Simwon America Corp. filed Amendment No. 2 to its Form S-1 registration statement with the U.S. Securities and Exchange Commission on November 6, 2026, covering an initial public offering of 2,500,000 shares of common stock at an assumed price of US$20.00 per share.

Key Highlights

  • Total shares offered: 2,500,000 shares of common stock, no par value per share, on a firm commitment basis.
  • Split between company and selling stockholders: 1,500,000 shares offered by the company and 1,000,000 shares offered by the Selling Stockholders.
  • Expected price range: US$18.00 to US$22.00 per share, with an assumed midpoint of US$20.00.
  • Proceeds to the company before expenses: US$27,900,000, based on the assumed US$20.00 per share price.
  • Over-allotment option: The underwriter may purchase up to 375,000 additional shares within 45 days after the prospectus date, equal to 15% of shares being offered.
  • Intended listing: The company has reserved the ticker symbol "SWA" and intends to list on The Nasdaq Global Market, though Nasdaq has not yet approved the application.
  • Company classification: Simwon America Corp. is classified as an emerging growth company under the JOBS Act and has elected not to use the extended transition period for new or revised financial accounting standards.

Simwon America Corp. Seeks Nasdaq Listing Through Firm Commitment IPO

Simwon America Corp., incorporated in California and headquartered at 400 D'Arcy Park Way, Lathrop, CA 95330, filed Amendment No. 2 to its S-1 registration statement on November 6, 2026, under Registration No. 333-299383. According to the filing, the company operates under Primary Standard Industrial Classification Code 3711. The offering is being conducted on a firm commitment basis through sole underwriter WallachBeth Capital LLC, meaning, as stated in the prospectus, the underwriter "is obligated to take and pay for all of the Common Stock Shares offered by the Company if any such Shares are not taken."

At the assumed US$20.00 midpoint offering price, the filing discloses underwriting discounts and commissions of US$1.40 per share, or US$3,500,000 in total. Proceeds to the company before expenses are stated as US$18.60 per share, totaling US$27,900,000. Proceeds to the Selling Stockholders are also stated as US$18.60 per share, for a total of US$18,600,000. The company has also agreed to pay a 1.5% non-accountable expense allowance on the actual offering amount, along with certain out-of-pocket expenses, upon closing. Additionally, the filing states the company will issue a warrant to the underwriter to purchase shares equal to 5% of shares sold in the offering.

If the over-allotment option is exercised in full, the filing states that total underwriting discounts and commissions would rise to US$4,025,000, and total proceeds to the company before expenses would reach US$34,875,000, again at the assumed US$20.00 per share price. The filing cautions that "there is no guarantee or assurance that our Common Stock will be approved for listing on The Nasdaq Global Market," and notes the registration statement has not yet been declared effective by the SEC.

What Was Disclosed

Simwon America Corp. filed a second amendment to its S-1 registration statement covering a 2,500,000-share IPO at an assumed price of US$20.00 per share, with intended listing on The Nasdaq Global Market under the reserved symbol "SWA," subject to Nasdaq approval.