Top Wealth Group Holding Limited Announces Closing of $10.8 Million Public Offering of Ordinary Shares
14 Outubro 2024 - 5:50PM
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 $0.4 per
ordinary share.
Gross proceeds, before deducting placement agent
fees and other offering expenses, were approximately $10.8
million.
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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