Intelligent Group Seeks to Sell 15M Class A Shares for Holders

Intelligent Group has filed to sell 15M Class A ordinary shares for holders. The prospectus is not an offer to sell. This filing is related to Intelligent Group Limited.

TIAN RUIXIANG Holdings Ltd. has announced a $3 million registered direct offering to institutional investors, involving the sale of 2,000,000 Class A ordinary shares along with warrants for an additional 4,000,000 shares, priced at $1.50 per share TIAN RUIXIANG Holdings Ltd. Announces $3 Million Registered Direct Offering of Class A Ordinary Shares and Warrants^[1]. This offering is expected to raise approximately $3 million in gross proceeds before fees and expenses. The warrants will be exercisable at the same price and will be valid for five years. The transaction is set to close around October 14, 2025, pending customary conditions. The company plans to use the proceeds for working capital and general corporate purposes. The offering is being conducted under an effective registration statement, and the associated prospectus will be available on the SEC's website.

The company operates as an insurance broker in China, providing a variety of insurance products. This offering could enhance the company's financial position, provide potential for additional capital through future equity financing, and increase investor confidence and interest. However, the low price of $1.50 per share may indicate undervaluation or lack of investor confidence in the company's stock value. The need to raise funds through a securities offering suggests potential liquidity issues or difficulties in generating sufficient revenue from operations. The press release contains significant forward-looking statements about the company's expectations, which may create investor uncertainty and highlight potential risks in achieving those goals.

The securities purchase agreement aims to raise approximately $3 million for working capital and general corporate purposes. The closing of the offering is expected to occur on or about October 14, 2025, subject to customary closing conditions. The offering includes 2,000,000 Class A ordinary shares along with warrants for an additional 4,000,000 shares. The warrants have an exercise price of $1.50 per share, are exercisable immediately, and expire five years following the initial exercise date. The final prospectus supplement and accompanying prospectus will be filed with the SEC and available on their website.