AGM Group Holdings Inc. an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced the closing of its previously announced private placement of Class A ordinary shares, par value US$0.05 per share, at a purchase price of US$0.6305 per share. The closing of the US$11.0 million Private Placement occurred on October 5, 2026.
Pursuant to the share purchase agreement, dated September 17, 2026 entered into with an investor, the Company agreed to issue and sell the Shares for aggregate gross proceeds of up to US$11.0 million. The closing occurred on October 5, 2026 in Hong Kong.
The Company intends to use the net proceeds from the Private Placement for general corporate purposes, including working capital, project development, and other strategic initiatives. The financing is expected to strengthen AGM Group's capital base and support its continued development as a Nasdaq-listed company.
The securities sold in the Private Placement were offered and sold in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended and applicable state securities laws. The securities have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies.
About AGM Group Holdings Inc.
AGM Group Holdings Inc. is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (“ASIC”) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies.
