Core Insights - Prestige Wealth Inc. plans to change its name to Aurelion Inc. after approval and is raising $100 million through a private placement and $50 million in senior debt financing led by Antalpha [1] - The Aurelion Treasury will be fully denominated in Tether Gold (XAUt) to enhance resilience and transparency [1][2] Investment Details - Antalpha is investing approximately $43 million in Aurelion's PIPE financing, acquiring controlling voting rights [1][5] - Other qualified investors include Kiara Capital, contributing $6 million, and Tether, contributing $15 million [5] - Post-transaction, Antalpha will hold about 32.4% of Aurelion's shares, representing 73.1% of voting rights [5] Strategic Rationale - The investment marks a new phase for Antalpha's Reserve 2.0 strategy, focusing on scaling Tether Gold (XAUt) reserves through institutional-grade infrastructure and governance [3] - Gold has historically provided a hedge against macroeconomic volatility and political uncertainty, reinforcing the value of blockchain-based gold [3][4] Tether Gold Overview - Tether Gold (XAUt) is backed by 100% physical gold and has accumulated approximately 7 tons of gold since its launch in 2020, ensuring institutional-level transparency and liquidity [4][10] - Aurelion aims to use Tether Gold as its sole treasury asset to stabilize volatility and enhance collateral resilience [4] Future Plans - Antalpha plans to enhance the liquidity and service offerings of Tether Gold through the Antalpha RWA Hub [2][11] - Aurelion will continue to engage in wealth and asset management services while leveraging the stability of physical gold [9]

Core Insights - The top five Chinese concept stocks that saw the highest closing gains include YSXT, JFU, YGMZ, PWM, and SKBL, with significant percentage increases ranging from 11.51% to 21.36% [1] Group 1: Stock Performance - YSXT (益盛鑫科技) closed at 2.500, with a gain of 21.36%, increasing by 0.440, and a trading volume of 2.8447 million [1] - JFU (玖富) closed at 5.030, with a gain of 19.76%, increasing by 0.830, and a trading volume of 1.9107 million [1] - YGMZ (明珠货运) closed at 1.0000, with a gain of 19.08%, increasing by 0.1602, and a trading volume of 0.4572 million [1] - PWM (盛德财富) closed at 1.170, with a gain of 12.50%, increasing by 0.130, and a trading volume of 71.0018 million [1] - SKBL (天际线建筑集团) closed at 3.100, with a gain of 11.51%, increasing by 0.320, and a trading volume of 0.31729 million [1]

Core Viewpoint - Prestige Wealth Inc. plans to be renamed Aurelion Inc. and will focus on Tether Gold (XAU₮) as its sole treasury reserve, aiming to enhance liquidity and stability in the digital asset space [1][11]. Investment and Financial Structure - Antalpha invested approximately $43 million in a $100 million private placement (PIPE) for Aurelion, acquiring controlling voting rights [1][7]. - The investment includes participation from accredited investors such as Tether and Kiara Capital, with Tether contributing $15 million and Kiara Capital $6 million [7]. - Following the transaction, Antalpha holds approximately 32.4% of Aurelion's shares and 73.1% of the voting rights [7]. Strategic Initiatives - Aurelion will anchor its treasury exclusively in Tether Gold (XAU₮), which is 100% physically backed and redeemable for gold stored in Switzerland [6][11]. - The initiative aims to provide a safe haven against inflation, currency devaluation, and crypto volatility, enhancing collateral resilience [3][6]. - Antalpha's Reserve 2.0 strategy builds on previous investments in Tether Gold, aiming to scale reserves with institutional infrastructure and governance [4]. Market Context - Gold has historically served as a benchmark of value and a hedge against macroeconomic volatility, making it a strategic asset in the digital economy [5]. - Tether Gold (XAU₮) has acquired approximately 7 tons of gold since its launch in 2020, ensuring institutional-grade transparency and liquidity [6]. Future Outlook - Aurelion aims to continue fundraising to purchase additional Tether Gold, which is expected to provide stability and smoother operations [7]. - The company will also maintain its wealth management and asset management services alongside its new focus on tokenized gold [11].

Exhibit 99.1 | | Page | | --- | --- | | Prestige Wealth Inc. Unaudited Interim Condensed Consolidated Financial Statements | | | Condensed Consolidated Balance Sheets as of March 31, 2025 and September 30, 2024 | F-2 | | Condensed Consolidated Statements of Income and Comprehensive Income for the six months ended March 31, 2025 | F-3 | | and 2024 | | | Condensed Consolidated Statements of Changes in Shareholders' Equity for the six months ended March 31, 2025 and | F-4 | | 2024 | | | Condensed Consolidated ...

