Solowin Holdings, Ltd. (AXG) Form 424B5 — Oct 22, 2026
Solowin Holdings filed a 424B5 establishing a $50 million at-the-market equity program through Chaince Securities, dated October 22, 2026, with shares sold at market prices on Nasdaq under the symbol AXG. The last closing price was $0.0850, and full utilization would require roughly 588 million new Class A shares versus 181.5 million currently outstanding — dilution in excess of 300%. Proceeds are earmarked for repaying about $1 million of September 2026 convertible notes, up to $14 million for working capital, up to $20 million for stablecoin and payment infrastructure, and up to $15 million for acquisitions and marketing. The agent receives a 3.0% cash fee plus a 1.0% expense allowance.
Key figures
- Revenue
- 28050000
- Total Debt
- 7452000
- Revenue Yoy
- nearly tenfold growth from $2.82 million (FY ended March 31, 2026)
- Cash Position
- 16804000
- Gross Proceeds
- 50000000
- Offering Price
- 0.085
- Shares Offered
- up to 588,235,294 Class A Ordinary Shares at assumed $0.085
- Shares Outstanding
- 181,529,461 Class A and 31,371,599 Class B Ordinary Shares pre-offering
- Expense allowance
- 1.0% of gross proceeds
- Reverse split ratio
- 1-for-200 (effective expected October 29, 2026)
- Atm termination date
- September 26, 2027
- Sales agent cash fee
- 3.0% of gross proceeds
- September 2026 notes
- $425,000 each to two institutional investors, $1.00 conversion price
- Closing price october 21 2026
- 0.085
- Assumed dilution to new investors
- -$0.0075 per share
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.