Garden Stage Limited Announces $4.2 Million Registered Direct Offering
Rhea-AI Summary
Garden Stage Limited (NASDAQ: GSIW) has announced a registered direct offering to raise approximately $4.2 million through the sale of 38,406,345 ordinary shares at $0.11 per share. The offering includes pre-funded warrants with an exercise price of $0.001 per share.
The transaction, expected to close around July 25, 2025, is being conducted under a shelf registration statement on Form F-3. Univest Securities, LLC is serving as the sole placement agent for the offering.
Positive
- None.
Negative
- Significant dilution with 38.4 million new shares being offered
- Low share price of $0.11 indicates potential market concerns
News Market Reaction – GSIW
On the day this news was published, GSIW declined 38.14%, reflecting a significant negative market reaction. Argus tracked a peak move of +22.3% during that session. Argus tracked a trough of -63.7% from its starting point during tracking. Our momentum scanner triggered 64 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $7M from the company's valuation, bringing the market cap to $12M at that time. Trading volume was exceptionally heavy at 65.6x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
HONG KONG, July 24, 2025 (GLOBE NEWSWIRE) -- Garden Stage Limited (NASDAQ: GSIW) (“GSIW” or the “Company”), today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 38,406,345 of the Company’s ordinary share, par value
The aggregate gross proceeds to the Company of this offering are expected to be approximately
Univest Securities, LLC is acting as the sole placement agent.
The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-283618) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on March 10, 2025. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov.
About Garden Stage Limited
GSIW, through our Operating Subsidiaries, are a Hong Kong-based financial services provider principally engaged in the provision of (i) placing and underwriting services; (ii) securities dealing and brokerage services; (iii) asset management services; and (iv) investment advisory services. Our operation is carried out through our wholly-owned Operating Subsidiaries: a) I Win Securities Limited, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management Limited, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong. I Win Securities Limited is the Stock Exchange Participant and holds one Stock Exchange Trading Right. I Win Securities Limited is a participant of the HKSCC.
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 current expectations and projections about future events and financial trends 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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update 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 in its other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Garden Stage Limited
Chan Sze Ho
Chief Executive Officer
Email: rickychan@iwinsec.com
Tel: (852) 2688 6333
FAQ
How much money is Garden Stage Limited (GSIW) raising in its July 2025 offering?
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