NORTH WALES, Pa., Jan. 21, 2025 (GLOBE NEWSWIRE) — Toppoint Holdings Inc. announced… (Toppoint or the Company) today announced the pricing of its initial public offering of an aggregate of 2,500,000 shares of its common stock (the “Stocks”), all of which are being offered by Toppoint at a public offering price of $4.00 per share (the “Offering), for aggregate gross proceeds of $10 million, Before deducting underwriting discounts and other offering expenses.

In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 375,000 shares of common stock at the initial public offering price, representing 15% of the shares sold in the offering, less underwriting discounts and commissions, to cover over-allotments. The offering is expected to close on or about January 23, 2025, subject to customary closing conditions being met.

The Company’s common shares are expected to begin trading on the New York Stock Exchange on January 22, 2025 under the symbol TOPP.

The offering is being conducted on a firm commitment basis. AGP/Alliance Global Partners (NYSE:) (AGP) is the sole book-running manager for the offering. Bevilacqua PLLC is acting as legal advisor to the Company and Loeb & Loeb LLP is serving as legal advisor to AGP in connection with the offering.

The offering is being made pursuant to the Company’s registration statement on Form S-1 (File No. 333-281474) previously filed with the SEC and subsequently declared effective on January 21, 2025. It is being made only by means of a prospectus. Before you invest, you should read the prospectus and other documents that the company has filed or will file with the Securities and Exchange Commission for more information about the company and the offering. You can obtain these documents for free by visiting the SEC’s EDGAR website at www.sec.gov. Alternatively, electronic copies of the prospectus relating to the offering may be obtained from AGP/Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, by telephone at +1 (212) 624-2060, or by email. At prospectus@allianceg.com.

This press release has been prepared for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation is made or the sale would be unlawful prior to registration or qualification under the securities laws. Finance in any country or other jurisdiction.

About Toppoint Holdings Company

Toppoint Holdings Inc. was founded. Founded in 2014 and headquartered in North Wales, Pennsylvania, it specializes in transporting waste paper, scrap metal and wood logs for large waste companies, recycling centers and commodity dealers. The company’s operations extend to major ports, including Newark, New Jersey, and Philadelphia, Pennsylvania. With a commitment to growth and innovation, Toppoint has recently expanded into the recycling export transportation markets of Tampa, Jacksonville and Miami, Florida; Baltimore, Maryland; and Ensenada, Mexico, as of 2024. The company also provides trucking solutions and logistics brokerage for plastics and other commodities, serving major commercial centers throughout the United States. For additional information, please go to https://toppointtrucking.com/

Forward-looking statements

Certain statements in this press release are forward-looking statements as defined under the federal securities laws, including, without limitation, the Company’s expectations regarding the completion, timing and size of the proposed offering and statements regarding the use of proceeds from the sale. of the company’s shares in the offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the offering will be successfully completed. Investors can find many of these Statements (but not all) made by the use of words such as believe, plan, expect, intend, should, seek, estimate, will, aim, expect or other similar expressions in this statement Journalist. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will prove to be correct. The Company cautions investors that actual results may differ materially from anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the Securities and Exchange Commission.

For more information, please contact:

Guarantor inquiries:

AGP/Alliance of Global Partners
590 Madison Avenue, 28th floor
New York, NY 10022
Email: prospectus@allianceg.com

Investor Relations Inquiries:

Crescendo Communications LLC
212-671-1020
TOPP@crescendo-ir.com

Source: Toppoint Holdings Inc.