{"success":true,"data":{"pressRelease":{"id":"127504","rtpr_id":"nGNEwk0Hd","ticker":"YYGH","exchange":"NASDAQ","all_tickers":["YYGH"],"title":"YY Group Eliminates $5.94 Million Second Financing Tranche and Cancels All Outstanding Warrants","author":"Globe Newswire","published_at":"2026-08-25T20:10:00.219Z","article_body":"$5.94 million second tranche and all 11,284 outstanding warrants cancelled,\nreducing potential dilution. Capital structure simplified, with remaining\napproximately $1.37 million balance to be repaid by year-end and no\nconvertible debt or warrants outstanding thereafter\n\nSINGAPORE, Aug. 25, 2026 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ:\nYYGH) (“YY Group” or the “Company”), an AI-enabled workforce\nmanagement platform and integrated facility management (IFM) provider\noperating across Asia and beyond, today announced that it entered into a\nSupplemental Agreement with the holder of its outstanding convertible\npromissory note (the \"Holder\"), effective August 20, 2026.\n\nUnder the Supplemental Agreement, the parties have cancelled the second\ntranche of the convertible note offering contemplated under the Securities\nPurchase Agreement entered into on February 27, 2026. The Supplemental\nAgreement also cancels, effective immediately and for no separate\nconsideration, the Holder’s outstanding warrants to purchase up to 11,284\nClass A ordinary shares issued in connection with the first tranche,\neliminating the potential dilution associated with those warrants. Together,\nthese actions reduce potential dilution and simplify the Company’s capital\nstructure.\n\nUnder the Securities Purchase Agreement, the financing consisted of two\ntranches of convertible promissory notes with an aggregate principal face\namount of up to $11,880,000. The initial tranche, consisting of notes with an\naggregate principal amount of $5,940,000, closed on March 2, 2026, while the\nremaining $5,940,000 second tranche and related warrants will no longer be\nissued under the amended agreement.\n\nThe majority of the first tranche has been repaid. Under the Supplemental\nAgreement, the Company has agreed to repay the remaining approximately $1.37\nmillion balance no later than December 31, 2026. No further interest will\naccrue on that amount from the effective date of the Supplemental Agreement,\nsubject to the agreement’s default provisions.\n\nUpon repayment in full of the remaining amount, all obligations of the parties\nunder the convertible note will terminate and the parties will exchange mutual\nreleases in accordance with the Supplemental Agreement. Following such\nrepayment, the Company will have no convertible debt or warrants outstanding.\nThe Supplemental Agreement also contains certain restrictions on the Company's\nability to conduct future equity financings.\n\n“Strengthening our capital structure and reducing potential dilution are\nimportant steps in creating long-term value for our shareholders,” said Mike\nFu, Chief Executive Officer of YY Group. “We have repaid the majority of the\ninitial tranche and expect to settle the remaining balance by the year-end\ndeadline. Eliminating the second tranche and cancelling all outstanding\nwarrants further simplifies our capital structure and reduces potential\ndilution. We remain focused on executing our growth strategy and creating\nlong-term shareholder value.”\n\nThe foregoing description of the Supplemental Agreement is qualified in its\nentirety by reference to the full text of the agreement, which will be\nfurnished as an exhibit to a Report of Foreign Private Issuer on Form 6-K to\nbe filed with the Securities and Exchange Commission.\n\nAbout YY Group Holding\nYY Group Holding Limited (Nasdaq: YYGH) is an AI-enabled workforce management\nplatform and integrated facility management (IFM) provider, headquartered in\nSingapore and operating across Asia and beyond. The Company's intelligent\nworkforce solutions platform, YY Circle, helps clients across hospitality,\nfood and beverage, retail, and other service sectors predict, plan, and\noptimize workforce deployment. In YY Group's IFM business, its 24IFM software\nplatform and comprehensive IFM subsidiary portfolio support clients across\nhospitality, transportation, banking, retail, and mixed-use facilities.