Plutus Financial Group Prices Initial Public Offering “`

HONG KONG, Feb. 5, 2025 — Plutus Financial Group Limited (“the Company”) (NasdaqCM: PLUT), a Hong Kong financial services firm, announced the pricing of its initial public offering (IPO) of 2,100,000 ordinary shares at $4 per share, for gross proceeds of $8.4 million, before deducting underwriting discounts and expenses. The offering is a firm commitment. Trading of the ordinary shares under the symbol “PLUT” on Nasdaq Capital Market begins February 5, 2025.

The underwriter has a 45-day option to buy up to an additional 315,000 ordinary shares at the public offering price, less discounts and expenses. The offering is expected to close February 6, 2025, subject to standard closing conditions.

Proceeds will fund: i) development of customized software for customer service, trading, wealth management, and portfolio management; ii) increased funding for customer trading solutions, including margin trading and IPO margin financing; and iii) expansion of customer and wealth management teams.

R.F. Lafferty & Co., Inc. is the lead underwriter, with Revere Securities LLC as co-underwriter. The Crone Law Group, P.C. represents the Company. Sichenzia Ross Ference Carmel LLP is lead counsel to the underwriters.

The Company filed a registration statement on Form F-1 (File No. 333-276791) with the Securities and Exchange Commission (SEC), declared effective February 4, 2025. The offering is made solely via a prospectus, part of the registration statement. A final prospectus will be filed with the SEC and available on its website at [website address]. Electronic copies are also available from R.F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, or (212) 293-9090.

Read the final prospectus and other SEC filings before investing for complete information. This release is not an offer to sell or a solicitation of an offer to buy securities where unlawful prior to registration or qualification under securities laws.

About Plutus Financial Group Limited

Plutus Financial Group Limited is a Hong Kong financial services holding company with two wholly-owned subsidiaries: Plutus Securities Limited (“Plutus Securities”) and Plutus Asset Management Limited (“Plutus Asset Management”). Plutus Securities, a securities broker licensed by the Securities and Futures Commission of Hong Kong (SFC) and a HKEx participant, offers securities dealing and brokerage, margin financing, custody, and nominee services. Services include:

  • Hong Kong stock trading via internet, mobile app, and phone;
  • Margin financing;
  • Securities custody and nominee services;
  • Access to debt capital markets;
  • Equity capital markets services for issuers, including IPO underwriting and lead/co-managed offerings.

Plutus Asset Management, an SFC-licensed wealth management firm, provides:

  • Professional funds management;
  • Discretionary accounts based on risk tolerance and preferences;
  • Investment consulting and advisory services;
  • Investment funds (real estate, fixed income, private equity, and hedge funds).

For more information, visit [website address].

Forward-Looking Statements

Statements in this announcement that are not historical facts are forward-looking, including the proposed offering. These statements involve known and unknown risks and uncertainties and are based on current expectations and projections. Investors can identify forward-looking statements by words like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar expressions. The Company has no obligation to update forward-looking statements, except as required by law. While the Company believes its expectations are reasonable, actual results may differ materially. Investors should review other factors in the Company’s registration statement and other SEC filings.

For more information, please contact:

Investor Relations:
Plutus Financial Group Limited
Attn: Jeff Yeung

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