Mar. 27 at 10:23 AM
$TOP Financial Group enters private placement; gross proceeds grow to US
$80 million
26/03/2026 11:30 - RSF
* Top Financial entered a securities purchase agreement with certain non-U.S. investors to issue and sell 214,431,222 units at USD 0.37 per unit.
* Each unit includes one Class A ordinary share and two warrants, with each warrant exercisable at USD 0.45 per share.
* The company expects gross proceeds of about USD 80 million and said the securities were sold in an unregistered offering under Regulation S.
* Purchasers agreed to a 6-month restriction on selling the shares and any shares issued upon warrant exercise.