SU Group announces pricing of $6M public offering

SU Group (SUGP) announced that it has priced a public offering of securities as described below for aggregate gross proceeds to the company of $6M, before deducting agent fees and other estimated expenses payable by the company. The offering consists of 3M Units, each Unit consisting of (i) one pre-funded warrant to purchase one Class A ordinary share, and (ii) two warrants with a twenty-five-month term, each warrant to purchase one Class A ordinary share. The company is offering each Unit at an assumed public offering price of $2.00 per Unit. Each of the Warrants will be immediately exercisable for one Class A ordinary share at an exercise price of $5.50 per share. The closing of the offering is expected to occur on or about May 13, subject to the satisfaction of customary closing conditions. 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.