The offering, managed by underwriter Kingswood Capital Partners, includes a 45-day option for the firm to purchase an additional 15% of the units to cover overallotments. Based on the projected $4 to $6 price range, the company anticipates net proceeds of approximately $24.5 million, potentially climbing to $28.4 million should the underwriters fully exercise their option.

Timwood Holdings primarily provides human-resources and logistics services to airport terminal and aviation providers in Hong Kong. The firm intends to deploy the capital toward technological upgrades, specifically targeting real-time scheduling and workforce allocation systems. Beyond infrastructure improvements, the company plans to allocate the remaining funds to aggressive recruitment, brand development, and general working capital requirements.