AGM Group Holdings Inc. Announces Pricing of $5.4 Million Public Offering
03 March 2025 - 2:15PM
AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ:
AGMH), an integrated technology company specializing in the
assembling and sales of high-performance hardware and computing
equipment, today announced the pricing of its public offering of
16,390,000 Class A ordinary shares and accompanying warrants to
purchase up to an aggregate of 16,390,000 Class A ordinary shares
at a combined public offering price of $0.33. The warrants will
expire on the fifth anniversary from the date of issuance, will be
exercisable immediately at an initial exercise price of $0.33 per
share, subject to adjustment upon a one-time reset on the Reset
Date (as described in the warrants), and subject to a floor price
described therein. The warrants may also be exercised on an
alternative cashless basis pursuant to which the holder may
exchange each warrant for 1.2 Class A ordinary shares.
Gross proceeds to the Company, before deducting
placement agent's fees and other offering expenses, are expected to
be approximately $5.4 million. The offering is expected to close on
or about March 4, 2025, subject to the satisfaction of customary
closing conditions.
Maxim Group LLC is acting as sole placement
agent in connection with the offering.
The securities above are being offered pursuant
to a registration statement on Form F-1, as amended, (File No.
333-282420) which was declared effective by the Securities and
Exchange Commission (the "SEC") on February 28, 2025. A final
prospectus relating to the offering will be filed with the SEC and
will be available on the SEC’s website at http://www.sec.gov. The
offering is being made only by means of a prospectus forming part
of the effective registration statement. Electronic copies of the
prospectus relating to this offering, when available, may also be
obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New
York, New York 10022, Attention: Syndicate Department, by telephone
at (212) 895-3745 or by email at syndicate@maximgrp.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the registration or qualification under the
securities laws of any such state or other jurisdiction.
About AGM Group Holdings
Inc.
AGM Group Holdings Inc. (NASDAQ: AGMH) is
an integrated technology company specializing in the assembling and
sales of high-performance hardware and computing equipment. With a
mission to become a key participant and contributor in the global
blockchain ecosystem, AGMH focuses on the research and development
of blockchain-oriented Application-Specific Integrated Circuit
(ASIC) chips, the assembling and sales
of high-end crypto miners for Bitcoin and
other cryptocurrencies. For more information, please
visit www.agmprime.com.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company's current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "approximates," "assesses," "believes,"
"hopes," "expects," "anticipates," "estimates," "projects,"
"intends," "plans," "will," "would," "should," "could," "may" or
similar expressions. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and other filings with the U.S. Securities
and Exchange Commission.
For more information, please
contact:
AGM Group Holdings Inc.Email:
ir@agmprime.comWebsite: http://www.agmprime.com
Ascent Investor Relations
LLCTina XiaoPresidentPhone: +1-646-932-7242Email:
investors@ascent-ir.com
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