StockWatch
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Investment Bankers/Brokers/Service
InvestmentNov 6, 2026, 06:07 AM

Solowin Holdings to Raise $12.36M via Share Offering

AI Summary

Solowin Holdings, Ltd. announced a registered direct offering of 10,300,000 Class A ordinary shares at $1.20 per share, expecting to raise approximately $12,360,000 in gross proceeds. The company plans to use the net proceeds for the repayment of outstanding promissory notes and for working capital and general corporate purposes. The offering is being made pursuant to the company's effective shelf registration statement on Form F-3 and a prospectus supplement. The closing of the sale is anticipated around November 20, 2026.

Key Highlights

  • Solowin Holdings to issue and sell 10,300,000 Class A ordinary shares.
  • Purchase price set at $1.20 per share.
  • Expected gross proceeds of approximately $12,360,000.
  • Net proceeds to be used for repayment of promissory notes and working capital.
  • Closing of the sale is expected on or about November 20, 2026.