Spartan Capital Securities, LLC, a premier investment banking firm, today announced that YY Group Holding Limited (NASDAQ: YYGH) has entered into a sales agreement under which Spartan Capital Securities will act as the Company’s sales agent for an at-the-market equity offering program.
Under the sales agreement, YY Group Holding Limited may offer and sell shares of its Class A ordinary shares with aggregate gross proceeds of up to $20,000,000. Shares may be sold from time to time through ordinary brokers’ transactions on The Nasdaq Capital Market, or at prevailing market prices, providing the Company with flexible access to capital aligned with its strategic initiatives. Wilson-Davis & Co., Inc. is serving as an additional sales agent.
YY Group Holding Limited is a Singapore-headquartered, technology-enabled platform providing flexible, scalable workforce solutions and integrated facilities management services across Asia and beyond. The Company disclosed that it intends to use a portion of the net proceeds to satisfy certain outstanding debt obligations, with additional proceeds expected to support business diversification initiatives, capital expenditures, and general corporate purposes.
“YY Group continues to expand its platform for technology-enabled workforce solutions and integrated facility management services,” said John Lowry, CEO of Spartan Capital Securities, LLC. “We value the opportunity to support the Company through an at-the-market program designed to provide flexibility as it advances its growth objectives.”
Kenneth Schlesinger, Spencer Feldman and Zachary Freedman of Olshan Frome Wolosky LLP served as counsel to Spartan Capital Securities, LLC. Grace Bai of Ortoli Rosenstadt LLP served as counsel to the issuer.
For additional details, please refer to the Company’s filings with the U.S. Securities and Exchange Commission, available at: www.sec.gov.
The shares offered under the at-the-market program are issued pursuant to an effective shelf registration statement on Form F-3 (File No. 333-286705) filed with, and declared effective by, the Securities and Exchange Commission on April 30, 2025.
This press release is provided for informational purposes in connection with securities offered pursuant to applicable registration and qualification under securities laws.
