Solowin Holdings Ltd. announced a securities purchase agreement with individual investors on June 6, 2025. The company will sell 2,000,000 Class A Ordinary Shares and issue warrants for 4,000,000 additional shares in a registered direct offering, aiming to raise $1.6 million. The warrants, exercisable for cash immediately at a price of $1.00, have a three-year term and include provisions for cashless exercise starting one month after issuance. Proceeds will be used for working capital and general corporate purposes. The transaction is expected to close around June 9, 2025.
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