Top Wealth Group Holding Limited Announces Pricing 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 pricing of its public offering of 27,000,000 ordinary shares at $0.4 per share. The offering is expected to generate gross proceeds of approximately $10.8 million before deducting placement agent fees and other expenses. The offering is set to close on October 14, 2024, subject to customary closing conditions.
AC Sunshine Securities is acting as the sole placement agent for this offering. The securities are being offered pursuant to a registration statement on Form F-1 (File No. 333-282302), which was declared effective by the SEC on September 30, 2024. A preliminary prospectus has been filed, and copies of the final prospectus will be available from AC Sunshine Securities upon completion.
Top Wealth Group Holding (NASDAQ: TWG), un fornitore di prodotti di caviale di lusso con sede a Hong Kong, ha annunciato il prezzo della sua offerta pubblica di 27.000.000 azioni ordinarie a $0,4 per azione. Si prevede che l'offerta genererà proventi lordi di circa 10,8 milioni di dollari prima di dedurre le commissioni per l'agente di collocamento e altre spese. L'offerta si chiuderà il 14 ottobre 2024, soggetta alle consuete condizioni di chiusura.
AC Sunshine Securities funge da unico agente di collocamento per questa offerta. I titoli sono offerti in virtù di una dichiarazione di registrazione sul Modulo F-1 (File No. 333-282302), che è stata dichiarata efficace dalla SEC il 30 settembre 2024. È stato presentato un prospetto preliminare, e le copie del prospetto finale saranno disponibili presso AC Sunshine Securities al termine della procedura.
Top Wealth Group Holding (NASDAQ: TWG), un proveedor de productos de caviar de lujo con sede en Hong Kong, ha anunciado el precio de su oferta pública de 27.000.000 acciones ordinarias a $0,4 por acción. Se espera que la oferta genere ingresos brutos de aproximadamente 10,8 millones de dólares antes de deducir las comisiones del agente de colocación y otros gastos. La oferta está programada para cerrarse el 14 de octubre de 2024, sujeta a las condiciones de cierre habituales.
AC Sunshine Securities actúa como el único agente de colocación para esta oferta. Los valores se ofrecen conforme a una declaración de registro en el Formulario F-1 (File No. 333-282302), que fue declarada efectiva por la SEC el 30 de septiembre de 2024. Se ha presentado un prospecto preliminar, y las copias del prospecto final estarán disponibles en AC Sunshine Securities al finalizar el proceso.
Top Wealth Group Holding (NASDAQ: TWG), 홍콩에 본사를 둔 고급 캐비어 제품 공급업체가 27,000,000주의 보통주를 주당 $0.4에 공개 모집한다고 발표했습니다. 이번 공모는 약 1,080만 달러의 총 수익을 올릴 것으로 예상되며, 에이전트 수수료와 기타 비용을 공제하기 전입니다. 공모는 2024년 10월 14일에 마감될 예정이며, 일반적인 마감 조건에 따릅니다.
AC Sunshine Securities는 이번 공모의 단독 배치 에이전트 역할을 하고 있습니다. 증권은 SEC에 의해 2024년 9월 30일에 효과가 발생한 등록 진술서(Form F-1, File No. 333-282302)에 따라 제공됩니다. 예비 설명서는 제출되었으며, 최종 설명서의 사본은 완료 후 AC Sunshine Securities에서 받을 수 있습니다.
Top Wealth Group Holding (NASDAQ: TWG), un fournisseur de produits de caviar de luxe basé à Hong Kong, a annoncé le prix de son offre publique de 27 000 000 d'actions ordinaires à 0,4 $ par action. L'offre devrait générer des produits bruts d'environ 10,8 millions de dollars avant déduction des frais de placement et autres dépenses. L'offre doit se clôturer le 14 octobre 2024, sous réserve des conditions de clôture habituelles.
AC Sunshine Securities agit en tant qu'agent de placement exclusif pour cette offre. Les titres sont offerts en vertu d'un état d'enregistrement sur le Formulaire F-1 (Numéro de dossier 333-282302), qui a été déclaré effectif par la SEC le 30 septembre 2024. Un prospectus préliminaire a été déposé, et des copies du prospectus final seront disponibles auprès d'AC Sunshine Securities à la clôture de l'opération.
Top Wealth Group Holding (NASDAQ: TWG), ein in Hongkong ansässiger Anbieter von Luxus-Kaviarprodukten, hat den Preis für sein öffentliches Angebot von 27.000.000 Stammaktien zu 0,4 $ pro Aktie bekannt gegeben. Es wird erwartet, dass das Angebot brutto Einnahmen von etwa 10,8 Millionen $ generiert, bevor die Gebühren des Platzierungsagenten und andere Kosten abgezogen werden. Das Angebot soll am 14. Oktober 2024 schließen, vorbehaltlich der üblichen Abschlussbedingungen.
AC Sunshine Securities fungiert als alleiniger Platzierungsagent für dieses Angebot. Die Wertpapiere werden gemäß einer Registrierungserklärung auf Formular F-1 (Datei-Nr. 333-282302) angeboten, die von der SEC am 30. September 2024 für wirksam erklärt wurde. Ein vorläufiger Prospekt wurde eingereicht, und Exemplare des endgültigen Prospekts sind nach Abschluss bei AC Sunshine Securities erhältlich.
- Potential to raise $10.8 million in gross proceeds
- Successful pricing of public offering at $0.4 per ordinary share
- Registration statement declared effective by SEC
- Potential dilution of existing shareholders' ownership
- Offering price of $0.4 per share may be considered low
- Additional expenses related to placement agent fees and offering costs will reduce net proceeds
Insights
The pricing of Top Wealth Group's public offering at
However, the low share price of
The use of a sole placement agent, AC Sunshine Securities, rather than a major underwriter, might indicate institutional interest. Investors should closely monitor the closing of this offering and any subsequent disclosures about the use of proceeds, as these will be critical in assessing the company's future prospects and financial health.
Top Wealth Group's focus on luxury caviar products positions it in a niche but potentially lucrative market. However, the need for this substantial capital raise suggests possible challenges in their current business model or cash flow.
The timing of this offering, amidst global economic uncertainties, could be seen as both a risk and an opportunity. On one hand, luxury goods markets can be resilient even in downturns. On the other, consumer spending on high-end products like caviar might face pressure in the near term.
Investors should research the competitive landscape in the luxury food sector and Top Wealth's market position within it. The success of this offering and the company's ability to effectively utilize the raised capital will be important in determining its future market performance and potential for expansion in the luxury goods space.
Hong Kong, Oct. 11, 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 pricing 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, are expected to be approximately
AC Sunshine Securities LLC is acting as sole placement agent in connection with this offering.
The securities described above are being 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 is being made only by means of a prospectus which is a part of the Registration Statement. A preliminary prospectus relating to the offering has been filed with the SEC. Copies of the final prospectus relating to this offering, when available, will be filed with the SEC and 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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