InvestmentApr 28, 2026, 11:11 AM
ASFH Public Offering of 3.75M Shares; NYSE American Listing Planned
AI Summary
ASIAFIN HOLDINGS CORP. filed an amendment to its S-1 registration statement for a public offering of 3,750,000 shares of common stock, with an anticipated price range of $4.00 to $6.00 per share. The company plans to apply for listing on the NYSE American under the symbol "ASFH" and has approved a 1-for-6 reverse stock split. Additionally, the company announced the appointment of Bin Embi Baharom as an independent director and Ghi Geok Khoo (Chanti) as Chief Financial Officer.
Key Highlights
- ASIAFIN HOLDINGS CORP. to offer 3,750,000 shares of common stock in public offering.
- Anticipated public offering price range is between $4.00 and $6.00 per share.
- Company intends to apply for listing on the NYSE American under the symbol "ASFH".
- A 1-for-6 reverse stock split was approved and will be effective in 2026.
- Bin Embi Baharom appointed independent director effective October 1, 2025.
- Ghi Geok Khoo (Chanti) appointed Chief Financial Officer effective August 1, 2025.
- Underwriter Aegis Capital Corp. to receive 7% discount and 1% non-accountable expense allowance.
- Underwriter granted option to purchase up to 562,500 additional shares for over-allotments.