Texxon Completes IPO Over-Allotment Option, Raising Additional $1.43 Million for Supply Chain Expansion

Texxon Holding Limited has announced the full exercise of the underwriters' over-allotment option in its recent initial public offering, with underwriters purchasing an additional 285,000 ordinary shares at $5.00 per share. This transaction generated an additional $1.43 million in gross proceeds, bringing the total offering size to $10.93 million before underwriting discounts and 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.

The full exercise of the over-allotment option indicates strong investor demand for Texxon's shares and provides the company with additional capital to execute its growth strategy in China's competitive plastics and chemical industries. As a technology-enabled supply chain management platform serving small and medium-sized enterprises, Texxon provides a comprehensive suite of services including procurement, shipping and logistics, payments, and fulfillment services. The company aims to streamline the complex raw material procurement process that has traditionally been labor-intensive and inefficient for Chinese SMEs.

Texxon has developed a highly scalable distributed software architecture designed for continuous improvement and maintains an effective User Experience Design process to enhance customer satisfaction. With over a decade of industry experience, the company has accumulated substantial transaction data including supplier and customer information, price trends, category-specific price indexes, and market demand volume. This data repository enables the company to analyze market trends and make informed business decisions, providing a competitive advantage in the rapidly evolving supply chain sector.

The successful IPO and over-allotment exercise come as Texxon pursues its ambition to build the largest one-stop plastic and chemical raw material supply chain management platform in China. The additional capital will support the company's efforts to enhance convenience, cost-effectiveness, and operational efficiency for its customers. For investors seeking additional information, the company maintains an investor relations website at https://ir.npt-cn.com.

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This development represents a significant milestone for technology-enabled supply chain solutions in emerging markets, demonstrating investor confidence in digital transformation initiatives within traditional industries. The successful capital raise positions Texxon to potentially accelerate its market expansion and technological enhancements, which could have broader implications for supply chain efficiency and digital adoption across China's manufacturing sector.