Company: AGCC
Filing Date: 2025-08-19
Form Type: F-1/A
Source: 0001213900-25-078155
Chunk: 82

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-08-19
Form: F-1/A
Chunk 82
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 as a single class, unless otherwise required by law or our then effective memorandum and articles of association. We are offering 1,750,000 Class A Ordinary Shares, representing 5.13% of our Ordinary Shares or 8.92% of our Class A Ordinary Shares, assuming the underwriters do not exercise the over -allotmentoption. We will be a “controlled company” as defined under the Nasdaq Stock Market Rules because, immediately after the completion of this offering, our Controlling Shareholders, through Ping Shiang Business Ltd will beneficially own 14,500,000 Cla ss AOrdinary Shares, approximately 73.93% of our outstanding Class A Ordinary Shares (or 72.95% of our outstanding Class A Ordinary Shares assuming the underwriters exercise their over -allotmentoption in full) and 14,500,000 Class B Ordinary Shares, representing 96.89% (or 96.74%, assuming the underwriters exercise their over -allotmentoption in full) of the aggregate total voting power of our then total issued and outstanding share capital, and will have the ability to determine all matters requiring approval by shareholders. 51 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our combined financial statements and related notes included elsewhere in this prospectus. This discussion and analysis and other parts of this prospectus contain forward -looking statements based upon current beliefs, plans and expectations that involve risks, uncertainties and assumptions. Our actual results and the timing of selected events could differ materially from those anticipated in these forward -looking statements as a result of several factors, including those set forth under “Risk Factors” and elsewhere in this prospectus. You should carefully read the “Risk Factors” section of this prospectus to gain an understanding of the important factors that could cause actual results to differ materially from our forward -looking statements. Overview We, through our Operating Subsidiary, are primarily engaged in trading of whisky products, including procurement, distribution, and sale in both Taiwan and international markets. Through the Operating Subsidiary, we import and sell a broad range of premium whisky products, which comes from countries/regions such as Scotland. Beginning in 2025, we ventured into brand -authorizedbottling, packaging, and sales, marking a significant diversification of our business model. Under this new approach, we obtain brand licenses from