TIAN RUIXIANG Holdings Announces Pricing of $3 Million Registered Direct Offering of Ordinary Shares

Core Points - TIAN RUIXIANG Holdings Ltd. has entered into a securities purchase agreement for the sale of 2,000,000 Class A ordinary shares and warrants to purchase an additional 4,000,000 shares at a price of $1.50 per share, resulting in gross proceeds of approximately $3 million [1][2] - The warrants will have an exercise price of $1.50 per share, are exercisable immediately upon issuance, and will expire five years after the initial exercise date [1] - The closing of the offering is expected around October 14, 2025, subject to customary closing conditions [1] Use of Proceeds - The net proceeds from the offering will be used for working capital and general corporate purposes [2] Regulatory Information - The offering is made pursuant to a registration statement on Form F-3, which was declared effective by the SEC on May 31, 2023 [3] - A final prospectus supplement and accompanying prospectus will be filed with the SEC and will be available on the SEC's website [3] Company Overview - TIAN RUIXIANG Holdings Ltd. is an insurance broker based in Beijing, China, distributing a variety of insurance products, including property and casualty insurance and other types such as health and life insurance [5]