Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 128

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 14
Chunk 128
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ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
A. – D. Material Modifications to the Rights of Security Holders

See “Item 10. Additional Information” for a description of the rights of securities holders, which remain unchanged.

E. Use of Proceeds

On July 16, 2025, the Company closed its IPO of 1,600,000 Ordinary Shares, pursuant to its registration statement on Form F-1 (File No. 333-287391) relating to the Offering, which was declared effective by the SECon July 16, 2025, and the Company’s registration statement on Form F-1MEF (File No. 333-287391) (the “MEF”) filed with the SEC on June 5, 2025, which became effective upon filing. The Company filed a post-effective amendment No. 1 to the F-1 on July 2, 2025; the post-effective amendment No.2 was declared effective by the SEC on June 30, 2025. The Class A Shares were priced at $4.00 per share for total gross proceeds of approximately $6.4 million before deducting underwriting discounts and offering expenses. The Ordinary Shares commenced trading under the symbol “KMRK” on the Nasdaq Capital Market on July 16, 2025.

The amount of expenses incurred for our account in connection with the IPO for underwriting discounts and commissions, finders’ fees, expenses paid to or for underwriters, other expenses and total expenses was approximately $1.46 million, The total net proceeds after deducting such expenses was approximately $4.49 million. American Trust Investment Services, Inc. was the representative of the underwriters of our initial public offering.

We intend to use the net proceeds of the IPO as follows:

●    approximately 60% for potential investments and/or acquisition 
    of a factory in Vietnam and/or other South East Asian countries;
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●   approximately 15% for expansion and recruitment of product
                     designers and engineers;                 
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●       approximately 10% to obtain licensed rights from internationally   
    renowned intellectual properties licensors for co-branded products; and
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●   remaining 15% for general administration and working capital.
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