Nelson Mullins Riley & Scarborough LLP served as U.S. counsel to the underwriters in connection with the initial public offering (IPO) of Delixy Holdings Limited (Nasdaq: DLXY), a Singapore-based company engaged in the trading of oil-related products. The offering closed on July 10, 2025, and raised $8 million in gross proceeds.

The Nelson Mullins deal team was led by partner W. David Mannheim, with associates Ashley Wu and Kathryn Simons.

The offering consisted of 2,000,000 ordinary shares at a public offering price of $4.00 per share, with 1,350,000 shares offered by the company and 650,000 shares offered by selling shareholders. The company’s ordinary shares began trading on the Nasdaq Capital Market on July 9, 2025, under the ticker symbol “DLXY.”

Proceeds from the offering will be used to expand product offerings, strengthen market position, pursue strategic acquisitions and partnerships, and for general corporate purposes. The company also filed a resale prospectus for 3,000,000 ordinary shares held by existing shareholders.

Bancroft Capital, LLC acted as the sole book-running manager for the offering.

A copy of the final prospectus related to the offering is available on the U.S. Securities and Exchange Commission’s website at https://www.sec.gov.

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