\n\nAs both business lines scale, the Company is systematically embedding AI and\nautomation capabilities, progressing from intelligent decision support toward\nincreasingly autonomous workforce management, to improve service quality,\nreduce deployment costs, and drive long-term margin expansion. Listed on the\nNasdaq Capital Market, YY Group is committed to infrastructure innovation,\nmeasurable client outcomes, and long-term value creation.\n\nForward-Looking Statement\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. The Company bases these\nforward-looking statements on its expectations and projections about future\nevents, which the Company derives from the information currently available to\nit. You can identify forward-looking statements by those that are not\nhistorical in nature, particularly those that use terminology such as\n“may,” “should,” “expects,” “anticipates,” “contemplates,”\n“estimates,” “believes,” “plans,” “projected,” “predicts,”\n“potential,” or “hopes” or the negative of these or similar terms.\nForward-looking statements involve inherent risks and uncertainties, and the\nforward-looking events discussed in this press release may not occur, and\nactual events and results may differ materially and are subject to risks,\nuncertainties, and assumptions about the Company and a number of factors.\nThese factors include, but are not limited to, the Company’s goals and\nstrategies; the Company’s future business development, financial condition\nand results of operations, including the introduction of new products and\nservices, expected changes in the Company’s revenues, costs and\nexpenditures, anticipated customer growth, and demand for and market\nacceptance of the Company’s products and services; and industry, market and\nregulatory conditions, including competition, government policies and\nregulations affecting the Company’s industry, and other factors that may\naffect the Company’s financial condition, liquidity and results of\noperations. For a more detailed discussion of risk factors, please refer to\nthe Company’s filings with the Securities and Exchange Commission, including\nthe “Risk Factors” section of the Company’s most recent annual report on\nForm 20-F, as amended.\n\nInvestor Contact\nJason Zhi Yong Phua, Chief Financial Officer\nYY Group\nenquiries@yygroupholding.com","article_body_html":"","raw_payload":{"data":{"id":"nGNEwk0Hd","title":"YY Group Eliminates $5.94 Million Second Financing Tranche and Cancels All Outstanding Warrants","author":"Globe Newswire","ticker":"YYGH","created":"2026-08-25T20:10:00.219Z","tickers":["YYGH"],"exchange":"NASDAQ","article_body":"$5.94 million second tranche and all 11,284 outstanding warrants cancelled,\nreducing potential dilution. Capital structure simplified, with remaining\napproximately $1.37 million balance to be repaid by year-end and no\nconvertible debt or warrants outstanding thereafter\n\nSINGAPORE, Aug. 25, 2026 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ:\nYYGH) (“YY Group” or the “Company”), an AI-enabled workforce\nmanagement platform and integrated facility management (IFM) provider\noperating across Asia and beyond, today announced that it entered into a\nSupplemental Agreement with the holder of its outstanding convertible\npromissory note (the \"Holder\"), effective August 20, 2026.\n\nUnder the Supplemental Agreement, the parties have cancelled the second\ntranche of the convertible note offering contemplated under the Securities\nPurchase Agreement entered into on February 27, 2026. The Supplemental\nAgreement also cancels, effective immediately and for no separate\nconsideration, the Holder’s outstanding warrants to purchase up to 11,284\nClass A ordinary shares issued in connection with the first tranche,\neliminating the potential dilution associated with those warrants. Together,\nthese actions reduce potential dilution and simplify the Company’s capital\nstructure.\n\nUnder the Securities Purchase Agreement, the financing consisted of two\ntranches of convertible promissory notes with an aggregate principal face\namount of up to $11,880,000. The initial tranche, consisting of notes with an\naggregate principal amount of $5,940,000, closed on March 2, 2026, while the\nremaining $5,940,000 second tranche and related warrants will no longer be\nissued under the amended agreement.