Financing ·
Solowin Holdings raises $1.2M in private placement of Class B shares to Chairman
AXGSolowin Holdings, Ltd.
Solowin Holdings entered into a securities purchase agreement with Gemini Asia Holdings, an entity ultimately owned by Chairman and CEO Ling Ngai Lok, to issue 1,000,000 Class B ordinary shares at $1.20 per share for gross proceeds of $1.2 million. The transaction closes around November 20, 2026, subject to customary conditions. Proceeds will fund general working capital and corporate purposes. Post-transaction, Mr. Lok controls approximately 95.17% of the company's voting power through his direct holdings and shares of voting power with a related party. Solowin Holdings operates in the investment holding sector.