RITR Reitar Logtech Holdings Ltd

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2024

 

Commission File Number: 001-42210

 

 

Reitar Logtech Holdings Limited

(Translation of registrant’s name into English)

 

 

c/o Unit 801, 8th Floor, Tower 2, The Quayside, 77 Hoi Bun Road

 

Kwun Tong, Kowloon, Hong Kong

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒         Form 40-F ☐

 

 

 

EXHIBIT INDEX

 

Exhibit No.		Description
99.1		Press Release dated September 13, 2024 Hong Kong time

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Reitar Logtech Holdings Limited
	By:	/s/ Kin Chung Chan
	Name:	Kin Chung Chan
	Title:	Director, Chairman and Chief Executive Officer
Date: September 12, 2024

 

 

2

 

 

 

Exhibit 99.1

 

Reitar Logtech Holdings Limited Announces Full Exercise of Over-Allotment Option

 

Hong Kong, September 13, 2024 --  Reitar Logtech Holdings Limited (Nasdaq: RITR) (the “Company”), a comprehensive logistics solutions provider in Hong Kong, today announced that Cathay Securities, Inc., as representative of the underwriters of the Company’s firm commitment initial public offering (the “IPO” or the “Offering”), has exercised its over-allotment option in full to purchase an additional 318,750 additional Class A Ordinary Shares of the Company (the “Class A Ordinary Shares”) at the IPO price of $4.00 per share. The total gross proceeds that the Company will receive from the IPO, including the proceeds from the underwriters' exercise of the over-allotment option in full, is approximately $9.8 million, before deducting underwriting discounts and other related expenses. The Class A Ordinary Shares began trading on the Nasdaq Capital Market on August 23, 2024, under the symbol “RITR”.

 

Proceeds from the Offering will be used by the Company primarily for (i) expanding its resources and investing in state-of-the-art logistics facilities, (ii) building its in-house research and development capabilities, (iii) expanding the geographic coverage of its market, (iv) investing in logistics projects and (v) other working capital and general corporate purposes.

 

The Offering is being conducted on a firm commitment basis. Cathay Securities, Inc. is acting as sole book runner and lead underwriter for the Offering.

 

A registration statement on Form F-1 relating to the Offering has been filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333-278295) and was declared effective by the SEC on August 16, 2024. The Offering was made only by means of a prospectus. A final prospectus relating to the Offering was filed with the SEC on August 23, 2024 and may be obtained from Cathay Securities Inc., 40 Wall St., Suite 3600, New York, NY 10005, or via email at ipo@cathaysecurities.com. In addition, a copy of the final prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.

 

This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

 

Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC, which are available for review at www.sec.gov.

 

About Reitar Logtech Holdings Limited

 

Reitar Logtech Holdings Limited provides comprehensive logistics solutions by connecting capital partners, logistics operators, and our innovative integration and application of logistics technologies through our end-to-end logistics solution business model. Its business primarily consists of two segments: (i) asset management and professional consultancy services, and (ii) construction management and engineering design services.

 

For more information, please contacts:

 

Reitar Logtech Holdings Limited

 

Phone: +852 2554 5666

 

Email: info@reitar.io

 

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