HWH International Inc. Secures $1.76 Million in Public Offering
HWH International Inc. Completes Successful Public Offering
BETHESDA, MD - HWH International Inc. (NASDAQ: HWH), a purpose-driven lifestyle company, has successfully closed its public offering, securing aggregate gross proceeds of approximately $1.76 million. This marks a significant milestone for the Company, enhancing its ability to further its mission.
Details of the Public Offering
The public offering consisted of 3,125,000 shares of common stock and 1,250,000 pre-funded warrants allowing for the purchase of an additional 1,250,000 shares of common stock. Each share was priced at $0.40, while the warrants were available at $0.3999 each, reflecting a nominal adjustment.
Engagement of Placement Agent
D. Boral Capital LLC served as the sole placement agent for this offering, guiding HWH International through the process and ensuring a successful fundraising endeavor.
Legal Representation
The legal intricacies of the offering were managed by Sichenzia Ross Ference Carmel LLP for HWH International and Lucosky Brookman LLP for D. Boral Capital. Their expertise was vital in navigating the regulatory environment and maintaining compliance throughout the process.
Regulatory Framework
This public offering was conducted under the effective registration statement on Form S-1, which had been filed with the SEC. This strategic step ensured that all operations were transparent and within regulatory bounds, allowing HWH International to reach a broad base of interested investors.
HWH International Inc.'s Business Strategy
HWH International is dedicated to evolving the lifestyle market through unique platforms. The Company operates under four core pillars: Hapi Marketplace, Hapi Cafe, Hapi Travel, and Hapi Wealth Builder. Each branch is crafted to aid individuals in their pursuit of health, wealth, and happiness.
Company Overview
HWH International's vision integrates comprehensive lifestyle choices into everyday living, creating pathways that empower individuals. Their commitment to improving quality of life is reflected through these diversified offerings.
Investor Contact Information
For additional information regarding this public offering or inquiries related to investments, stakeholders are encouraged to contact HWH International directly:
HWH International Inc.
4800 Montgomery Lane, Suite 210
Bethesda, MD 20814
Phone: 301-971-3955
Email: contact@hwhintl.com
Frequently Asked Questions
What is the significance of the $1.76 million secured?
The funds from the offering will be utilized to support HWH International's core business initiatives that promote health, wealth, and happiness.
How many shares were offered in the public offering?
The public offering included 3,125,000 shares of common stock, alongside 1,250,000 pre-funded warrants.
Who acted as the placement agent for this offering?
D. Boral Capital LLC acted as the sole placement agent, facilitating the offering process.
What are the main business pillars of HWH International?
The Company operates through four primary areas: Hapi Marketplace, Hapi Cafe, Hapi Travel, and Hapi Wealth Builder.
How can investors get more information about HWH International?
Investors can contact HWH International through their office or via email to receive any additional details regarding the Company’s offerings or investments.
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