TRT · Trio-Tech International

Trio-Tech International executed a registered direct offering through a securities purchase agreement dated April 24, 2026, selling 1,052,632 shares of its no par value common stock to institutional purchasers at $9.50 per share. The transaction closed on April 27, 2026, generating approximately $10 million in gross proceeds prior to deducting placement agent commissions and offering expenses. D. Boral Capital LLC served as the exclusive placement agent on a reasonable best efforts basis, earning a 4.5% cash fee on gross proceeds. This financing was conducted under an effective shelf registration statement (No. 333-291219, effective December 16, 2025), utilizing a base prospectus and April 24, 2026 prospectus supplement. The company plans to deploy net proceeds toward working capital and general corporate purposes, enhancing liquidity for operations. Both the Purchase Agreement (Exhibit 10.1) and Placement Agent Agreement (Exhibit 1.1) include standard representations, warranties, indemnification, and closing conditions, with a legal opinion from Disclosure Law Group (Exhibit 5.1) confirming the shares' validity. A press release (Exhibit 99.1) announced the pricing, underscoring the offering's role in supporting growth amid AI and automotive market opportunities as noted in the release.