Top Wealth Group Holding Limited announced the closing of its public offering on October 14, 2024. The company successfully sold 27,000,000 ordinary shares at a public offering price of $0.4 per share. This transaction generated gross proceeds of approximately $10.8 million for the company.
AC Sunshine Securities LLC served as the sole placement agent for the offering. The securities were offered under a registration statement on Form F-1, which the SEC declared effective on September 30, 2024.
The completion of this offering provides Top Wealth Group with additional capital. These funds are designated for general corporate purposes and to bolster the company's working capital, supporting its operations as a luxury caviar supplier.
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