\n\nThe majority of the first tranche has been repaid. Under the Supplemental\nAgreement, the Company has agreed to repay the remaining approximately $1.37\nmillion balance no later than December 31, 2026. No further interest will\naccrue on that amount from the effective date of the Supplemental Agreement,\nsubject to the agreement’s default provisions.\n\nUpon repayment in full of the remaining amount, all obligations of the parties\nunder the convertible note will terminate and the parties will exchange mutual\nreleases in accordance with the Supplemental Agreement. Following such\nrepayment, the Company will have no convertible debt or warrants outstanding.\nThe Supplemental Agreement also contains certain restrictions on the Company's\nability to conduct future equity financings.\n\n“Strengthening our capital structure and reducing potential dilution are\nimportant steps in creating long-term value for our shareholders,” said Mike\nFu, Chief Executive Officer of YY Group. “We have repaid the majority of the\ninitial tranche and expect to settle the remaining balance by the year-end\ndeadline. Eliminating the second tranche and cancelling all outstanding\nwarrants further simplifies our capital structure and reduces potential\ndilution. We remain focused on executing our growth strategy and creating\nlong-term shareholder value.”\n\nThe foregoing description of the Supplemental Agreement is qualified in its\nentirety by reference to the full text of the agreement, which will be\nfurnished as an exhibit to a Report of Foreign Private Issuer on Form 6-K to\nbe filed with the Securities and Exchange Commission.\n\nAbout YY Group Holding\nYY Group Holding Limited (Nasdaq: YYGH) is an AI-enabled workforce management\nplatform and integrated facility management (IFM) provider, headquartered in\nSingapore and operating across Asia and beyond. The Company's intelligent\nworkforce solutions platform, YY Circle, helps clients across hospitality,\nfood and beverage, retail, and other service sectors predict, plan, and\noptimize workforce deployment. In YY Group's IFM business, its 24IFM software\nplatform and comprehensive IFM subsidiary portfolio support clients across\nhospitality, transportation, banking, retail, and mixed-use facilities.\n\nAs both business lines scale, the Company is systematically embedding AI and\nautomation capabilities, progressing from intelligent decision support toward\nincreasingly autonomous workforce management, to improve service quality,\nreduce deployment costs, and drive long-term margin expansion. Listed on the\nNasdaq Capital Market, YY Group is committed to infrastructure innovation,\nmeasurable client outcomes, and long-term value creation.\n\nForward-Looking Statement\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. The Company bases these\nforward-looking statements on its expectations and projections about future\nevents, which the Company derives from the information currently available to\nit. You can identify forward-looking statements by those that are not\nhistorical in nature, particularly those that use terminology such as\n“may,” “should,” “expects,” “anticipates,” “contemplates,”\n“estimates,” “believes,” “plans,” “projected,” “predicts,”\n“potential,” or “hopes” or the negative of these or similar terms.\nForward-looking statements involve inherent risks and uncertainties, and the\nforward-looking events discussed in this press release may not occur, and\nactual events and results may differ materially and are subject to risks,\nuncertainties, and assumptions about the Company and a number of factors.\nThese factors include, but are not limited to, the Company’s goals and\nstrategies; the Company’s future business development, financial condition\nand results of operations, including the introduction of new products and\nservices, expected changes in the Company’s revenues, costs and\nexpenditures, anticipated customer growth, and demand for and market\nacceptance of the Company’s products and services; and industry, market and\nregulatory conditions, including competition, government policies and\nregulations affecting the Company’s industry, and other factors that may\naffect the Company’s financial condition, liquidity and results of\noperations. For a more detailed discussion of risk factors, please refer to\nthe Company’s filings with the Securities and Exchange Commission, including\nthe “Risk Factors” section of the Company’s most recent annual report on\nForm 20-F, as amended.