Tritech Group Plans to Raise S$3 Million, Allotting New Shares in Three Tranches with Dual Options

NewTimeSpace News: On April 2, 2026, Tritech Group disclosed that it plans to issue up to 286 million new shares in three tranches with investor Tay Tong Yee Terence, raising a total of S$3 million.

According to the announcement, each of the three tranches corresponds to S$1 million in proceeds: Tranche 1 involves a direct placement of 95.238 million shares at S$0.0105 per share; Tranche 2 grants dual options (call and put), exercisable from October 1 to October 15, 2026, involving 95.238 million shares; Tranche 3 has the same structure as Tranche 2, with an exercise window from April 1 to April 15, 2027.

The announcement stated that the net proceeds from the transaction are estimated at approximately S$2.969 million, all of which will be used for working capital purposes.

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