YY Group pauses equity offering, to cancel over 1 million shares
YY Group Holding Limited (NASDAQ: YYGH) announced it has instructed sales agents to pause its At-The-Market equity offering program effective immediately, according to a company statement.
The Singapore-based workforce solutions and facilities management company will cancel 1,004,107 shares of common stock that were allocated to sales agents Spartan Capital Securities, LLC and Wilson-Davis & Co., Inc. but were not offered or sold. The cancellation will reduce total outstanding shares from 4,278,935 to 3,274,828, with completion expected around April 3, 2026.
YY Group stated its current liquidity position is sufficient to support operational requirements and execute its FY2026 revenue guidance of $103 million to $110 million. The company maintains the ability to reactivate the ATM program but has no current plans to do so.
"We have the capital we need to execute our plan, and pausing the ATM reflects that assessment," said Mike Fu, Chief Executive Officer. "Our focus is on delivering against our FY2026 targets, improving our margin profile, and demonstrating the operational leverage in our business."
The ATM program allows for the sale of up to $20 million in common stock shares. No additional shares will be issued under the program while the pause remains in effect.
YY Group operates through on-demand staffing and integrated facility management services across Asia and other regions, serving industries including hospitality, logistics, retail, and healthcare. The company trades on the Nasdaq Capital Market.
