Freedom Holding Corp. Announces That It Has Completed an Offering of Its Common Stock
Freedom Holding Corp. Announces That It Has Completed an Offering of Its Common Stock
Freedom Holding Corp. (Nasdaq: FRHC) announced completion of an offering of 2,374,356 shares of its common stock conducted under Regulation S of the Securities Act of 1933, generating aggregate gross proceeds of nearly US$300 million.
NEW YORK--(BUSINESS WIRE)--
Freedom Holding Corp. (Nasdaq: FRHC), an international financial technology group, today announced that it has completed an offering of 2,374,356 shares of its common stock pursuant to Regulation S of the Securities Act of 1933 (the “Securities Act”), raising aggregate gross proceeds of nearly US$300 million.
This announcement is not and does not form part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities offered in the offering mentioned above will not be or have not been registered under the Securities Act and may not be offered or sold in the United States or to U.S. persons (other than distributors) absent registration or an applicable exemption from the registration requirements of the Securities Act. Hedging transactions involving the securities may not be conducted unless in compliance with the Securities Act.
Media Contact for Freedom US Markets
Deborah Kostroun, Zito Partners
deborah@zitopartners.com
+1 201-403-8158
Source: Freedom Holding Corp.
Key Terms
regulation sregulatory
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
securities actregulatory
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.
