Empro closes remaining portion of underwriter’s over-allotment option

Empro (EMPG) closed the sales of an additional 91,250 ordinary shares of the Company, representing the exercise of the remaining portion of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering, at the IPO price of $4.00 per share, less underwriting discounts. As a result, the Company has raised gross proceeds of $365,000 in addition to the previously announced IPO gross proceeds of approximately $5,500,000 and the previously announced gross proceeds of $460,000 arising from the partial exercise by the underwriter of its over-allotment option that closed on July 30, 2025, for aggregate gross of proceeds of $6,325,000, before deducting underwriting discounts and other offering expenses. The Offering was conducted on a firm commitment basis. R.F. Lafferty & Co. acted as the sole underwriter for the Offering. Pryor Cashman acted as U.S. counsel to the Company, and Sichenzia Ross Ference Carmel acted as U.S. counsel to the Underwriter in connection with the Offering.