Chaince Securities, LLC to Serve as Exclusive Sales Agent for Top Wealth Group Holding Limited’s (NASDAQ: TWG) US$200 Million At-the-Market Offering Program
New York, NY, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Chaince Securities, LLC (“Chaince”), a FINRA-registered broker-dealer and wholly owned subsidiary of Chaince Digital Holdings Inc. (NASDAQ: CD), today announced that it has been engaged as the exclusive sales agent for the at-the-market (“ATM”) equity offering program of Top Wealth Group Holding Limited (NASDAQ: TWG) (“Top Wealth” or the “Company”), a company that specializes in supplying premium-class sturgeon caviar and related products including premium grade wines. The engagement is made pursuant to an At the Market Sales Agreement dated September 8, 2026 (the “Sales Agreement”), under which the Company may offer and sell, from time to time, Class A ordinary shares having an aggregate offering price of up to US$200 million through Chaince.
Under the Sales Agreement, sales of Class A ordinary shares of the Company, if any, may be made by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended, including sales made directly on the Nasdaq Capital Market. Sales, if any, will be made at prevailing market prices, and the timing and volume of any sales will be determined by the Company at its sole discretion, subject to the terms of the Sales Agreement. Chaince will use commercially reasonable efforts, consistent with its normal trading and sales practices, to sell the shares in accordance with the terms of the Sales Agreement. There is no minimum offering amount, and Chaince is not required to sell any specific number or dollar amount of shares. The Company intends to use the net proceeds from the ATM program, if any, as described in the prospectus supplement, for general corporate purposes, which may include business diversification and development initiatives, capital expenditures, and potential acquisitions or strategic investments in complementary businesses or technologies.
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