Company: AGCC
Filing Date: 2025-10-22
Form Type: 424B4
Source: 0001213900-25-101076
Chunk: 68

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-10-22
Form: 424B4
Chunk 68
---
 our net tangible book value per Class A Ordinary Share after this offering. Dilution results from the fact that the initial public offering price per Class A Ordinary Share is substantially in excess of the book value per Class A Ordinary Share attributable to the existing shareholders for our presently issued and outstanding ordinary Class A Ordinary Shares. As of December31, 2024, our net tangible book value was approximately US$1.75million, or US$0.14 per Class A Ordinary Share. Our Class B Ordinary Shares do not carry any rights to dividend distributions or to distributions upon winding up. Net tangible book value represents the total amount of our consolidated tangible assets, less our total consolidated liabilities. Dilution represents the difference between the initial public offering price of US$4.00 per Class A Ordinary Share and the net tangible book value per Class A Ordinary Share on a pro forma as adjusted basis. The pro forma as adjusted net tangible book value reflects the additional proceeds we expect to receive from this offering, after deducting underwriting discounts, non -accountableexpense allowance, and the estimated offering expenses (including accountable expenses) payable by us. After giving effect to the sale of 1,750,000 Class A Ordinary Shares in this offering, and excluding any Class A Ordinary Shares that may be issued upon the exercise of the over -allotmentoption, and the initial public offering price of US$4.00 per Class A Ordinary Share, and after deducting underwriting discounts, non -accountableexpense allowance, and the estimated offering expenses (including accountable expenses) payable by us, our pro form as adjusted net tangible book value as of December31, 2024 would have been approximately US$8.20million, or US$0.42 per Class A Ordinary Share. This would represent an immediate increase in net tangible book value of US$0.26 per Class A Ordinary Share to our existing shareholders, and an immediate dilution of US$3.58 per Class A Ordinary Share to investors purchasing Class A Ordinary Shares in this offering. The following table illustrates such dilution:

|                                                                                                                           |     | Per Class A 
    Ordinary 
       Share |
|                                                                                                                           |     |        -US$ |
| Initial public offering price per Class A Ordinary Share                                                                  |     |        4.00 |
| Net tangible book value per Class A Ordinary Share as of December 31, 2024                                                |     |        0.14 |
| Pro forma net tangible book value per Class A Ordinary Share before this offering                                         |