Core Viewpoint - YY Group Holding Limited has entered into an At The Market Sales Agreement to offer and sell up to US$20 million of its Class A Ordinary Shares through designated sales agents [1][2]. Group 1: Offering Details - The shares will be sold at market prices through various methods, including direct sales on The Nasdaq Capital Market and privately negotiated transactions [2]. - The company is not obligated to sell any shares under the ATM Agreement and may suspend or terminate the offering at any time [2]. - Approximately $0.4 million of the net proceeds will be used to satisfy outstanding debt obligations, while additional proceeds will be allocated for general corporate purposes, including business diversification and capital expenditures [2]. Group 2: Regulatory Information - The offering is made under the company's shelf registration statement on Form F-3, which was filed with the U.S. Securities and Exchange Commission on April 23, 2025, and declared effective on April 30, 2025 [3]. Group 3: Company Overview - YY Group Holding Limited is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia and beyond [6]. - The company operates in two core verticals: on-demand staffing and integrated facility management, serving industries such as hospitality, logistics, retail, and healthcare [6]. - YY Group leverages proprietary digital platforms and IoT-driven systems to meet fluctuating labor demands and maintain high-performance environments [7].
YY Group Announces US$20 Million At-The-Market Offering Facility