\n\nInvestor Contact\nJason Zhi Yong Phua, Chief Financial Officer\nYY Group\nenquiries@yygroupholding.com"},"type":"article","timestamp":"2026-08-25T20:10:00.322791642Z","server_sent_at_ms":1787688600322},"received_at":"2026-08-25T20:10:00.370Z","source_url":"https://www.globenewswire.com/news-release/2026/08/25/3350882/0/en/yy-group-eliminates-5-94-million-second-financing-tranche-and-cancels-all-outstanding-warrants.html"},"analysis":{"id":"116426","press_release_id":"127504","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Supplemental Agreement restricts the company's ability to conduct future equity financings"],"eventType":"restructuring","narrative":"YY Group cancelled the $5.94 million second tranche of a convertible note and all 11,284 outstanding warrants, eliminating potential future dilution from these instruments.\n\nThe company has agreed to repay the remaining approximately $1.37 million balance of the first tranche by December 31, 2026, with no further interest accruing from the agreement's effective date.\n\nUpon full repayment, YYGH will have no convertible debt or warrants outstanding, though the Supplemental Agreement includes restrictions on the company's ability to conduct future equity financings.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"YYGH cleans up cap table and eliminates dilution risk by cancelling warrants and a $5.94M debt tranche."},"keyFigures":{"customDimensions":{"repayment_deadline":"December 31, 2026","cancelled_tranche_value":"$5.94 million","warrants_cancelled_count":11284,"remaining_principal_balance":"$1.37 million"}},"quotedText":"Strengthening our capital structure and reducing potential dilution are important steps in creating long-term value for our shareholders","namedEntities":{"people":[{"name":"Mike Fu","role":"Chief Executive Officer"},{"name":"Jason Zhi Yong Phua","role":"Chief Financial Officer"}],"products":["YY Circle","24IFM"],"companies":[{"name":"YY Group Holding Limited","ticker":"YYGH"}],"dollarAmounts":[{"amount":"$5.94 million","context":"second tranche of convertible note cancelled"},{"amount":"$5,940,000","context":"aggregate principal amount of initial tranche"},{"amount":"$11,880,000","context":"aggregate principal face amount of original financing"},{"amount":"$1.37 million","context":"remaining balance to be repaid"}]},"materialImpact":{"score":3,"reasoning":"Eliminating the $5.94 million second tranche and all outstanding warrants materially reduces dilution risk and simplifies the capital structure, though the company remains small-cap with a remaining debt obligation."},"tickerRelevance":{"others":[],"primary":"YYGH"},"globalImportance":25,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"capital-structure-optimization"}},"event_type":"restructuring","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"YY Group cancelled the $5.94 million second tranche of a convertible note and all 11,284 outstanding warrants, eliminating potential future dilution from these instruments.\n\nThe company has agreed to repay the remaining approximately $1.37 million balance of the first tranche by December 31, 2026, with no further interest accruing from the agreement's effective date.\n\nUpon full repayment, YYGH will have no convertible debt or warrants outstanding, though the Supplemental Agreement includes restrictions on the company's ability to conduct future equity financings.","key_figures":{"customDimensions":{"repayment_deadline":"December 31, 2026","cancelled_tranche_value":"$5.94 million","warrants_cancelled_count":11284,"remaining_principal_balance":"$1.37 million"}},"named_entities":{"people":[{"name":"Mike Fu","role":"Chief Executive Officer"},{"name":"Jason Zhi Yong Phua","role":"Chief Financial Officer"}],"products":["YY Circle","24IFM"],"companies":[{"name":"YY Group Holding Limited","ticker":"YYGH"}],"dollarAmounts":[{"amount":"$5.94 million","context":"second tranche of convertible note cancelled"},{"amount":"$5,940,000","context":"aggregate principal amount of initial tranche"},{"amount":"$11,880,000","context":"aggregate principal face amount of original financing"},{"amount":"$1.37 million","context":"remaining balance to be repaid"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-25T20:21:26.620Z","global_importance":25,"audience_relevance":25,"importance_components":{"tickerTier":"small-cap","eventGravity":"capital-structure-optimization"}},"durationMs":106585,"modelName":"glm-4.7"}}