IPOs & Offerings

Republic Power Files Registration Statement for Class A Share Offering

The preliminary prospectus describes a best-efforts offering of Class A ordinary shares at a fixed price, with no minimum amount required to close.

By Carter Hayes · July 24, 2026

Preliminary prospectus describes proposed share sale

Republic Power Group Limited’s Form F-1 registration statement was filed with the U.S. Securities and Exchange Commission on July 23, 2026. The prospectus is preliminary, and the company says it cannot sell the securities until the registration statement is effective.

The filing describes a best-efforts offering of 15,000,000 Class A ordinary shares at a fixed $1.00 per-share offering price. The prospectus states that the offering could generate gross proceeds of up to $15,000,000.

There is no minimum purchase requirement or minimum offering amount required as a condition to closing. The company says it may sell fewer than all of the offered shares, which could reduce the proceeds it receives.

Company identifies dual-class voting structure

Republic Power is a British Virgin Islands holding company that conducts its operations through Republic Power Pte. Ltd., its wholly owned Singapore subsidiary. The company provides customized enterprise resource planning software, consulting and technical-support services, and peripheral hardware to corporate clients and government agencies in Singapore and Malaysia.

The company has Class A and Class B ordinary shares with different voting rights. Each Class A ordinary share has one vote, while each Class B ordinary share has 30 votes.

As of the prospectus date, True Sage International Limited, which is wholly owned by Chairman Hao Feng Ng, beneficially owned 29,969 Class B ordinary shares. The filing reports that these shares represented 45.78% of total voting power. Republic Power also identifies itself as an emerging growth company and a foreign private issuer.

Filing details technology transactions and product development

On April 8, 2026, Republic Power entered into agreements with NVTH Limited and related parties involving a 10% interest in NVC Partners Limited and rights and access to specified proprietary software systems. The company says the software systems include a real-world-asset tokenization platform and related secondary-trading infrastructure.

Republic Power states that it paid $5,200,000 in cash under the purchase agreement and $2,800,000 in cash under the technology services agreement. The filing says the transfer of the 10% equity interest was completed on April 22, 2026.

The company intends to integrate the acquired technologies with its enterprise software and systems-integration capabilities. As of the prospectus date, it said these initiatives remained in development and business expansion and had not generated revenue. It also said its SaaS ERP products were in a pilot phase and that it expected a commercial launch during the fiscal year ending June 30, 2027, subject to testing and product readiness.