Cuprina Holdings (Cayman) Limited (Nasdaq: CUPR) closed its public offering on September 17, 2026. The company issued 4,322,489 Class A Ordinary Shares at a price of $1.15 per share. Gross proceeds totaled approximately $4.97 million before deducting underwriting discounts and other expenses.
The company granted underwriters a 45-day option to purchase up to 648,373 additional shares. Full exercise of this option would increase total gross proceeds to approximately $5.72 million.
Cuprina will use the net proceeds for research and development and expansion into new markets. The capital will also support brand building and general working capital requirements.