Business Context and Reporting Period
This Form 6-K filing by Orangekloud Technology Inc. covers the month of August 2024. The report details the completion of the Company's initial public offering (IPO) and the subsequent exercise of an over-allotment option.
Key Financial Metrics
The filing focuses on capital raising activities rather than operational financial performance.
- Gross Proceeds: Approximately $1.9 million from the IPO and over-allotment shares combined.
- Offering Price: $4.75 per share.
- Shares Issued: 2,750,000 Class A ordinary shares in the initial offering plus 409,000 over-allotment shares.
- Net Proceeds: The filing states gross proceeds before deducting underwriting discounts and other related expenses; net proceeds are not specified.
- Operational Metrics: Revenue, profit, cash flow, margins, debt, and liquidity figures are not provided in this filing.
Material Changes
The primary material change is the transition to a publicly traded entity following the IPO.
- Underwriting Agreement: Entered into on July 24, 2024, with Maxim Group LLC.
- Over-Allotment Exercise: On July 30, 2024, the underwriter exercised the option to purchase an additional 409,000 shares, which closed on August 1, 2024.
Guidance, Outlook, and Risks
This filing does not contain management guidance, future outlook, or specific risk factors beyond standard legal disclaimers regarding the legality of securities offers in various jurisdictions. The document serves strictly as a notification of the material definitive agreement and the closing of the offering.
Investor Verification Checklist
- Verify the exact amount of underwriting discounts and expenses to calculate net proceeds.
- Review the full Registration Statement on Form F-1 (File No. 333-277162) for detailed financial history and risk factors.
- Confirm the use of proceeds as outlined in the IPO prospectus.
- Check for any subsequent filings regarding the Company's post-IPO financial performance.