Core Viewpoint - Prestige Wealth Inc. reported significant financial challenges in the first half of fiscal year 2025, with a drastic decline in net revenues and a substantial increase in operational losses, while also highlighting strategic acquisitions aimed at enhancing its technology-driven wealth management services [2][3][4]. Financial Performance - Net revenues for the six months ended March 31, 2025, were $287, a decrease of 99.94% from $497,629 in the same period of 2024 [3][4]. - The company reported a net loss of $3,635,088 for the first half of fiscal year 2025, compared to a net loss of $503,429 in the same period of 2024, marking an increase in losses of 622.07% [3][9]. - Loss from operations was $3,715,893, significantly higher than the loss of $608,000 reported in the previous year, reflecting an increase of 511.17% [3][7]. Operational Costs - Operating costs and expenses rose to $3,716,180 in the first half of fiscal year 2025, up 236.11% from $1,105,629 in the same period of 2024, primarily due to increased selling, general, and administrative expenses [3][6]. Revenue Breakdown - Revenue from wealth management services was $287, down from $11,685 in the previous year, primarily due to a decrease in referral cases [4][26]. - Asset management services generated no revenue in the first half of fiscal year 2025, a significant drop from $485,944 in the same period of 2024, as the company ceased its asset management operations in August 2024 [4][5]. Cash Flow and Financing - Net cash used in operating activities was $82,884, a decrease from $2,995,580 in the same period of 2024, mainly due to reduced prepayments [12]. - The company raised approximately $7,500,000 through a private placement in August 2025, indicating improved financing capabilities post-IPO [17]. Strategic Developments - The company completed acquisitions of Wealth AI, InnoSphere Tech, and Tokyo Bay, aiming to enhance its technology-driven wealth management services [2]. - The strategic focus is on leveraging technology to innovate within the wealth management sector, which is expected to drive future growth [2][5].

Company Overview - Prestige Wealth Inc. is a wealth management and asset management services provider based in Hong Kong, focusing on high-net-worth and ultra-high-net-worth clients in Asia [3] - The company assists clients in identifying and purchasing well-matched wealth management products and global asset management products, offering customized services and tailored value-added services [3] Business Address Change - The company announced a change in its business and mailing address to Office Unit 6620B, 66/F, The Center, 99 Queen's Road Central, Central, Hong Kong, effective March 27, 2025 [1] - The new location is believed to provide a conducive environment for maintaining high standards of excellence and customer satisfaction, enhancing operations, and better serving clients and partners [2]

Core Viewpoint - Prestige Wealth Inc. has launched an AI-powered financial news intelligence agent through its subsidiary InnoSphere Tech Inc., aimed at enhancing market information delivery and sentiment analysis capabilities [1][2]. Company Overview - Prestige Wealth Inc. is a wealth management and asset management services provider based in Hong Kong [1]. - InnoSphere Tech Inc. is a wholly owned AI fintech subsidiary of Prestige Wealth Inc. [3]. Product Features - The AI financial news intelligence agent integrates advanced natural language processing technology with real-time market monitoring [2]. - It offers features such as personalized news push, intelligent summarization, sentiment analysis, and market impact forecasting [2]. - The system incorporates top-tier large language models like ChatGPT and LLaMA3, along with a proprietary financial knowledge base [3].

Core Insights - Prestige Wealth Inc. has announced a significant upgrade to its AI fintech subsidiary, InnoSphere Tech Inc., through the integration of DeepSeek, an advanced AI technology [1] - The integration includes top-tier large language models such as ChatGPT and LLaMA3, combined with real-time market data and a proprietary financial knowledge base [1] - This initiative aims to enhance the efficiency and productivity of fintech solutions for global clients [1] Company Developments - InnoSphere Tech Inc. is a wholly owned subsidiary of Prestige Wealth Inc. focused on AI fintech services [1] - The upgrade is part of a broader strategy to develop next-generation AI-powered fintech systems [1] - The integration of advanced AI technologies is expected to drive operational efficiency within the company [1]

