05:55 PM EDT, 10/08/2024 (MT Newswires) -- Solowin Holdings ( SWIN ) filed a shelf registration statement with the US Securities and Exchange Commission Tuesday covering the potential sale of up to $200 million of securities from time to time in one or more offerings.

The statement covers ordinary and preferred shares, debt securities, warrants, rights and units.

Net proceeds from any sale of the securities will be used for general corporate purposes, including working capital, capital expenditures, debt repayment, or acquisitions, Solowin ( SWIN ) added.

Additionally, the company said a selling shareholder is also reselling nearly 3 million ordinary shares. Solowin ( SWIN ) said it will not receive any proceeds from sales of the ordinary shares by the shareholder.

Shares of Solowin Holdings ( SWIN ) were down nearly 3% in after-hours trading.

Price: 2.9000, Change: -0.08, Percent Change: -2.68