AiRWA Inc. (Nasdaq: YYAI), a technology licensing company developing a next-generation RWA-focused exchange for the trading of tokenized U.S. equities, announced the successful closing of a registered direct offering resulting in aggregate gross proceeds of approximately $15.7 million, before placement agent fees and offering expenses.
The offering consisted of 15,382,378 shares of common stock priced at $1.02 per share.
Net proceeds from the offering are expected to be used to support a previously announced joint venture, potential corporate acquisitions, and for general corporate and working capital purposes.
A.G.P./Alliance Global Partners acted as the sole placement agent for the offering. Lucosky Brookman LLP acted as counsel to AiRWA Inc. in connection with the transaction.