Financial Reporting and Internal Controls - As of September 30, 2024, the company has engaged a qualified financial and accounting advisory team to improve internal control over financial reporting[129] - The effectiveness of internal controls is crucial to prevent fraud, and weaknesses may adversely affect the company's financial condition and share price[131] - Increased costs are anticipated as a result of being a public company, particularly after ceasing to qualify as an "emerging growth company"[147] - The Group's financial statements have been prepared on a "going concern" basis, indicating reliance on the successful commercialization of current services to achieve profitability[178] Compliance and Regulatory Risks - The company is exempt from certain Nasdaq corporate governance standards as a foreign private issuer, which may afford less protection to investors[134] - If the company fails to meet Nasdaq listing requirements, it could face delisting, negatively impacting share price and liquidity[135] - The company received a notification from Nasdaq on July 23, 2024, regarding non-compliance with the minimum bid price requirement, as the closing bid price was below $1.00 for 30 consecutive business days[170] - The company regained compliance with the minimum bid price requirement on December 18, 2024, with the closing bid price being $1.00 or greater for more than ten consecutive business days[170] - The company may face delisting risks if it fails to meet Nasdaq's continued listing standards, which could adversely affect liquidity and market price[168] - The company is subject to the Holding Foreign Companies Accountable Act (HFCAA), which could impact its ability to access U.S. capital markets if audit documentation cannot be inspected[154] - The PCAOB has determined it can inspect registered public accounting firms in mainland China and Hong Kong, but future access could be obstructed by PRC authorities[163] - The company may be affected by legislative changes that could reduce the time frame for delisting if its auditor is not subject to PCAOB inspections for two consecutive years[159] Market and Shareholder Considerations - The company qualifies as an "emerging growth company," allowing it to take advantage of reduced disclosure requirements, which may affect investor attractiveness[144] - The market price of the company's Class A Ordinary Shares may be volatile, influenced by various factors including market fluctuations unrelated to the company's performance[174] - The company’s Class A Ordinary Shares may be thinly traded, leading to potential difficulties in selling shares at desired prices[167] - The dual-class share structure allows Class B shareholders 20 votes per share compared to 1 vote for Class A, potentially limiting influence on corporate matters[179] - The potential conversion of Class B shares into Class A shares may have a dilutive effect on existing Class A shareholders, affecting market price[180] - The trading market for the company's Ordinary Shares may decline if analysts do not publish research or issue negative reports[173] Operational and Financial Risks - The company faces risks related to acquisitions, including management distraction and difficulties in retaining key employees and customers[130] - The Group limits credit risk by transacting with broker-dealers, banks, and regulated exchanges that have high credit ratings[644] - Liquidity risk is managed by monitoring liquid capital and maintaining adequate cash and bank balances to finance operations[646] - Interest rate risk is considered minimal as cash held with banks is short-term, with terms less than one month[647] - Inflation has not had a material impact on the Group's results of operations in recent years[648] - The Group may require additional financing to fund ongoing operations and expected business plans[178] - The Group's operations may be influenced by fluctuations in quarterly results and changes in financial estimates by analysts[177]

Financial Performance - Net revenues for the six months ended March 31, 2024, were $497,629, representing a 59.01% increase from $312,964 in the same period of fiscal year 2023[3] - The loss from operations was $608,000, a significant decline from an income of $1,093 in the same period of fiscal year 2023[6] - Net loss for the six months ended March 31, 2024, was $503,429, compared to a net income of $25,560 in the same period of fiscal year 2023[8] - Total net revenue for the six months ended March 31, 2024, was $497,629, compared to $312,964 for the same period in 2023, representing a 59% increase[24] - The company reported a net loss of $503,429 for the six months ended March 31, 2024, compared to a net income of $25,560 in 2023[24] - Total comprehensive loss for the period was $502,748 in 2024, compared to a comprehensive income of $31,576 in 2023[24] Operating Costs - Operating costs and expenses surged to $1,105,629, a 254.51% increase from $311,871 in the prior year, primarily due to higher wages, depreciation, and audit fees[5] - Selling, general and administrative expenses surged to $1,105,629 in 2024, up from $311,871 in 2023, indicating a 254% increase[24] Revenue Breakdown - Net revenue from wealth management services decreased to $11,685, down from $74,875 in the prior year, attributed to fewer referral cases[9] - Net revenue from asset management services increased to $485,944, up from $238,089, driven by new client advisory services[9] - Advisory service fees increased significantly to $459,974 in 2024 from $212,486 in 2023, marking a 116% growth[24] Share Performance - Basic and diluted loss per share was $0.055, compared to earnings per share of $0.003 in the same period of fiscal year 2023[10] - Basic and diluted loss per ordinary share was $0.055 in 2024, compared to earnings of $0.003 in 2023[24] - The weighted average number of ordinary shares outstanding increased to 9,150,000 in 2024 from 8,000,000 in 2023[24] Cash and Other Income - As of March 31, 2024, cash and cash equivalents decreased to $294,548 from $431,307 as of September 30, 2023[11] - Other income for the six months ended March 31, 2024, was $118,580, compared to $3,335 in 2023[24] Acquisitions - The company completed the acquisition of SPW Global Inc. and its subsidiary Wealth AI, enhancing its technology-driven wealth management capabilities[16] - The company also acquired InnoSphere Tech Inc. and Tokyo Bay Management Inc., expanding its data collection and wealth management services in the Asia-Pacific region[17][18] Foreign Currency Impact - The foreign currency translation adjustment resulted in a gain of $681 in 2024, down from a gain of $6,016 in 2023[24]