Plutus Financial Group Prices Initial Public Offering “`

Hong Kong, February 5, 2025 – Plutus Financial Group Limited (“the Company”) (NasdaqCM: PLUT), a Hong Kong-based financial services firm, today announced the pricing of its initial public offering (IPO) of 2,100,000 ordinary shares at $4 per share, raising a total of $8.4 million in gross proceeds before deducting underwriting fees and expenses. This offering is a firm commitment. Trading of the ordinary shares under the symbol “PLUT” is set to begin on the Nasdaq Capital Market on February 5, 2025.

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

The Company plans to use the IPO proceeds for: (i) developing customized software and applications for various operational aspects, including customer service, trading, wealth management, and portfolio management; (ii) increasing funding for customer trading solutions, such as margin trading and IPO margin financing; and (iii) expanding its customer management 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. serves as counsel to the Company. Sichenzia Ross Ference Carmel LLP acts as lead counsel to the underwriters for this offering.

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

Before investing, review the final prospectus and other SEC filings for complete information about the Company and the offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, and no sale will occur where prohibited by securities laws.

About Plutus Financial Group Limited

Plutus Financial Group Limited is a Hong Kong-based 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 participant on the HKEx, offers securities trading, brokerage, margin financing, custody, and nominee services. As a licensed broker, Plutus Securities provides:

  • Hong Kong stock trading via internet, mobile app, and phone;
  • Margin financing;
  • Securities custody and nominee services with secure clearing and settlement;
  • Access to debt capital markets;
  • Equity capital markets services for issuers, including IPO underwriting and equity placement support.

Plutus Asset Management, an SFC-licensed wealth management and advisory firm, offers:

  • Professional funds management;
  • Discretionary accounts tailored to individual risk tolerance and preferences;
  • Investment consulting and advisory services for externally managed funds;
  • Investment funds including real estate, fixed income, private equity, and hedge funds.

For more information, visit the Company’s website at .

Forward-Looking Statements

This announcement contains forward-looking statements, including regarding the Company’s proposed offering. These statements involve risks and uncertainties and are based on current expectations and projections. Investors can identify these statements by words like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar expressions. The Company disclaims any obligation to update forward-looking statements except as required by law. While the Company believes these expectations are reasonable, actual results may differ materially. Investors should review the Company’s registration statement and other SEC filings for additional information.

For more information, please contact:

Investor Relations:
Plutus Financial Group Limited
Attn: Jeff Yeung

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