D. Boral Capital Served as Placement Agent to HWH International Inc. (Nasdaq: HWH) in connection with its approximately $1.76 Million Public Offering
MWN-AI** Summary
On January 7, 2025, HWH International Inc. (NASDAQ: HWH), a lifestyle company focused on promoting health and happiness, announced the successful closing of its public offering, raising approximately $1.76 million. The offering comprised 3,412,500 shares of common stock and 1,000,000 pre-funded warrants, with each common stock share priced at $0.40 and the pre-funded warrants priced at $0.3999 after accounting for the minimal exercise price.
D. Boral Capital LLC served as the sole placement agent for this offering, which was executed under an effective registration statement filed with the Securities and Exchange Commission (SEC) on Form S-1. The registration statement was finalized on December 19, 2024, enabling HWH to sell the securities via a prospectus supplement. Legal counsel for HWH was provided by Sichenzia Ross Ference Carmel LLP, while Lucosky Brookman LLP represented D. Boral Capital.
HWH International Inc. operates through four key areas: Hapi Marketplace, Hapi Cafe, Hapi Travel, and Hapi Wealth Builder, all aimed at assisting individuals in achieving health, wealth, and personal fulfillment. The company emphasizes its purpose-driven approach to lifestyle improvement.
As per the announcement, while the company expresses confidence in the offering’s success, it also includes forward-looking statements that carry inherent uncertainties and risks. HWH urges stakeholders to review potential risks outlined in the registration statement, acknowledging that actual outcomes may vary from expectations due to market conditions and other variables.
Interested parties can access additional information about the offering, including the final prospectus, by visiting the SEC’s website or by contacting D. Boral Capital directly. The release serves as an informative update rather than an offer to sell or solicit securities.
MWN-AI** Analysis
The recent public offering by HWH International Inc. (NASDAQ: HWH), which raised approximately $1.76 million, represents a significant milestone for the company known for its purpose-driven lifestyle initiatives. The offering consisted of 3,412,500 shares of common stock and 1,000,000 pre-funded warrants sold at $0.40 each. D. Boral Capital LLC's role as the sole placement agent underscores the growing interest in companies that emphasize well-being and sustainable lifestyles, catering to an increasingly conscientious consumer base.
Investors should view HWH International’s offering as an opportunity to evaluate not only the immediate capital raised but also the company’s long-term growth trajectory. The funds are likely to be allocated toward expanding their core offerings—Hapi Marketplace, Hapi Cafe, Hapi Travel, and Hapi Wealth Builder—potentially increasing market share within the lifestyle sector focused on health, wealth, and happiness.
However, investors should remain cautious given the inherent risks associated with small-cap companies and public offerings. The volatility associated with such stocks can lead to significant price fluctuations, particularly as the market reacts to this latest development. Furthermore, the forward-looking statements made by HWH International indicate a reliance on market conditions for future growth, underscoring the need for investors to consider broader economic factors that could impact consumer spending.
In light of these insights, investors are advised to adopt a diversified investment strategy and remain vigilant about developments within the HWH International portfolio. Monitoring the performance post-offering and assessing the company's strategic execution will be critical for determining its potential in capturing new market opportunities while mitigating risks. As always, thorough due diligence, considering both the opportunities and risks involved, remains vital for future investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
BETHESDA, Md., Jan. 07, 2025 (GLOBE NEWSWIRE) -- HWH International Inc. (the “Company”) (NASDAQ: HWH), a purpose-driven lifestyle company, today announced the closing of its public offering (the “Offering”) with aggregate gross proceeds to the Company of $1,764,900, prior to deducting fees and other expenses payable by the Company. The Offering consisted of 3,412,500 shares of common stock and 1,000,000 pre-funded warrants to purchase 1,000,000 shares of common stock. Each share of common stock (or pre-funded warrant in lieu thereof) was sold at a purchase price of $0.40 per share (or $0.3999 per pre-funded warrant after reducing $0.0001 attributable to the exercise price of the pre-funded warrants).
D. Boral Capital LLC acted as sole placement agent for the Offering.
Sichenzia Ross Ference Carmel LLP acted as legal counsel to HWH International Inc. and Lucosky Brookman LLP acted as legal counsel to D. Boral Capital LLC.
The offering of the securities described above was offered by the Company pursuant to an effective registration statement on Form S-1 (File No. 333-282567) filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on December 19, 2024, and the accompanying prospectus contained therein.
The offering was made only by means of a prospectus supplement and accompanying prospectus. A final prospectus supplement describing the terms of the public offering was filed with the SEC and forms a part of the effective registration statement.
Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting D. Boral Capital LLC Attention: Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at syndicate@dboralcapital.com, or by telephone at (212) 970-5150.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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 registration or qualification under the securities laws of any such state or jurisdiction.
About HWH International Inc.
HWH International Inc. is a purpose-driven lifestyle company encompassing differentiated offerings from four core pillars: Hapi Marketplace, Hapi Cafe, Hapi Travel and Hapi Wealth Builder. The Company develops new pathways to help people in their pursuit of Health, Wealth and Happiness.
Forward Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. 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 other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov .
Given these uncertainties, you should not place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We do not undertake any obligation to update any such statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments.
Contact Us:
D. Boral Capital
590 Madison Avenue, 39th Floor
New York, NY 10022
Main Phone: +1 (212) 970-5150
www.dboralcapital.com
info@dboralcapital.com
FAQ**
What specific initiatives does HWH International Inc. HWH plan to implement using the proceeds from the recent public offering, and how do these align with its core pillars?
Can HWH International Inc. HWH provide more detailed information on the anticipated risks associated with its future operations and how it plans to mitigate them?
How does the recent offering impact HWH International Inc. HWH's capital structure and financial strategy moving forward?
What are the expected timelines for the planned developments within HWH International Inc. HWH’s four core pillars following this funding round?
**MWN-AI FAQ is based on asking OpenAI questions about HWH International Inc Com (NASDAQ: HWH).
NASDAQ: HWH
HWH Trading
2.93% G/L:
$1.05 Last:
11,964 Volume:
$1.04 Open:
