05:36 PM EDT, 09/10/2025 (MT Newswires) -- Zenta Group Company ( ZGM ) said late Wednesday it closed an initial public offering of 1.5 million common shares at $4 apiece for gross proceeds of $6 million.

The company granted underwriters a 45-day overallotment option to buy up to an additional 225,000 common shares at the offering price, according to a statement.

Net proceeds will be used to expand the business in Macau, Hong Kong, and Southeast Asia, for brand development and general corporate purposes, the company said.

Zenta ( ZGM ) added that the common shares started trading on Nasdaq under the ticker "ZGM."