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Alpha Technology Group Limited Ordinary Shares - $ATGL STOCK NEWS

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Rhea-AI Summary
Alpha Technology Group Limited (ATGL) reported its fiscal year 2023 financial results, showing a 96.55% increase in revenues, a 183.99% increase in gross profit, and a 94.47% increase in selling, general, and administrative expenses. The company also experienced a net loss of approximately US$0.89 million for the year ended September 30, 2023. Alpha completed its initial public offering on November 2, 2023, raising approximately US$7.00 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.11%
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none
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Rhea-AI Summary
Alpha Technology Group Limited (ATGL) has fully exercised the over-allotment option to purchase an additional 262,500 Ordinary Shares at the public offering price of $4.00 per share, raising gross proceeds of $1,050,000. The Company has previously raised approximately $7,000,000 before deducting underwriting discounts and offering expenses. The Offering is being made only by means of a prospectus, and a copy of the final prospectus can be obtained via the SEC's website at www.sec.gov.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.31%
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none
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Rhea-AI Summary
Alpha Technology Group Limited, a leading IT solutions provider and cloud-based service provider in Hong Kong, has successfully priced its IPO at $4 per share and commenced trading on the Nasdaq stock exchange. Alpha specializes in AI-powered optical character recognition (AI-OCR) services and develops tailor-made web and mobile applications. The company aims to expand its market presence and enhance language recognition capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.8%
Tags
AI
Rhea-AI Summary
Alpha Technology Group Limited has closed its initial public offering, raising $7,000,000 in gross proceeds. The offering consisted of 1,750,000 ordinary shares priced at $4.00 per share. The company's shares are now trading on the Nasdaq Capital Market under the ticker symbol 'ATGL'. The underwriters have been granted an over-allotment option to purchase up to an additional 262,500 ordinary shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.87%
Tags
-
Rhea-AI Summary
Alpha Technology Group Limited has announced the pricing of its initial public offering (IPO) of 1,750,000 ordinary shares at a public offering price of $4.00 per share. The total gross proceeds from the offering are $7,000,000. The shares will be listed on the Nasdaq Capital Market under the ticker symbol 'ATGL'. The underwriters have been granted an option to purchase up to an additional 262,500 shares to cover the over-allotment option. The offering is expected to close on November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Alpha Technology Group Limited Ordinary Shares

Nasdaq:ATGL

ATGL Rankings

ATGL Stock Data

63.95M
4.28M
71.97%
0.06%
0.37%
Data Processing, Hosting, and Related Services
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United States of America
Kwun Tong