HWH International Announces $1.76M Stock Offering

The company prices shares and pre-funded warrants, ensuring swift exercise terms to raise substantial capital.

January 06, 2025

Strategic Offering to Bolster Financial Resources

HWH International Inc., a Bethesda-based firm listed on the Nasdaq Global Market under the ticker HWH, has announced a strategic public offering aimed at generating approximately $1.76 million in gross proceeds. This move comes as part of the company’s efforts to enhance its financial resources and operational agility.

The offering comprises 3,162,500 shares of common stock, priced at $0.40 per share, and 1,250,000 pre-funded warrants offered at $0.3999 per unit. These warrants, structured with a minimal exercise price of $0.0001 per share, are exercisable immediately upon issuance. This innovative pricing strategy highlights the company's commitment to offering flexibility and appeal to its investors.

Notably, the placement process is facilitated by D. Boral Capital LLC, acting as the exclusive placement agent. The firm is set to receive a 7.5% cash fee from the gross proceeds, along with an additional 1% non-accountable expense allowance. Other expenses, including legal and administrative costs, are capped at $75,000 as outlined in their agreement.

Regulatory Compliance and Future Outlook

The financing initiative is supported by an amended S-1 registration statement, which underwent multiple revisions before receiving regulatory approval on December 19, 2024. HWH anticipates closing the offering on or around January 6, 2025, pending standard conditions customary to such transactions.

This capital injection positions HWH International to potentially address immediate operational priorities or future expansion objectives. While the announcement did not specify exact applications for the proceeds, the structured terms and rapid closing timeline suggest a targeted and efficient use of raised funds.

By aligning with D. Boral Capital LLC and leveraging its Nasdaq-listed status, HWH International demonstrates its ability to attract investors through compelling financial instruments. This initiative underscores the company's proactive approach to enhancing its market position and sustaining growth momentum.