Top Wealth (TWG) said late Wednesday it entered into definitive agreements with nine non-US investors for a private investment in public equity transaction valued at $80 million.

The company issued 40 million class A ordinary shares at $2 per share, with the transaction closing on July 22.

Following the closing, Top Wealth said it has 59.58 million class A ordinary shares and 3.17 million class B ordinary shares outstanding, it added.