On October 31, 2025, the Capital Markets Team at Concord & Sage PC once again successfully assisted its client, Agencia Comercial Spirits Ltd (NASDAQ: AGCC), in completing the over-allotment option following its initial public offering (IPO), further expanding the company’s total fundraising scale.

According to the company’s Form 6-K filed with the U.S. Securities and Exchange Commission (SEC), Agencia Comercial Spirits Ltd entered into an underwriting agreement with D. Boral Capital LLC on October 21, 2025. The company offered 1,750,000 Class A ordinary shares at a price of US$4.00 per share on the Nasdaq Capital Market and commenced trading on October 22, 2025.

Subsequently, on October 29, 2025, the underwriter fully exercised its 15% over-allotment option, purchasing an additional 262,500 Class A ordinary shares at the same offering price. The additional shares were delivered on October 31, 2025, bringing the total number of shares issued in the IPO to 2,012,500 shares and the aggregate gross proceeds to approximately US$8.05 million (before deducting underwriting commissions and expenses).

The successful exercise of the over-allotment option reflects strong market confidence in the company’s business model and long-term growth potential. It also marks another milestone for Concord & Sage’s Capital Markets Team in providing comprehensive legal services for U.S. IPOs and post-listing financings of small and mid-cap enterprises.