Alpha technology group limited announces exercise of the underwriter's over-allotment option

Hong kong, nov. 21, 2023 (globe newswire) -- alpha technology group limited (nasdaq: atgl) (the “company” or “alpha”), an established cloud-based it solution service provider in hong kong, today announced that prime number capital llc, as underwriter of the company's initial public offering (the “offering”), has fully exercised the over-allotment option (the “option”) to purchase an additional 262,500 ordinary shares at the public offering price of $4.00 per share. as a result, the company has raised gross proceeds of $1,050,000, in addition to the previously gross proceeds of approximately $7,000,000, before deducting underwriting discounts and offering expenses, already received in the offering.
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