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SINGAPORE - YY Group Holding Limited (NASDAQ:YYGH) announced today the pricing of a registered offering of 6,666,668 ordinary shares at $0.60 per share, along with warrants to purchase 10,000,002 additional ordinary shares at an exercise price of $0.80 per share. The offering comes as the company’s stock trades near its 52-week low of $0.76, having declined over 43% in the past week, according to InvestingPro data.
The Singapore-based company, which provides workforce solutions and integrated facility management services, expects to generate approximately $4.0 million in gross proceeds from the offering, before deducting expenses and assuming no exercise of the warrants. With a current market capitalization of $35.71 million and trailing twelve-month revenue of $41.1 million, the company maintains a healthy current ratio of 1.69, indicating sufficient liquidity to meet short-term obligations.
According to the company’s press release statement, the offering is expected to close on or about Thursday, subject to customary closing conditions. FT Global Capital, Inc. is serving as the exclusive placement agent for the transaction.
The proceeds will be used for working capital and general corporate purposes, the company said.
The offering is being conducted under YY Group’s shelf registration statement on Form F-3, which was filed with the U.S. Securities and Exchange Commission on April 23, 2025, and declared effective on April 30, 2025.
YY Group Holding Limited operates primarily through two business segments: on-demand staffing and integrated facility management. The company provides services to industries including hospitality, logistics, retail, and healthcare across several markets in Asia and beyond. InvestingPro analysis reveals the company operates with relatively thin gross profit margins of 12.79%. Subscribers can access 10+ additional ProTips and detailed financial metrics to better understand YYGH’s market position and growth potential.
The warrants issued as part of the offering will have a term of 3.5 years.
In other recent news, YY Group Holding Limited has announced the acquisition of Singapore’s Pesticide Pest Control Pte. Ltd., which will be rebranded as Pest Fighter Management Pte. Ltd. This acquisition expands YY Group’s integrated facility management platform by adding pest control services to its existing offerings, which include cleaning, landscaping, maintenance, and security. Additionally, YY Group has launched a robotics initiative aimed at enhancing service delivery across its core service lines. The initiative will integrate robotic solutions in hospitality, cleaning, security, and façade maintenance, with robotic runners and autonomous cleaners being deployed for various tasks.
The company is also incorporating regulated stablecoin payments into its gig worker platform to facilitate faster and more cost-effective transactions. This move is expected to open new fintech revenue opportunities by tapping into the growing stablecoin market. Furthermore, YY Group has designated its dual-engine artificial intelligence algorithm as a core strategic asset, focusing on enhancing operational efficiency and launching an AI-powered recruitment platform. Lastly, B2i Digital has named YY Group as a featured company to boost its visibility among investors interested in gig economy platforms and facility management solutions.
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