Core Viewpoint - Garden Stage Limited has entered into a definitive agreement for a registered direct offering of 38,406,345 ordinary shares at a price of $0.11 per share, expected to raise approximately $4.2 million in gross proceeds [1][2]. Group 1: Offering Details - The offering includes the option for pre-funded warrants at the same price, with an exercise price of $0.001 per share [1]. - The transaction is anticipated to close on or about July 25, 2025, pending customary closing conditions [2]. - The offering is conducted under a shelf registration statement previously filed and declared effective by the SEC [3]. Group 2: Company Overview - Garden Stage Limited is a Hong Kong-based financial services provider engaged in placing and underwriting services, securities dealing and brokerage, asset management, and investment advisory services [5]. - The company operates through wholly-owned subsidiaries, including I Win Securities Limited and I Win Asset Management Limited, both licensed for various regulated activities under Hong Kong's SFO [5].

Key Takeaways RJF is expected to have recorded higher Q3 revenues, while earnings might have dipped year over year. Strong IB and trading activity are likely to have driven fee income in a volatile market backdrop. Non-interest expenses are likely to have risen nearly 6% due to advisor hiring and inflationary pressures.Raymond James (RJF) is scheduled to announce third-quarter fiscal 2025 (ended June 30) results on July 23, after market close. The company’s earnings are expected to have declined marginall ...