Fitness Champs Holdings Limited announced a $5 million public offering of 3.225 million units priced at $1.55 per unit, consisting of shares or pre-funded warrants and warrants to purchase Class A Ordinary Shares.
Key takeaways
The offering consists of 3,225,000 units at a public offering price of $1.55 per unit for gross proceeds of approximately $5 million.
Each unit includes one Class A ordinary share (or pre-funded warrant) and one warrant to purchase one share at $2.635.
The warrants are exercisable immediately and expire on the six-month anniversary of the issuance date.
Univest Securities, LLC is acting as the sole placement agent for the best-efforts offering.
Net proceeds are intended for business expansion, general working capital, and other general corporate purposes.
The offering is expected to close on or about April 20, 2026, subject to customary closing conditions.