HWH International shares surge 19.91% intraday after closing $1.76M public offering at $0.40 per share.

HWH International surged 19.91% intraday after announcing the closing of a $1.76 million public offering at $0.40 per share, a price described as fair market value by Polygon.io. The capital raise, facilitated by D. Boral Capital as placement agent, likely boosted investor confidence by addressing liquidity needs and signaling operational stability. This event aligns with the stock’s sharp intraday rally, as the offering provides immediate funds for strategic initiatives, including its Hapi Wealth Program and robotics collaborations disclosed in prior months. Other recent developments, such as a reverse stock split and joint ventures, lack direct linkage to the magnitude of the price movement.