Business Context and Reporting Period
Company: Eastern International Ltd.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: August 2025
Event: Completion of Initial Public Offering (IPO)
Key Financial Metrics
Offering Details:
- Shares Sold: 1,600,000 Ordinary Shares
- Offering Price: $4.00 per share
- Gross Proceeds: $6.4 million
- Over-allotment: None exercised (Option for 240,000 shares expired unused)
- Quantity: 64,000 Warrants issued to Underwriter
- Exercise Price: $4.80 per share
- Term: 5 years from commencement of sales
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity as this report focuses solely on the IPO transaction.
Material Changes
This filing represents the company's initial public offering. There is no prior comparable period for financial performance comparison within this document. The primary material change is the transition from a private entity to a public company with 1,600,000 shares outstanding sold to the public.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the closing of the offering on August 29, 2025, and references press releases regarding pricing and closing. No specific forward-looking guidance or outlook is provided in this text.
Risks and Contingencies: The filing notes that the summary of the Underwriting Agreement is subject to the full agreement filed as Exhibit 1.1. No specific risk factors are detailed in this summary text.
Investor Verification Checklist
- Verify the final net proceeds after deducting underwriting discounts and offering expenses (not stated in this summary).
- Review the full Underwriting Agreement (Exhibit 1.1) for lock-up periods and indemnification terms.
- Confirm the use of proceeds as detailed in the final prospectus filed on August 28, 2025.
- Check the company's audited financial statements in the Form F-1 registration statement (File No. 333-281900) for historical revenue and profitability.