Garden Stage announces $4.2M registered direct offering

Garden Stage (GSIW) Limited announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 38.41M of the company’s ordinary share at a purchase price of 11c per share in a registered direct offering. The aggregate gross proceeds to the company of this offering are expected to be approximately $4.2M. The transaction is expected to close on or about July 25, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.