Plutus Financial Group Limited (“the “Company”) (NasdaqCM: PLUT), a Hong Kong-based financial services company today announced that R.F. Lafferty & Co., Inc., who acted as lead underwriter for the Company’s underwritten initial public offering (the “IPO”), has exercised a portion of the over-allotment option and purchased an additional 150,000 ordinary shares of the Company at the IPO price of $4.00 per share. As a result, the Company has raised an additional $600,000 as result of the over-allotment, for a total of $9 million in gross proceeds, before underwriting discounts and other related expenses, through the issuance of a total of 2,250,000 ordinary shares in the IPO.
R.F. Lafferty & Co., Inc. acted as lead underwriter for the IPO offering, with Revere Securities LLC acting as co-underwriter. The Crone Law Group, P.C. served as lead counsel to the Company. Sichenzia Ross Ference Carmel LLP served as lead counsel to the underwriters with respect to the Offering.
A registration statement on Form F-1, as amended (File No. 333-276791) relating to the IPO was previously filed with the Securities and Exchange Commission (the “SEC”) by the Company and subsequently declared effective by the SEC on February 4, 2025. The IPO offering was made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the IPO offering was filed with the SEC and is available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus relating to the Offering may be obtained from R.F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, or by telephone at (212) 293-9090.
Before you invest in the Company, you should read the final prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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