Welcome to our dedicated page for Plutus Financial Group news (Ticker: PLUT), a resource for investors and traders seeking the latest updates and insights on Plutus Financial Group stock.
Plutus Financial Group Limited (PLUT) is a Hong Kong-based financial services holding company whose news flow reflects its role in the capital markets and asset management industry. The company’s ordinary shares trade on the Nasdaq Capital Market, and its disclosures highlight activities in securities brokerage, capital markets services, and wealth and asset management through licensed subsidiaries in Hong Kong.
News about Plutus Financial Group Limited has included milestones such as the pricing and closing of its underwritten initial public offering of ordinary shares on Nasdaq, as well as the exercise of an underwriter’s over-allotment option that increased the total number of shares issued in the IPO. These events provide context on how the company has raised capital for its operations and growth plans.
Investors following PLUT-related news can expect updates on corporate transactions, regulatory filings, and strategic developments. SEC Form 6-K reports have described a proposed merger with Choco Up Group Holdings Limited, a fintech company specializing in revenue-based and growth capital financing. Related news items may cover the signing of the Merger Agreement, conditions to closing, amendments to extend the outside date for completion, and the potential renaming of Plutus Financial Group Limited to Choco Up International Holdings Limited upon the effective time of the merger.
In addition to transaction-related headlines, coverage of Plutus Financial Group Limited can include information about its securities brokerage operations through Plutus Securities Limited and its wealth and asset management activities through Plutus Asset Management Limited. For investors and observers, the PLUT news page offers a centralized view of press releases and regulatory updates that shape the company’s capital markets profile and corporate structure over time.
Plutus Financial Group (NASDAQ: PLUT) announced that R.F. Lafferty & Co has exercised a portion of the over-allotment option from the company's IPO, purchasing an additional 150,000 ordinary shares at $4.00 per share. This resulted in additional proceeds of $600,000, bringing the total gross proceeds to $9 million through the issuance of 2,250,000 ordinary shares.
The Hong Kong-based financial services company's IPO was led by R.F. Lafferty & Co as lead underwriter, with Revere Securities as co-underwriter. The Crone Law Group served as company counsel, while Sichenzia Ross Ference Carmel represented the underwriters. The offering was made through a Form F-1 registration statement (File No. 333-276791) declared effective by the SEC on February 4, 2025.
Plutus Financial Group (NASDAQ: PLUT) has successfully completed its Initial Public Offering, raising $8.4 million in gross proceeds through the sale of 2,100,000 ordinary shares at $4 per share. The company began trading on the Nasdaq Capital Market under the ticker symbol 'PLUT' on February 5, 2025.
The Hong Kong-based financial services company granted the underwriter a 45-day option to purchase up to an additional 315,000 ordinary shares at the public offering price. R.F. Lafferty & Co. served as lead underwriter, with Revere Securities as co-underwriter. The offering was conducted on a firm commitment basis, with The Crone Law Group and Sichenzia Ross Ference Carmel serving as legal counsel.
Plutus Financial Group (NasdaqCM: PLUT) has announced the pricing of its initial public offering of 2,100,000 ordinary shares at $4 per share, raising gross proceeds of $8.4 million. Trading is set to begin on Nasdaq Capital Market under 'PLUT' on February 5, 2025.
The underwriter has a 45-day option to purchase up to 315,000 additional shares. The offering is expected to close on February 6, 2025. Proceeds will fund: development of software and applications for operations, increased funding for trading facilities solutions, and expansion of customer management and wealth management teams.
R.F. Lafferty & Co. is leading the underwriting, with Revere Securities as co-underwriter. The offering is being conducted on a firm commitment basis.
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