Dreamland 2M share IPO priced at $4.00

The company expects to receive aggregate gross proceeds of $8M from the offering, before deducting underwriting discounts and other related expenses. The offering is expected to close on or about July 24, subject to the satisfaction of customary closing conditions. Net proceeds from the offering due to the company will be used for: (i) acquiring multi-territorial IP licenses; (ii) setting up the company’s own ticketing platform; (iii) possible strategic acquisitions; (iv) expanding the company’s marketing department and financing and administration department; (v) upgrading the company’s enterprise resource planning system; (vi) repaying loans made by a director in connection with the payment of costs and expenses in connection with the offering and obtaining a listing of the company’s Class A ordinary shares on the Nasdaq Capital Market; and (vii) working capital and other corporate purposes. Bancroft acted as sole book running manager for the offering.