SOLOWIN HOLDINGS secures up to $100M financing from Streeterville Capital

SOLOWIN HOLDINGS (NASDAQ: AXG) entered into a securities purchase agreement with Streeterville Capital, LLC for up to $100 million in financing to support its digital asset operations, according to a company statement.

The financial technology company completed an initial pre-paid purchase of approximately $5.415 million before deducting original issue discount and transaction expenses. Additional purchases may be made with mutual consent between the parties.

The company stated the proceeds will primarily fund expansion of its stablecoin and asset tokenization businesses, advance research and development in artificial intelligence and blockchain security technologies, and support global market expansion.

Under the agreement, AXG will issue and sell one or more pre-paid purchases for class A ordinary shares with an aggregate purchase price of up to $100 million. The company filed details of the transaction in Form 6-K and related Prospectus Supplement on Form 424B5 with the U.S. Securities and Exchange Commission on February 9.

"This collaboration with Streeterville provides AXG with solid capital support and demonstrates the market's recognition of our compliance capabilities and stablecoin strategy," said Peter Lok, Chief Executive Officer.

Founded in 2016, AXG operates as a digital currency payments and asset tokenization firm through subsidiaries including Solomon JFZ (Asia) Holdings Limited, which holds a Hong Kong Securities and Futures Commission license. The company provides stablecoin payments, corporate treasury services, and tokenization services across multiple jurisdictions.

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