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YY Group Holding Limited (NASDAQ:YYGH) ("YY Group" or the "Company") today announced the amendment of its previously announced registered direct offering.
The Company and the investors have entered into an amended and restated securities purchase agreement, pursuant to which the Company will offer 9,523,812 Class A Ordinary shares and warrants to purchase up to 14,285,718 Class A Ordinary Shares at a purchase price of $0.42 per share and accompanying warrants. The warrants have an exercise price of $0.50 per share and a 3.5-year term.
Gross proceeds to the Company are expected to be approximately $4.0 million, assuming no exercise of the warrants, before deducting offering expenses.
The Company expects to use the net proceeds from this offering for working capital and general corporate purposes.
The offering is expected to close on or about September 11, 2025, subject to the satisfaction of customary closing conditions. The offering is being made pursuant to the Company's shelf registration statement on Form F-3 (File No. 333-286705), which was filed with the U.S. Securities and Exchange Commission (the "SEC") on April 23, 2025, and declared effective on April 30, 2025. A prospectus supplement and accompanying base prospectus describing the terms of the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov.
FT Global Capital, Inc. is acting as the exclusive placement agent for the offering.
Posted In: YYGH
