Workflow
Ownership and Operation of Restaurants
icon
Search documents
Tryhard Holdings Limited Enters into $25.0 Million Equity Purchase Facility
Globenewswire· 2026-01-14 13:30
Core Insights - TryHard Holdings Limited has entered into an Equity Purchase Agreement with Summer Explorer Investments Limited, allowing the latter to purchase up to $25 million of TryHard's Class A ordinary shares over a 12-month period [1][2] - The Company will issue 17,000 ordinary shares to Summer Explorer as part of the agreement [2] - A related Registration Rights Agreement has been established, requiring the Company to submit a registration statement to the SEC for the resale of the shares involved in the transaction [4] Group 1: Equity Purchase Agreement - The Equity Purchase Agreement grants TryHard the right, but not the obligation, to sell shares to Summer Explorer, who is obligated to purchase them under certain conditions [2][6] - The agreement includes customary representations and warranties, establishing the legal relationship between TryHard and Summer Explorer [6] Group 2: Registration Rights Agreement - The Registration Rights Agreement mandates TryHard to file an initial registration statement with the SEC covering the resale of the Commitment Shares and Put Shares [4][5] - The Company is committed to using its best efforts to ensure the registration statement is declared effective by the SEC [4] Group 3: Company Overview - TryHard Holdings Limited is a lifestyle entertainment company in Japan, focusing on event curation, consultancy, management services, sub-leasing of entertainment venues, and restaurant operations [1][8] - The Company aims to redefine the entertainment landscape by integrating creativity, technology, and hospitality expertise [9]
TryHard Holdings Limited Announces Closing of Initial Public Offering
Globenewswire· 2025-08-29 16:05
Core Viewpoint - TryHard Holdings Limited has successfully completed its initial public offering, raising approximately $7 million through the sale of 1,525,000 ordinary shares at a price of $4.00 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol "THH" [1][3]. Group 1: Offering Details - The offering included 1,067,500 shares from the company and 457,500 shares from selling shareholders, with the company not receiving proceeds from the latter [1]. - Underwriters were granted a 45-day option to purchase an additional 228,750 shares to cover over-allotments, which was fully exercised [2]. - The company received net proceeds of approximately $2.7 million after deducting discounts and expenses, which includes proceeds from the over-allotment option [3]. Group 2: Use of Proceeds - The proceeds from the offering are intended for business development and marketing, strategic acquisitions or joint ventures, and general corporate purposes [3]. Group 3: Company Overview - TryHard Holdings Limited is a lifestyle entertainment company in Japan, focusing on event curation, consultancy and management services, sub-leasing of entertainment venues, and restaurant operations [7]. - The company aims to redefine the entertainment landscape by merging creativity, technology, and hospitality expertise, with a commitment to innovation and customer satisfaction [8].
TryHard Holdings Limited Announces Pricing of Initial Public Offering
Globenewswire· 2025-08-28 08:21
Core Viewpoint - TryHard Holdings Limited, a lifestyle entertainment company in Japan, has announced its initial public offering (IPO) pricing at $4.00 per share, aiming to raise approximately $6.1 million before expenses [1][2]. Group 1: Offering Details - The IPO consists of 1,525,000 ordinary shares, with 1,067,500 shares offered by the company and 457,500 shares by selling shareholders [1]. - The offering is expected to close on August 29, 2025, subject to customary closing conditions [1]. - The underwriters have a 45-day option to purchase up to 228,750 additional shares to cover over-allotments [1]. Group 2: Use of Proceeds - The company plans to utilize the proceeds for business development and marketing, strategic acquisitions or joint ventures, and general corporate purposes [2]. Group 3: Company Overview - TryHard Holdings Limited focuses on event curation, consultancy and management services, sub-leasing of entertainment venues, and restaurant operations [6]. - The company aims to redefine the entertainment landscape in Japan by merging creativity, technology, and hospitality expertise [7].