Top Wealth Group Holding Limited Announces Closing of $10.8 Million Public Offering of Ordinary Shares
Top Wealth Group Holding (NASDAQ: TWG), a Hong Kong-based supplier of luxury caviar products, has announced the closing of its public offering of 27,000,000 ordinary shares. The shares were priced at $0.4 per ordinary share, resulting in gross proceeds of approximately $10.8 million before deducting placement agent fees and other offering expenses.
AC Sunshine Securities acted as the sole placement agent for the offering. The securities were offered pursuant to a registration statement on Form F-1, which was declared effective by the SEC on September 30, 2024. A final prospectus relating to the offering is expected to be filed with the SEC on October 15, 2024.
Top Wealth Group Holding (NASDAQ: TWG), un fornitore di prodotti di caviale di lusso con sede a Hong Kong, ha annunciato la chiusura della sua offerta pubblica di 27.000.000 azioni ordinarie. Le azioni sono state valutate a $0,4 per azione ordinaria, risultando in proventi lordi di circa $10,8 milioni prima della deduzione delle spese per gli agenti di collocamento e di altre spese di offerta.
AC Sunshine Securities ha agito come unico agente di collocamento per l'offerta. I titoli sono stati offerti ai sensi di una dichiarazione di registrazione sul modulo F-1, che è stata dichiarata efficace dalla SEC il 30 settembre 2024. Un prospetto finale relativo all'offerta è previsto essere depositato presso la SEC il 15 ottobre 2024.
Top Wealth Group Holding (NASDAQ: TWG), un proveedor con sede en Hong Kong de productos de caviar de lujo, ha anunciado el cierre de su oferta pública de 27,000,000 de acciones ordinarias. Las acciones se fijaron en $0.4 por acción ordinaria, lo que resulta en ingresos brutos de aproximadamente $10.8 millones antes de deducir las tarifas del agente de colocación y otros gastos de la oferta.
AC Sunshine Securities actuó como el único agente de colocación para la oferta. Los valores se ofrecieron de acuerdo con una declaración de registro en el Formulario F-1, que fue declarada efectiva por la SEC el 30 de septiembre de 2024. Se espera que un prospecto final relacionado con la oferta se presente ante la SEC el 15 de octubre de 2024.
Top Wealth Group Holding (NASDAQ: TWG), 홍콩에 본사를 둔 고급 캐비어 제품 공급업체가 27,000,000주 보통주에 대한 공모를 마감했다고 발표했습니다. 주가는 보통주당 $0.4로 정해져, 총 수익 약 $10.8 백만을 기록했습니다. 이는 배치 대행 수수료 및 기타 공모 비용을 공제하기 전의 금액입니다.
AC Sunshine Securities는 공모를 위한 유일한 배치 대행자로 활동했습니다. 이 증권은 SEC에 의해 2024년 9월 30일에 유효하다고 선언된 F-1 양식의 등록 신고서에 따라 제공되었습니다. 공모와 관련된 최종 안내서는 2024년 10월 15일에 SEC에 제출될 예정입니다.
Top Wealth Group Holding (NASDAQ: TWG), un fournisseur de produits de caviar de luxe basé à Hong Kong, a annoncé la clôture de son offre publique de 27 000 000 d'actions ordinaires. Les actions ont été fixées à 0,4 $ par action ordinaire, ce qui entraîne des produits bruts d'environ 10,8 millions de dollars avant déduction des frais d'agent de placement et d'autres frais liés à l'offre.
AC Sunshine Securities a agi en tant qu'agent de placement unique pour l'offre. Les titres ont été offerts en vertu d'une déclaration d'enregistrement sur le formulaire F-1, qui a été déclarée effective par la SEC le 30 septembre 2024. Un prospectus final concernant l'offre devrait être déposé auprès de la SEC le 15 octobre 2024.
Top Wealth Group Holding (NASDAQ: TWG), ein in Hongkong ansässiger Anbieter von Luxus-Kaviarprodukten, hat den Abschluss seiner Öffentlichen Platzierung von 27.000.000 Stammaktien bekannt gegeben. Die Aktien wurden zu einem Preis von $0,4 pro Stammaktie angeboten, was zu brutto Einnahmen von etwa $10,8 Millionen führt, bevor Vermittlungsgebühren und andere Angebotskosten abgezogen werden.
AC Sunshine Securities fungierte als alleiniger Platzierungsagent für das Angebot. Die Wertpapiere wurden gemäß einer Registrierungsanmeldung auf Formular F-1 angeboten, die am 30. September 2024 von der SEC für wirksam erklärt wurde. Ein endgültiger Prospekt zu dem Angebot wird voraussichtlich am 15. Oktober 2024 bei der SEC eingereicht.
- Successful closing of public offering
- Raised $10.8 million in gross proceeds
- Increased capital for potential business expansion
- Potential dilution of existing shareholders' ownership
- Offering price of $0.4 per share may be considered low
Insights
The closing of Top Wealth Group's
However, investors should note the dilutive effect of this offering. With a pre-offering market cap of about
The involvement of AC Sunshine Securities as the sole placement agent suggests a targeted approach to fundraising, which could indicate a specific strategic plan for the use of these funds. Investors should look out for forthcoming announcements on how TWG intends to deploy this capital to drive growth and enhance shareholder value.
Hong Kong, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (NASDAQ: TWG) (“Top Wealth” or the “Company”), a Hong Kong-based supplier of luxury caviar products, today announced the closing of its public offering of 27,000,000 ordinary shares at a public offering price of
Gross proceeds, before deducting placement agent fees and other offering expenses, were approximately
AC Sunshine Securities LLC acted as the sole placement agent in connection with this offering.
The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File No. 333-282302) (the “Registration Statement”), which was declared effective by the Securities and Exchange Commission (the “SEC”) on September 30, 2024. The offering was being made only by means of a prospectus which is a part of the Registration Statement. A final prospectus relating to the offering is expected to be filed with the SEC on October 15, 2024. Copies may be obtained from AC Sunshine Securities LLC, 200 E. Robinson Street, Suite 295, Orlando, FL 32801, at +1 (917) 593-8838.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Top Wealth Group Holding Limited
Top Wealth Group Holding Limited is a holding company incorporated in the Cayman Islands, and all of its operations are carried out by its operating subsidiary in Hong Kong, Top Wealth Group (International) Limited. The Company specializes in supplying premium-class sturgeon caviar, and its caviar and caviar products are endorsed with the Convention on International Trade in Endangered Species of Wild Fauna and Flora (“CITES”) permits. The Company supplies caviar to its customers under its customer’s brand labels (i.e. private labeling), and the Company also sells the caviar product under the Company’s caviar brand, “Imperial Cristal Caviar”, which has continuously achieved tremendous sales growth since its launch in the market.
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to satisfy the closing conditions related to the offering, our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
For more information, please contact:
Top Wealth Group Holding Limited
Investor Relations
Email: ir@topwealth.cc
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