Prestige Wealth Inc. Raises $3M in Private Placement
Ticker: AURE · Form: 6-K · Filed: Sep 13, 2024 · CIK: 1765850
Sentiment: neutral
Topics: private-placement, equity-offering, capital-raise
TL;DR
Prestige Wealth Inc. just closed a $3M private placement. Funds secured.
AI Summary
On September 9, 2024, Prestige Wealth Inc. entered into a Securities Purchase Agreement with accredited investors for a private placement. The company raised approximately $3,000,000 in gross proceeds from this offering.
Why It Matters
This private placement provides Prestige Wealth Inc. with new capital, potentially enabling further business development or operational expansion.
Risk Assessment
Risk Level: medium — Private placements can indicate a need for capital and may involve less stringent disclosure than public offerings, introducing some risk.
Key Numbers
- $3.0M — Gross Proceeds (Raised from private placement on September 9, 2024)
Key Players & Entities
- Prestige Wealth Inc. (company) — Registrant
- September 9, 2024 (date) — Date of Securities Purchase Agreement
- $3,000,000 (dollar_amount) — Gross proceeds from private placement
FAQ
What was the total amount of gross proceeds raised in the private placement?
The Company received gross proceeds of approximately $3,000,000.
When did Prestige Wealth Inc. enter into the Securities Purchase Agreement?
Prestige Wealth Inc. entered into the Securities Purchase Agreement on September 9, 2024.
Who were the purchasers in the private placement?
The purchasers were certain accredited investors.
What is the filing form type?
The filing form type is a 6-K.
What is the principal executive office address of Prestige Wealth Inc.?
The principal executive office is located at Suite 3201, Champion Tower, 3 Garden Road, Central, Hong Kong.
Filing Stats: 887 words · 4 min read · ~3 pages · Grade level 14.5 · Accepted 2024-09-13 17:00:03
Key Financial Figures
- $3,000,000, b — eceived gross proceeds of approximately $3,000,000, before deducting any offering expenses, i
- $0.000625 — ,545 Class A ordinary shares, par value $0.000625 per share (the “Ordinary Shares&r
- $0.55 — Warrants”) at a purchase price of $0.55 per Ordinary Share and associated Warra
- $0.6050 — Initial Exercise Date at exercise price $0.6050 per share for Series A Ordinary Warrant
- $0.7150 — hare for Series A Ordinary Warrants and $0.7150 per share for Series B Ordinary Warrant
Filing Documents
- ea0214344-6k_prestige.htm (6-K) — 17KB
- ea021434401ex10-1_prestige.htm (EX-10.1) — 212KB
- ea021434401ex10-2_prestige.htm (EX-10.2) — 87KB
- ea021434401ex10-3_prestige.htm (EX-10.3) — 87KB
- ea021434401ex10-4_prestige.htm (EX-10.4) — 88KB
- 0001213900-24-078642.txt ( ) — 491KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. PRESTIGE WEALTH INC. Date: September 13, 2024 By: /s/ Hongtao Shi Name: Hongtao Shi Title: Chief Executive Officer and Chairman 3