Solowin Holdings, Ltd., a company specializing in security brokerage services, has entered into a definitive agreement with certain individual investors for a registered direct offering. Today, the company disclosed the sale of approximately 10.6 million Class A Ordinary Shares at a par value of $0.0001 per share, aiming to raise gross proceeds of around $3.5 million.
The transaction, detailed in a recent SEC filing, is scheduled to close on May 27, 2025, subject to customary closing conditions. The funds raised from this offering are intended to support Solowin Holdings’ working capital and general corporate needs.
The shares are being sold pursuant to the company’s existing shelf registration statement, which was declared effective on November 8, 2024. A prospectus supplement related to the offering has been filed with the Securities and Exchange Commission (SEC).
The specific terms of the securities purchase agreements can be found in Exhibit 10.1 attached to the SEC filing. This report, as per the filing, will be incorporated by reference into the company’s shelf registration statement.
This recent move by Solowin Holdings comes as part of its efforts to strengthen its financial position and support its ongoing operations. The company has confirmed that the offering is in accordance with the rules of the SEC, and it does not constitute an offer to sell or a solicitation of an offer to buy in any jurisdiction where such an offer or sale would be unlawful.
The information regarding this securities offering is based on the statements provided in the SEC filing by Solowin Holdings.
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