AGM Group Holdings announces pricing of $5.4M public offering

AGM Group Holdings (AGMH)announced the pricing of its public offering of 16,390,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 16,390,000 Class A ordinary shares at a combined public offering price of 33c. The warrants will expire on the fifth anniversary from the date of issuance, will be exercisable immediately at an initial exercise price of 33c per share, subject to adjustment upon a one-time reset on the Reset Date, and subject to a floor price described therein. The warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 1.2 Class A ordinary shares. Gross proceeds to the company, before deducting placement agent’s fees and other offering expenses, are expected to be approximately $5.4M. The offering is expected to close on or about March 4, 2025, subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as sole placement agent in connection with the offering.