Business
Alpha Technology Group Limited Announces Exercise of the Underwriter’s Over-Allotment Option
Hong Kong, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Alpha Technology Group Limited (NASDAQ: ATGL) (the “Company” or “Alpha”), an established cloud-based IT solution
About this update from Alpha Technology Group Limited
[{"type":"text","content":"Hong Kong, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Alpha Technology Group Limited (NASDAQ: ATGL) (the “Company” or “Alpha”), an established cloud-based IT solution service provider in Hong Kong, today announced that Prime Number Capital LLC, as underwriter of the Company’s initial public offering (the “Offering”), has fully exercised the over-allotment option (the “Option”) to purchase an additional 262,500 Ordinary Shares at the public offering price of $4.00 per share. As a result, the Company has raised gross proceeds of $1,050,000, in addition to the previously gross proceeds of approximately $7,000,000, before deducting underwriting discounts and offering expenses, already received in the Offering. Prime Number Capital LLC acted as the sole bookrunner for the Offering. Hunter Taubman Fischer & Li LLC acted as U.S. counsel to the Company and Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to the underwriter, in connection with the Offering. A registration statement on Form F-1 (File No. 333-273289) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the \"SEC\") and was declared effective by the SEC on October 30, 2023. The Offering is being made only by means of a prospectus. The final prospectus relating to the securities being offered in the Offering was filed with the SEC on November 1, 2023. Copies of the final prospectus related to the Offering may be obtained from Prime Number Capital LLC by email at [email protected] or via standard mail to Prime Number Capital LLC, 12 E 49th St, Floor 27, New York, NY10017. In addition, a copy of the final prospectus can also be obtained via the SEC's website at www.sec.gov. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Alpha Technology Group Limited Alpha Technology Group Limited is a cloud-based IT solution service provider in Hong Kong. T...