Solowin Holdings Sells 500,000 Shares to Investor
Ticker: AXG · Form: 6-K · Filed: Nov 18, 2024 · CIK: 1959224
Sentiment: neutral
Topics: securities-purchase, capital-raise, filing
TL;DR
Solowin sold 500k shares to an investor on Nov 15th. Filing out now.
AI Summary
On November 15, 2024, Solowin Holdings entered into a securities purchase agreement with an individual investor to sell 500,000 ordinary shares. The agreement was filed with the SEC on November 18, 2024, as part of a Form 6-K report.
Why It Matters
This transaction indicates a capital raise or a change in share ownership structure for Solowin Holdings, which could impact its financial standing and stock performance.
Risk Assessment
Risk Level: medium — The sale of a significant number of shares to a single investor can sometimes signal financial needs or strategic shifts, warranting closer monitoring.
Key Numbers
- 500,000 — Ordinary Shares Sold (Represents the total number of shares transacted in the securities purchase agreement.)
Key Players & Entities
- Solowin Holdings, Ltd. (company) — Filer of the report and seller of securities
- November 15, 2024 (date) — Date the securities purchase agreement was entered into
- 500,000 ordinary shares (dollar_amount) — Number of shares sold in the transaction
- November 18, 2024 (date) — Filing date of the Form 6-K
FAQ
What is the total number of ordinary shares Solowin Holdings agreed to sell?
Solowin Holdings agreed to sell an aggregate of 500,000 ordinary shares.
When was the securities purchase agreement entered into?
The securities purchase agreement was entered into on November 15, 2024.
Who is the counterparty to the securities purchase agreement?
The counterparty is an individual investor.
What form was used to report this transaction?
This transaction was reported on a Form 6-K.
What is the filing date of this Form 6-K?
The Form 6-K was filed on November 18, 2024.
Filing Stats: 643 words · 3 min read · ~2 pages · Grade level 14 · Accepted 2024-11-18 16:32:37
Key Financial Figures
- $0.0001 — e of 500,000 ordinary shares, par value $0.0001 (the “Ordinary Shares”) at
- $2.00 — y Shares”) at a purchase price of $2.00 per share in a registered direct offeri
- $384,600 — ll purchase 192,300 Ordinary Shares for $384,600, and the second closing will be on or b
- $615,400 — additional 307,700 Ordinary Shares for $615,400. In addition, if at any time within six
- $1.50 — Price of Ordinary Shares is lower than $1.50 per share (subject to adjustment for re
- $1.00 million — ate gross proceeds of the financing are $1.00 million. The Company intends to use the net pro
Filing Documents
- ea0221589-6k_solowin.htm (6-K) — 22KB
- ea022158901ex10-1_solowin.htm (EX-10.1) — 127KB
- ea022158901ex5-1_solowin.htm (EX-5.1) — 23KB
- ex5-1_001.jpg (GRAPHIC) — 14KB
- 0001213900-24-099668.txt ( ) — 192KB
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. Date: November 18, 2024 SOLOWIN HOLDINGS By: /s/ Shing Tak Tam Shing Tak Tam Chief Executive Officer 3