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In addition to the successful listing of Garden Stage Limited (NASDAQ: GSIW) (“Garden Stage”) on the Nasdaq Capital Market on 1 December 2023, Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Garden Stage in the closing of a registered direct offering of 35,553,820 Ordinary Shares and 2,862,525 Ordinary Shares issuable upon exercise of pre-funded warrants, priced at US$0.11 per share. The aggregate gross proceeds from the registered direct offering was US$4.26 million.
Garden Stage through its wholly-owned operating subsidiaries, are licensed to conduct Type 1(dealing in securities) regulated activities, Type 4 (Advising on Securities) regulated activities and Type 9 (Asset Management) regulated activities under the Securities and Future Ordinance. Those operating subsidiaries are Hong Kong-based financial services providers principally engaged in the provision of (i) placing and underwriting services; (ii) securities dealing and brokerage services; and (iii) asset management services.
Our Partners, Hank Lo, Gordon Tsang, and Senior Associate Gary Kwok, acted as the Hong Kong legal counsel for Garden Stage in the registered direct offering.
Please contact Hank Lo or Gordon Tsang for any enquiries or further information about this transaction.