Business Context and Reporting Period
This Form 6-K filing by YY Group Holding Ltd. covers the month of June 2026, specifically dated June 16, 2026. The report details the completion of an At-The-Market (ATM) equity offering program and provides updates on the company's capital structure following a reverse stock split.
Key Financial Metrics
- Gross Proceeds: Approximately US$20 million from the ATM Offering.
- Net Proceeds: Approximately US$19.1 million after deducting a 3.75% sales agent commission and other offering expenses.
- Shares Issued in Offering: 93,880,252 Class A ordinary shares (adjusted for the March 2026 reverse split).
- Shares Outstanding: 179,371,392 Class A ordinary shares as of June 16, 2026.
- Unissued Shares to be Cancelled: 83,319,747 shares.
Material Changes
The primary material change is the conclusion of the ATM facility. The Company previously paused the offering on March 30, 2026, and relaunched it on April 28, 2026. As of June 16, 2026, the Company has fully utilized the $20 million aggregate offering price limit. Additionally, the share count reflects adjustments from a 1-for-50 reverse stock split that took effect on March 23, 2026.
Outlook and Management Commentary
Management intends to use the net proceeds of approximately US$19.1 million for the following purposes:
- Paying the remaining cash portion for acquisitions completed in 2025.
- Working capital purposes.
- Business expansion in overseas markets.
No further share sales will be made under this specific ATM program as the facility has been concluded.
Investor Verification Checklist
- Verify the exact amount of cash remaining from 2025 acquisitions to be paid with these proceeds.
- Confirm the final cancellation of the 83,319,747 unissued shares with the Transfer Agent.
- Review the attached press release (Exhibit 99.1) for any additional details on the overseas expansion strategy.
- Check subsequent filings for any new capital raising initiatives given the conclusion of this ATM facility.