iOThree Limited - Ordinary Shares (IOTR)

Hybrid Cloud and On-Premise ERP Solution Enhances Compliance and Operational Efficiency for Vessel Management

SINGAPORE, April 11, 2025 (GLOBE NEWSWIRE) -- iOThree Limited ("iOThree" or the "Company") (NASDAQ: IOTR), a leading provider of maritime digital technologies including satellite connectivity and digitalization solutions in Singapore with a focus on facilitating the maritime industry towards digital transformation, today announced the closing of its initial public offering (the "Offering") of an aggregate of 2,100,000 ordinary shares of par value $0.00625 per share (the “Ordinary Shares”), at a public offering price of US$4.00 per share, of which 1,650,000 Ordinary Shares were sold by the Company and 450,000 Ordinary Shares were sold by the selling shareholders of the Company. The Company did not receive any proceeds from any sale of Ordinary Shares by the selling shareholders. The Company's Ordinary Shares began trading on April 10, 2025, U.S. Eastern time, on the Nasdaq Capital Market under the ticker symbol "IOTR".