YY GROUP raises $20M through completed ATM equity offering

YY Group Holding Limited (NASDAQ: YYGH) announced the completion of its at-the-market equity offering program, raising $20 million in gross proceeds, according to a press release dated June 16, 2026.

The company fully utilized the maximum aggregate offering capacity under the ATM program, which was established pursuant to a prospectus supplement dated February 27, 2026, with Spartan Capital Securities, LLC as lead sales agent and Wilson-Davis & Co., Inc. as additional sales agent. After deducting a sales agents' commission of 3.75% and estimated offering expenses, YY Group received net proceeds of approximately $19.1 million. No further share sales will be made under the program.

The Singapore-headquartered company said it intends to use a portion of the proceeds to retire outstanding short-term business loans. The remaining funds are planned for investment in its AI-native workforce management platform, regional integrated facility management services, AI software, physical AI training data factories, robotics initiatives, and potential acquisitions or strategic investments in complementary technologies.

CEO Mike Fu stated, "The successful and full utilization of this US$20 million ATM program marks a pivotal point for YY Group's capital structure. With this capital fully secured, the program is concluded, removing any further market equity issuance under this facility."

You May Also Be Interested In

• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ
• Comfort Systems USA names new COO and Chief Strategy Officer
• KeyCorp (KEY) files for 158.72M share offering by selling stockholders