{"url_path":"/sec/cupr/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1995704/0001493152-26-019085-index.html","accession_number":"0001493152-26-019085","cik":"0001995704","ticker":"CUPR","issuer_name":"Cuprina Holdings (Cayman) LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1995704/0001493152-26-019085-index.html","primary_entity_key":"0001995704","primary_entity_name":"Cuprina Holdings (Cayman) LTD"},"word_count":423,"has_tables":true,"body_markdown":"**ITEM\n14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS**\n\n \n\n**14.A.\n— 14.D. Material Modifications to the Rights of Security Holders**\n\n \n\nSee\n“Item 10. Additional Information” for a description of the rights of shareholders, which remain unchanged.\n\n \n\n**14.E.\nUse of Proceeds**\n\n \n\nThe\nfollowing “Use of Proceeds” information relates to the registration statement on Form F-1, as amended (File Number 333-283643)\nfor our initial public offering, which was declared effective by the SEC on March 31 2025. On April 11, 2025, we completed our initial\npublic offering in which we issued and sold an aggregate of 3,000,000 Class A Ordinary Shares, at a price of US$4.00 per share for a\ntotal net proceeds, after deducting discounts, expenses allowance and expenses, of approximately US$9.18 million. On May 8, 2025, we\nclosed the Over-Allotment Option of our IPO of 450,000 Class A Ordinary Shares at a price of US$4.00 per share, pursuant to the full\nexercise of the Over-Allotment Option, resulting in additional gross proceeds of approximately US$1.8 million. As a result, we raised\naggregate net proceeds of US$10.85 million in the IPO, including the exercise of the Over-Allotment Option, after deducting discounts,\nexpenses allowance and expenses. R. F. Lafferty was the representative of the underwriters of our initial public offering.\n\n \n\nWe\nincurred approximately US$2.95 million in expenses in connection with our initial public offering, which included approximately US$1.04\nmillion in underwriting discounts, approximately US$0.13 million in expenses paid to or for underwriters, and approximately US$1.78 million\nin other professional expenses. None of the transaction expenses included payments to directors or officers of our Company or their associates,\npersons owning more than 10% or more of our equity securities, or our affiliates. None of the net proceeds we received from the initial\npublic offering were paid, directly or indirectly, to any of our directors or officers or their associates, persons owning 10% or more\nof our equity securities, or our affiliates.\n\n \n\nWe\nreceived net proceeds of approximately US$10.85 million after the deduction of approximately US$2.95 million of offering costs. As of\nthe date of this annual report, we have partially utilized the net proceeds for (i) growth and expansion into new markets\nincluding South East Asia (excluding Singapore), Hong Kong, mainland China and the Middle East; (ii) research and development activities\nto expand our product offerings; (iii) building brand awareness; (iv) investing in equipment and infrastructure; (v) loan repayment to\nseveral related parties, who provided advances to us for working capital purposes; and (vi) other working capital and general corporate\npurposes.\n\n \n\n114"}