Aureus Greenway Holdings Inc. Announces the Closing of its Initial Public Offering
14 February 2025 - 8:30AM
Aureus Greenway Holdings Inc. (the “Company”) (
NASDAQ:
AGH), an owner and operator of daily fee golf country
clubs in the state of Florida, announced today the closing of its
initial public offering (the “Offering”) of 3,750,000 shares of its
common stock at a public offering price of $4.00 per share for
total gross proceeds of $15,000,000, before deducting underwriting
discounts and other offering expenses. The shares of common stock
of the Company began trading on the Nasdaq Capital Market on
February 12, 2025, under the ticker symbol “AGH.” The Offering
consisted of 3,000,000 shares of common stock from the Company and
750,000 shares of common stock from certain selling stockholders.
The Company did not receive any proceeds from any sale of shares by
the selling stockholders.
Dominari Securities, LLC acted as lead
underwriter, with Revere Securities LLC acting as the
co-underwriter. Ortoli Rosenstadt LLP acted as U.S. securities
counsel to the Company, and Sichenzia Ross Ference Carmel LLP acted
as U.S. securities counsel to the underwriters, in connection with
the Offering.
A registration statement on Form S-1 relating to
the Offering was filed with the U.S. Securities and Exchange
Commission (the “SEC”) (File Number: 333- 280340), as amended, and
was declared effective by the SEC on November 12, 2024 and declared
effective by the SEC on a post-effective basis on February 10,
2025. The Offering is being made only by means of a prospectus,
forming a part of the registration statement. Copies of the final
prospectus relating to the Offering, when available, may be
obtained from Dominari Securities LLC by email at
info@dominarisecurities.com, by standard mail to Dominari
Securities LLC, 725 Fifth Avenue, 23rd Floor, New York, NY 10022,
or by calling (212) 393-4500. In addition, copies of the final
prospectus relating to the Offering, when available, may be
obtained via the SEC’s website at www.sec.gov.
Before you invest, you should read the
prospectus and other documents the Company has filed or will file
with the SEC for more information about the Company and the
Offering. This press release has been prepared for informational
purposes only and shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Aureus Greenway Holdings
Inc.Aureus Greenway Holdings Inc. owns and operates daily
fee golf country clubs in the state of Florida that are designed to
appeal to a wide-ranging population. The combination of our
strategic locations and approachable golf-courses attracts both
local and tourist demographics, allowing us to offer a variety of
golf experiences while capturing a broad share of discretionary
leisure spending. For more information, please visit our website at
www.aureusgreenway.com.
Forward-Looking Statements This
press release contains forward-looking statements. Forward-looking
statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying
assumptions and other statements that are other than statements of
historical facts. When the Company uses words such as “may, “will,
“intend,” “should,” “believe,” “expect,” “anticipate,” “project,”
“estimate” or similar expressions that do not relate solely to
historical matters, it is making forward-looking statements. These
forward-looking statements include, without limitation, the
Company's statements regarding the expected trading of its common
stock on the Nasdaq Capital Market and the closing of the Offering.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause the actual
results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the uncertainties related to market conditions and the completion
of the initial public offering on the anticipated terms or at all,
and other factors discussed in the “Risk Factors” section of the
registration statement filed with the SEC. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
Investor Relations
Contact:Matthew Abenante, IRCPresidentStrategic Investor
Relations, LLC Tel: 347-947-2093Email: matthew@strategic-ir.com
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