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Prestige Wealth Inc. (PWI), a financial services firm with a market capitalization of $17 million, announced today that it will hold a general meeting for Class B ordinary shareholders on March 27, 2025. The meeting will be followed by an extraordinary general meeting of all shareholders. These meetings aim to address undisclosed matters pertinent to the company’s shareholders. According to InvestingPro data, the company has faced significant challenges, with its stock price declining over 65% in the past year.
The company, based in Hong Kong and incorporated in the Cayman Islands, is known for providing a range of financial services. Despite posting strong revenue growth of 83.6% over the last twelve months, InvestingPro analysis indicates the company remains unprofitable with a weak overall financial health score. As per the announcement, which was made in accordance with SEC regulations, the company has released proxy statements and proxy cards in preparation for the meetings.
The proxy statements, dated today, will be mailed to holders of Class B ordinary shares and all shareholders of the company. These documents are essential for shareholders to review the matters to be discussed and to appoint a proxy to vote on their behalf if they cannot attend the meetings in person.
The specific agenda items for the meetings have not been disclosed in the announcement. However, such meetings typically cover corporate governance issues, financial strategies, and other significant decisions that require shareholder approval.
This information is based on a press release statement and the details provided are limited to the content of the SEC filing. Shareholders of Prestige Wealth Inc. are advised to review the proxy statements for a comprehensive understanding of the matters to be discussed at the upcoming meetings.
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