Singapore, Sept. 05, 2025 — Fitness Champs Holdings Limited (Nasdaq: FCHL) (the “Company”), a recognized provider of aquatic sports education in Singapore, today confirmed the successful conclusion of its initial public offering (the “Offering”). The Offering comprised 3,750,000 ordinary shares, with 2,000,000 shares offered by the Company and 1,750,000 by selling shareholders, at a public price of US$4.00 per ordinary share. The Company’s ordinary shares began trading on the Nasdaq Capital Market on September 4, 2025, under the ticker symbol “FCHL.”
The Company accumulated total gross proceeds of US$8.0 million from the Offering, prior to accounting for underwriting discounts and other related expenses.
The net proceeds generated from the Offering are designated for several purposes: (i) to enhance the Company’s coaching staff through increased hiring and training; (ii) for marketing and brand promotion activities; (iii) for business expansion initiatives, such as vertical growth into other aquatic sports; (iv) for potential strategic acquisitions; (v) for the repayment of loans provided by its controlling shareholder to cover the costs associated with the Offering; and (vi) for general working capital and corporate operational needs.
The Offering was executed on a firm commitment basis. Bancroft Capital, LLC (“Bancroft Capital”) acted as the lead managing underwriter and served as the book-runner for the Offering. Troy Gould PC served as the U.S. legal counsel to the Company, while Sichenzia Ross Ference Carmel LLP acted as the U.S. legal counsel to Bancroft Capital in connection with this Offering.
A registration statement on Form F-1 pertaining to the Offering was lodged with the Securities and Exchange Commission (the “SEC”) (File Number: 333-287405) and, following amendments, was declared effective by the SEC on September 3, 2025. The Offering was exclusively made through a prospectus that is part of the registration statement. Copies of the prospectus related to the Offering can be obtained from Bancroft Capital at 501 W Office Center Dr # 130, Fort Washington, PA 19034, via email at , or by telephone at (484) 546-8000. Additionally, copies of the prospectus for the Offering are accessible on the SEC’s website at .
This press release should not be considered an offer to sell, or a solicitation of an offer to purchase any of the Company’s securities. Such securities shall not be offered or sold in the United States without proper registration or an applicable exemption from registration, nor shall there be any offer, solicitation, or sale of any of the Company’s securities in any state or jurisdiction where such an action would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.
About Fitness Champs Holdings Limited
Fitness Champs Holdings Limited is a prominent aquatic sports education provider. It delivers general swimming lessons for children and adults, including specialized ladies-only classes, as well as aquatic sports programs such as water polo, competitive swimming, and lifesaving. The Company stands as one of the largest providers of swimming lessons to children enrolled in public schools under Singapore’s Ministry of Education through its SwimSafer program. Since 2012, it has also offered private swimming lessons to children, youths, and adults under its “Fitness Champs” brand. The Company’s mission is to make swimming an accessible and enjoyable sport for individuals of all ages, promoting water safety and overall health and fitness. Fitness Champs also intends to evolve into a diverse sports education provider by expanding its offerings to include other sports, such as pickleball. For further information, please visit the Company’s website at .
Forward-Looking Statements
Certain declarations contained in this announcement are forward-looking statements. These forward-looking statements involve inherent known and unknown risks and uncertainties and are predicated on the Company’s current expectations and forecasts regarding future events that the Company believes could influence its financial condition, operational outcomes, business strategy, and funding requirements. Investors can identify many (but not all) of these statements by the inclusion of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or similar phrases within this prospectus. The Company assumes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or changes in its expectations, except where legally mandated. Although the Company considers the expectations expressed in these forward-looking statements to be reasonable, it cannot assure that such expectations will materialize as predicted. The Company advises investors that actual results may diverge significantly from anticipated results and encourages investors to review additional factors that might affect its future outcomes in the Company’s registration statement and other filings submitted to the SEC.
For more information, please contact:
Fitness Champs Holdings Limited
Email:
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:
