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Roma Green Finance Limited Announces Pricing of $12,300,000 Public Offering
HONG KONG, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Roma Green Finance Limited (Nasdaq: ROMA) (the “Company”), a Cayman Islands exempted company that is based in
About this update from Roma Green Finance Limited
[{"type":"text","content":"HONG KONG, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Roma Green Finance Limited (Nasdaq: ROMA) (the “Company”), a Cayman Islands exempted company that is based in Hong Kong, today announced the pricing of a public offering of 2,449,943 of its ordinary shares at a public offering price of $4.00 per share for aggregate gross proceeds of approximately $9,799,772 prior to deducting underwriting discounts, commissions and other related expenses. Additionally, in connection with the initial public offering, a selling shareholder is selling 625,517 ordinary shares at $4.00 per share, for total gross proceeds of $2,502,068, before deducting underwriting discounts, commissions and other related expenses. The Company will not receive any of the proceeds from the sale by the selling shareholder. The ordinary shares are expected to begin trading on the Nasdaq Capital Market tomorrow, January 9, 2024, under the trading symbol “ROMA.” The offering is expected to close on or about January 11, 2024, subject to customary closing conditions. The offering has been conducted on a firm commitment basis. Spartan Capital Securities, LLC (“Spartan”), acted as sole book-running manager for the offering. The Company expects to use the net proceeds from this offering to (i) strengthen and expand its green and sustainable finance and climate risk advisory business in Hong Kong and Singapore and to expand market presence in other international markets; (ii) to enhance its industry positioning and strengthen its business development; (iii) to strengthen its operational efficiency; (iv) for strategic acquisition; (v) for establishing a formal ESG academy, and (vi) for working capital and other general corporate purposes. A registration statement on Form F-1 relating to the offering, as amended, was filed with the Securities and Exchange Commission (the “SEC”) (File Number: 333-272555) and was declared effective by the SEC on December 29, 2023. The offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the offering, when available, may be obtained from Spartan Capital Securities, LLC; Attn: Kim Monchik, 45 Broadway, 19th Floor, New York, NY 10006 or via email at [email protected] or telephone at (212) 293-0123. In addition, a copy of the prospectus relating to th...