Univest Securities, LLC Announces Closing of $2.0 Million Registered Direct Offering for its Client Neo-Concept International Group Holdings Ltd (NASDAQ: NCI)

New York, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $2.0 million for its client Neo-Concept International Group Holdings Ltd ("NCI" or the "Company"), a one-stop apparel solution services provider.

Under the terms of the securities purchase agreement, the Company has agreed to sell to a certain institutional investor an aggregate of approximately $2.0 million of the Company's securities, including 2,000,000 Class A ordinary shares (the "Class A ordinary shares") (or pre-funded warrants in lieu of Class A ordinary shares), at an offering price of $1.00 per share (or $0.99 per pre-funded warrant, which is equal to the per share offering price minus the $0.01 per share exercise price of each pre-funded warrant), in the Offering. In addition, the purchaser may elect to purchase up to 200% additional Class A ordinary shares and/or pre-funded warrants at the same purchase price within sixty (60) days of the date hereof, subject to certain conditions.