Masonglory raises $1M via private placement to expand Austrian stake

Masonglory Limited (Nasdaq: MSGY), a Hong Kong-based wet trades subcontractor, announced it entered into a securities purchase agreement on September 25, 2026, with four investors to raise approximately $1.0 million through a private placement.

Under the agreement, the four purchasers will collectively acquire 667,000 Class A ordinary shares at $1.50 per share, generating gross proceeds of $1,000,500 before offering expenses.

Each purchaser will also receive, at no additional cost, two series of warrants at closing. A Series A warrant allows the purchase of up to 166,750 Class A ordinary shares at $1.30 per share, and a Series B warrant allows the purchase of up to 166,750 Class A ordinary shares at $1.10 per share. Both warrant series are exercisable immediately upon issuance and carry a two-year term.

The company said it intends to use the net proceeds to fund the continued acquisition of equity interests in Beta Beteiligungs und Besitz GmbH, an Austrian private limited liability company engaged in the trading and distribution of construction materials, including bathtubs, hot tubs, and swim spas, in Continental Europe.

Masonglory previously announced on August 13, 2026, that it had entered into a share swap agreement to acquire a 20% equity interest in the Austrian company. The company stated that negotiations over the percentage of additional equity interests to be acquired and the related consideration are ongoing, and no definitive agreement has been reached as of the date of the announcement.

The shares and warrants are being issued in an offshore transaction without registration under the Securities Act of 1933, relying on applicable exemptions, and will be classified as restricted securities. Each purchaser has represented that it is not affiliated with the company or any of its directors or officers.

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