HWH International Inc. announced the closing of its public offering on January 6, 2025, generating aggregate gross proceeds of approximately $1,764,875. This capital raise is intended to support the company's ongoing operations and strategic initiatives.
The offering consisted of 3,125,000 shares of common stock and 1,250,000 pre-funded warrants to purchase common stock. Each share of common stock or pre-funded warrant was sold at a purchase price of $0.40.
D. Boral Capital LLC acted as the sole placement agent for the offering. The securities were offered pursuant to an effective registration statement filed with the Securities and Exchange Commission.
For investors, this financing event provides HWH with additional capital, which is essential for funding its ambitious expansion plans across its 'Health, Wealth, Happiness' ecosystem. However, the issuance of new shares and warrants also introduces potential dilution for existing shareholders.
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