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Aureus Greenway Holdings , Inc. Announces Twenty Six Million Dollar Private Placement Priced At-The Market under Nasdaq Rules
GlobeNewswire News Room· 2025-07-23 19:30
Core Viewpoint - Aureus Greenway Holdings Inc. has announced a definitive securities purchase agreement for the issuance and sale of units consisting of common stock and warrants, aiming to raise approximately $26 million through a private placement [1][2]. Group 1: Offering Details - The company will issue 41,935,483 shares of common stock or pre-funded warrants, along with common warrants A and B, each allowing the purchase of the same number of shares [2]. - The price per unit for the offering is set at $0.87, with the private placement expected to close on July 25, 2025, subject to customary closing conditions [1][2]. - Each pre-funded warrant allows the holder to acquire one share of common stock at an exercise price of $0.0001, while common warrants A and B have exercise prices of $1.00 and $1.25 respectively, both valid for five years post-closing [2]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for working capital and general corporate purposes [3]. Group 3: Company Overview - Aureus Greenway Holdings Inc. operates daily fee golf country clubs in Florida, targeting a diverse demographic of both locals and tourists, thereby capturing a significant share of discretionary leisure spending [6].