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Prestige Wealth, Inc. ( (PWM) ) just unveiled an announcement.
Prestige Wealth Inc., a company involved in financial services, entered into a Securities Purchase Agreement on March 7, 2025, with accredited investors for a private placement offering. This agreement involves the sale of Class A ordinary shares and warrants, generating gross proceeds of approximately $5 million. The transaction is structured to prevent any purchaser from owning more than 4.99% of the company’s ordinary shares immediately following the offering. The warrants, exercisable three months after issuance, have a five-year expiration and are subject to beneficial ownership limitations. This strategic move is expected to bolster the company’s financial position and enhance its market presence.
More about Prestige Wealth, Inc.
YTD Price Performance: -61.45%
Average Trading Volume: 882,285
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $16.85M
Learn more about PWM stock on TipRanks’ Stock Analysis page.