Business
WallachBeth Capital Announces Closing of SU Group's $6 Million Public Offering
WallachBeth Capital LLC, a leading provider of capital markets and institutional execution services, announces the closing of SU Group Holdings Limited (Nasdaq: SUGP) 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":"JERSEY CITY, N.J., May 13, 2026 /PRNewswire/ -- WallachBeth Capital LLC, a leading provider of capital markets and institutional execution services, announces the closing of SU Group Holdings Limited (Nasdaq: SUGP) 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":403,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":188,"url":"https://media.zenfs.com/en/prnewswire.com/08d6b078574aa4a530f8d5620e223fd7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/w2GAoqlTT5ZpcY4heZOdGg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/08d6b078574aa4a530f8d5620e223fd7","width":400,"height":188},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/jC4_HA4GAh1CKCByUYp8kg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTMwMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/08d6b078574aa4a530f8d5620e223fd7","width":400,"height":188}},"href":"https://mma.prnewswire.com/media/465649/WallachBeth_Logo.html","hrefExternal":true,"rel":"nofollow"},{"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 offered each Unit at a 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":195,"tagName":"p"},{"type":"text","content":"The Company filed a final prospectus relating to the offering with the U.S. Securities and Exchange Commission on May 12, 2026, which describes, among other things, the number and terms of the securities sold in the offering.","length":225,"tagName":"p"},{"type":"text","content":"In connection with this offering, the Company entered into a registration rights agreement with the investors in this offering, pursuant to which the Compa...