Hong Kong, Nov. 21, 2023 (GLOBE NEWSWIRE) — Alpha Technology Group Limited (NASDAQ: ATGL ) (the “Company” or “Alpha”), an established cloud-based IT solution service provider in Hong Kong, today announced that Prime Number Capital LLC, as underwriter for the Company’s initial public offering (the “Offering”), has fully exercised the over-allotment option (the “Option”) to purchase an additional 262,500 common shares at the public offering price of $4.00 per share. . As a result, the Company has raised gross proceeds of $1,050,000, in addition to the previous gross proceeds of approx. $7,000,000, before deducting underwriting discounts and offering expenses already received in the Offering.
Prime Number Capital LLC acted as sole bookrunner for the Offering. Hunter Taubman Fischer & Li LLC acted as US counsel for the Company and Sichenzia Ross Ference Carmel LLP acted as US counsel for the underwriter in connection with the Offering.
A registration statement on Form F-1 (File No. 333-273289) relating to the Offering, as amended, has been filed with the US Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on October 30, 2023. The Offering is being made only by means of a prospectus. The final prospectus relating to the securities being offered in the Offering was filed with the SEC on November 1, 2023. Copies of the final prospectus relating to the Offering may be obtained from Prime Number Capital LLC by email at [email protected] or by standard mail at Prime Number Capital LLC, 12 E 49th St, Floor 27, New York, NY10017. In addition, a copy of the final prospectus may also be obtained through the SEC’s website at www.sec.gov.
Before investing, you should read the prospectus and other documents that the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Alpha Technology Group Limited
Alpha Technology Group Limited is a cloud-based IT solution service provider in Hong Kong. The company applies analytical and programming capabilities, AI technologies and technological know-how to deliver comprehensive solutions designed to optimize its clients’ business performance, help them meet various industry-specific operational challenges and create new business opportunities for clients from a variety of industries. , including consulting, real estate, architectural design, parking management, electronic payment services, logistics, investment, retail, textiles, wholesale and distribution, etc. Although its subsidiaries Techlution Service Limited and Neural Sense Limited, the company provides (i) system development services, (ii) web and mobile application development services and (iii) self-developed OCR software with AI technology in order to achieve digitization of customers’ business and operations. Alpha also provides technology support, maintenance and NFT-related services such as NFT artwork creation, marketplace and NFT-related game development for customers. For more information, please visit: https://techlution.io.
Forward looking statement
This press release contains forward-looking statements. Forward-looking statements include statements about plans, goals, objectives, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical fact. When the Company uses words such as “may”, “will”, “intends”, “should”, “believes”, “expects”, “anticipates”, “projects”, “estimates” or similar expressions that do not relate solely to historical meaning something that comes with forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the company’s expectations described in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, uncertainties related to market conditions and the completion of the initial public offering on the expected terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with SEC. Among other reasons, investors are cautioned not to place undue reliance on forward-looking statements contained in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof.
For more information, please contact:
Underwriters
Prime Number Capital LLC
Email: [email protected]
investor relations
WFS Investor Relations Inc.
Janice Wang, Managing Partner
Email: [email protected]
Phone: +86 13811768599
+1 628 283 9214
