Hong Kong, Oct. 14, 2024 (GLOBE NEWSWIRE) — Prime Wealth Group Holding Restricted (NASDAQ: TWG) (Prime Wealth or the Firm), a Hong Kong-based provider of luxurious caviar merchandise, immediately introduced the closing of its public providing of 27,000,000 abnormal shares at a public providing value of $0.4 per abnormal share.
Gross proceeds, earlier than deducting placement agent charges and different providing bills, had been roughly $10.8 million.
AC Sunshine Securities LLC acted as the only real placement agent in reference to this providing.
The securities described above had been supplied pursuant to a registration assertion on Kind F-1, as amended (File No. 333-282302) (the Registration Assertion), which was declared efficient by the Securities and Change Fee (the SEC) on September 30, 2024. The providing was being made solely by the use of a prospectus which is part of the Registration Assertion. A closing prospectus regarding the providing is predicted to be filed with the SEC on October 15, 2024. Copies could also be obtained from AC Sunshine Securities LLC, 200 E. Robinson Road, Suite 295, Orlando, FL 32801, at +1 (917) 593-8838.
This press launch shall not represent a suggestion to promote or a solicitation of a suggestion to purchase any of the securities described herein, nor shall there be any sale of those securities in any state or different jurisdiction through which such provide, solicitation or sale can be illegal previous to the registration or qualification beneath the securities legal guidelines of any such state or different jurisdiction.
About Prime Wealth Group Holding Restricted
Prime Wealth Group Holding Restricted is a holding firm integrated within the Cayman Islands, and all of its operations are carried out by its working subsidiary in Hong Kong, Prime Wealth Group (Worldwide) Restricted. The Firm makes a speciality of supplying premium-class sturgeon caviar, and its caviar and caviar merchandise are endorsed with the Conference on Worldwide Commerce in Endangered Species of Wild Fauna and Flora (CITES) permits. The Firm provides caviar to its prospects beneath its buyer’s model labels (i.e. non-public labeling), and the Firm additionally sells the caviar product beneath the Firm’s caviar model, Imperial Cristal Caviar, which has repeatedly achieved large gross sales development since its launch available in the market.
Protected Harbor Assertion
This press launch incorporates forward-looking statements. As well as, infrequently, we or our representatives could make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future occasions, which we derive from the data at present obtainable to us. You may establish forward-looking statements by these that aren’t historic in nature, notably people who use terminology resembling could, ought to, expects, anticipates, contemplates, estimates, believes, plans, projected, predicts, potential, or hopes or the damaging of those or related phrases. In evaluating these forward-looking statements, you need to think about numerous components, together with: our capacity to fulfill the closing situations associated to the providing, our capacity to alter the course of the Firm; our capacity to maintain tempo with new know-how and altering market wants; and the aggressive setting of our enterprise. These and different components could trigger our precise outcomes to vary materially from any forward-looking assertion.
Ahead-looking statements are solely predictions. The forward-looking occasions mentioned on this press launch and different statements made infrequently by us or our representatives, could not happen, and precise occasions and outcomes could differ materially and are topic to dangers, uncertainties, and assumptions about us. We aren’t obligated to publicly replace or revise any forward-looking assertion, whether or not on account of uncertainties and assumptions, the forward-looking occasions mentioned on this press launch and different statements made infrequently by us or our representatives may not happen.
For extra info, please contact:
Prime Wealth Group Holding Restricted
Investor Relations
E-mail: ir@topwealth.cc