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SU Group Announces Pricing of $6 Million Public Offering
SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, today announced that it has priced a public offering of securities as described below for aggregate gross proceeds to the Company of $6 million, before deducting agent fees and other estimated expenses payable by the company.
About this update from Su Group Holdings Limited
[{"type":"text","content":"HONG KONG, May 12, 2026 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, today announced that it has priced a public offering of securities as described below for aggregate gross proceeds to the Company of $6 million, before deducting agent fees and other estimated expenses payable by the company.","length":436,"tagName":"p"},{"type":"text","content":"The offering consists of 3,000,000 Units ("Units"), each Unit consisting of (i) one pre-funded warrant (a "Pre-Funded Warrant") to purchase one Class A ordinary share ("Class A ordinary share"), and (ii) two warrants with a twenty-five-month term, each warrant to purchase one Class A ordinary share (the "Warrants").","length":357,"tagName":"p"},{"type":"text","content":"We are offering each Unit at an assumed public offering price of US$2.00 per Unit. Each of the Warrants will be immediately exercisable for one Class A ordinary share at an exercise price of US$5.50 per share.","length":209,"tagName":"p"},{"type":"text","content":"The closing of the offering is expected to occur on or about May 13, 2026, subject to the satisfaction of customary closing conditions.","length":135,"tagName":"p"},{"type":"text","content":"WallachBeth Capital, LLC is acting as sole placement agent for the offering. Nauth LPC is acting as US securities counsel to the Company and Hunter Taubman Fischer & Li LLC is acting as US securities counsel to Wallachbeth Capital, LLC.","length":240,"tagName":"p"},{"type":"text","content":"This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.","length":310,"tagName":"p"},{"type":"text","content":"The securities described above are being offered by the Company pursuant to a registration statement on Form F-1 (File No. 333-291851), as amended and supplemented by post-effective amendments, previously filed and declared effective by the U.S. Securities and Exchange Commission (the "SEC"). This press release shall not constitute an ...