends, category-specific price indexes, and market demand volume. This data repository enables Texxon to analyze market patterns and make informed decisions that benefit both suppliers and customers in the plastics and chemical raw materials ecosystem.

The successful completion of the IPO and over-allotment exercise positions Texxon to accelerate its growth strategy in a market where digital transformation of traditional industries is becoming increasingly crucial. For investors and industry observers, the full exercise of the underwriters' option signals strong market confidence in Texxon's business model and growth potential within China's substantial plastics and chemical sectors. The additional funding will likely support expanded service offerings, technological enhancements, and potential market expansion initiatives as Texxon works toward establishing itself as the dominant supply chain management platform in its specialized industry segment.