---
title: "TOP Financial Group Limited Announces Full Exercise of All Outstanding Warrants Following Cashless Exercise"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293389459.md"
description: "TOP Financial Group Limited announced that all 428,862,444 outstanding warrants from its recent private placement were fully exercised on a cashless basis. This exercise resulted in the issuance of 360,534,431 Class A ordinary shares and the cancellation of the remaining warrants. No cash proceeds were generated for the company."
datetime: "2026-07-21T21:17:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293389459.md)
  - [en](https://longbridge.com/en/news/293389459.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293389459.md)
generator: "portal-rs"
---

# TOP Financial Group Limited Announces Full Exercise of All Outstanding Warrants Following Cashless Exercise

Singapore, July 21, 2026 - TOP Financial Group Limited (NASDAQ: TOP), a prominent online brokerage firm specializing in local and foreign equities, futures, and options products, revealed today that all 428,862,444 outstanding warrants to purchase Class A ordinary shares from its recent private placement have been fully exercised on a cashless basis. This led to the cancellation of the remaining warrants, with a total of 360,534,431 Class A ordinary shares being issued post-exercise. Consequently, all prior warrants have been invalidated and are no longer in circulation, and the Company did not gain any cash proceeds from this exercise.

### Related Stocks

- [TOP.US](https://longbridge.com/en/quote/TOP.US.md)

## Related News & Research

- [TOP Financial says all placement warrants are cashlessly exercised, issues 360,534,431 shares](https://longbridge.com/en/news/293604970.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**