Top Wealth Group prices 720,000 units at $7.00 in public offering

Top Wealth Group (TWG) announced the pricing of a best-efforts public offering of 720,000 units, consisting of one Class A ordinary share of the Company, par value $0.009 per share, one Series A Class A Warrant and one Series B Class A Warrant, at a public offering price of $7.00 per Unit. The Class A Warrants with an exercise price of $7.00 per Class A Ordinary Share, will be immediately exercisable following issuance. The Series A Class A Warrants will expire on the five-year anniversary of the original issuance date. The Series B Class A Warrants will expire on the eighteen-month anniversary of the original issuance date. The closing of the offering is expected to occur on or about December 10, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the exclusive placement agent of the offering. The aggregate gross proceeds to the Company from this offering are expected to be approximately $5.04M before deducting the placement agent’s fees and other offering expenses payable by the Company and excluding the exercise of any warrant offered. The potential additional gross proceeds to the Company from the Class A Warrants, if fully exercised on a cash basis, will be approximately $10.08M.