Welcome to our dedicated page for Plutus Financial Group news (Ticker: PLUT), a resource for investors and traders seeking the latest updates and insights on Plutus Financial Group stock.
Plutus Financial Group Ltd (PLUT) provides integrated financial services including securities brokerage, margin financing, and underwriting solutions. This news hub offers investors and analysts centralized access to official corporate announcements and market-relevant updates.
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Key content categories include quarterly financial results, compliance updates, service expansions, and industry commentary. All materials are sourced directly from company communications to maintain accuracy and compliance with financial disclosure standards.
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Plutus Financial Group (NASDAQ: PLUT) announced that R.F. Lafferty & Co has exercised a portion of the over-allotment option from the company's IPO, purchasing an additional 150,000 ordinary shares at $4.00 per share. This resulted in additional proceeds of $600,000, bringing the total gross proceeds to $9 million through the issuance of 2,250,000 ordinary shares.
The Hong Kong-based financial services company's IPO was led by R.F. Lafferty & Co as lead underwriter, with Revere Securities as co-underwriter. The Crone Law Group served as company counsel, while Sichenzia Ross Ference Carmel represented the underwriters. The offering was made through a Form F-1 registration statement (File No. 333-276791) declared effective by the SEC on February 4, 2025.
Plutus Financial Group (NASDAQ: PLUT) has successfully completed its Initial Public Offering, raising $8.4 million in gross proceeds through the sale of 2,100,000 ordinary shares at $4 per share. The company began trading on the Nasdaq Capital Market under the ticker symbol 'PLUT' on February 5, 2025.
The Hong Kong-based financial services company granted the underwriter a 45-day option to purchase up to an additional 315,000 ordinary shares at the public offering price. R.F. Lafferty & Co. served as lead underwriter, with Revere Securities as co-underwriter. The offering was conducted on a firm commitment basis, with The Crone Law Group and Sichenzia Ross Ference Carmel serving as legal counsel.
Plutus Financial Group (NasdaqCM: PLUT) has announced the pricing of its initial public offering of 2,100,000 ordinary shares at $4 per share, raising gross proceeds of $8.4 million. Trading is set to begin on Nasdaq Capital Market under 'PLUT' on February 5, 2025.
The underwriter has a 45-day option to purchase up to 315,000 additional shares. The offering is expected to close on February 6, 2025. Proceeds will fund: development of software and applications for operations, increased funding for trading facilities solutions, and expansion of customer management and wealth management teams.
R.F. Lafferty & Co. is leading the underwriting, with Revere Securities as co-underwriter. The offering is being conducted on a firm commitment basis.
