AGM Group Holdings Inc. Announces Closing of US$11.0 million Private Placement

The financing adds capital through Class A ordinary shares sold at US$0.6305 per share, diluting existing holders.

Rhea-AI Summary

AGM Group Holdings (NASDAQ: AGMH) closed its previously announced US$11.0 million private placement of Class A ordinary shares, completing the financing. The shares were sold at US$0.6305 per share under a purchase agreement dated September 17, 2026, with an investor. That agreement provided for aggregate gross proceeds of up to US$11.0 million.

The company intends to use the net proceeds for general corporate purposes, including working capital, project development and other initiatives. Issuing the Class A ordinary shares dilutes existing holders.

1 point · 1 major

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1 major · 1 point

How the balance works

Positive

• Major pointUS$11.0 million private placement closed, adding capital to AGM Group. 4.4× market cap

Negative

• Major pointClass A ordinary shares sold at US$0.6305 per share dilute existing holders.

News Explained

The shares sold in the placement remain unregistered under the Securities Act and applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption; closing the sale did not remove that stated resale restriction.

Argus 15 min delay 16 alerts

+5.08% vs previous close $0.74 last price 302.1x rel. volume Open Argus

Details

Market move: AGMH +5.08% vs previous close. US$11.0 million private placement

+14.0% Peak Tracked

-5.7% Trough Tracked

$0.68 – $0.83 Day Range

$2.65M Market Cap

On Oct 5, the day this news came out, the latest delayed price for AGMH is 5.08% above the previous close. Argus tracked a peak move of +14.0% during the session. Argus tracked a trough of -5.7% from its starting point during tracking. Our momentum scanner has recorded 16 alerts for this stock so far that day. The latest delayed price is $0.74. Relative volume is exceptionally heavy at 302.1x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Gross proceeds: Up to US$11.0 million Purchase price: US$0.6305 per share

Gross proceeds

Up to US$11.0 million

Private placement

Purchase price

US$0.6305 per share

Class A ordinary shares

Historical Context

1 past event · Latest: Sep 21

1 event

1. Sep 21

   Private placement agreement

   24h Move

   -4.6%

   Announced an agreement to raise up to US$11 million at US$0.6305 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

private placement, par value, securities act, asic

4 terms

private placement financial

"closing of its previously announced private placement"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

par value financial

"Class A ordinary shares, par value US$0.05 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

securities act regulatory

"exempt from the registration requirements of the Securities Act of 1933"

A securities act is a law that governs the offering, sale and disclosure of stocks, bonds and other investment products to the public. It requires companies to provide clear, truthful information—like a product label for an investment—so buyers can understand risks and value before they invest. For investors, these rules reduce fraud, promote transparency, and help ensure fair access to market information.

asic technical

"blockchain-oriented Application-Specific Integrated Circuit (“ASIC”) chips"

ASIC is Australia’s corporate, markets and financial services regulator that enforces rules for companies, financial advisers and market operators; think of it as the referee and rulebook keeper for financial activity. It matters to investors because ASIC’s oversight, investigations and enforcement actions affect company credibility, legal risk and market fairness—actions that can change stock prices, investor confidence and the safety of financial products.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HONG KONG, Oct. 05, 2026 (GLOBE NEWSWIRE) -- AGM Group Holdings Inc. (NASDAQ: AGMH, “AGM Group” or the “Company”), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced the closing of its previously announced private placement of Class A ordinary shares, par value US$0.05 per share, at a purchase price of US$0.6305 per share (the "Private Placement").

Pursuant to the share purchase agreement, dated September 17, 2026 (the "Purchase Agreement"), entered into with an investor (the "Purchaser"), the Company agreed to issue and sell the Shares for aggregate gross proceeds of up to US$11.0 million. The closing of the US$11.0 million Private Placement occurred on October 5, 2026.

The Company intends to use the net proceeds from the Private Placement for general corporate purposes, including working capital, project development, and other strategic initiatives. The financing is expected to strengthen AGM Group's capital base and support its continued development as a Nasdaq-listed company.

The securities sold in the Private Placement were offered and sold in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), and applicable state securities laws. The securities have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does 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 the registration or qualification under the securities laws of any such state or 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.agmhgroup.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.
Investor Relations Department
Email: ir@agmhgroup.com
https://agmhgroup.com/

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much was AGM Group Holdings' completed private placement and what was the share price?

AGM Group Holdings closed a US$11.0 million private placement of Class A ordinary shares at US$0.6305 per share. The closing occurred on October 5, 2026, under a purchase agreement dated September 17, 2026.