scalable workforce solutions and integrated facility management (IFM) services

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YY Group Announces Amendment to $4 Million Registered Direct Offering
Globenewswireยท 2025-09-11 13:26
Core Viewpoint - YY Group Holding Limited has announced an amendment to its previously announced registered direct offering, which includes the sale of Class A Ordinary shares and warrants [1][2]. Offering Details - The company will offer 9,523,812 Class A Ordinary shares and warrants to purchase up to 14,285,718 Class A Ordinary Shares at a purchase price of $0.42 per share [2]. - The warrants have an exercise price of $0.50 per share and a term of 3.5 years [2]. - Gross proceeds from the offering are expected to be approximately $4.0 million, assuming no exercise of the warrants [3]. Use of Proceeds - The net proceeds from this offering are expected to be used for working capital and general corporate purposes [3]. Closing and Regulatory Information - The offering is expected to close on or about September 11, 2025, subject to customary closing conditions [4]. - The offering is being made pursuant to the company's shelf registration statement filed with the U.S. Securities and Exchange Commission [4]. Company Overview - YY Group Holding Limited is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia and beyond [7]. - The company operates through two core verticals: on-demand staffing and integrated facility management, serving industries such as hospitality, logistics, retail, and healthcare [7]. Operational Strategy - The company leverages proprietary digital platforms and IoT-driven systems to help clients meet fluctuating labor demands and maintain high-performance environments [8]. - YY Group has a growing presence not only in Singapore and Malaysia but also across Asia, Europe, the Middle East, and other international markets including the UK, Germany, and Australia [8].