{"success":true,"data":{"pressRelease":{"id":"146817","rtpr_id":"nGNE819Z7P-20260917","ticker":"CD","exchange":"NASDAQ","all_tickers":["CD","TWG"],"title":"Chaince Securities, LLC to Serve as Exclusive Sales Agent for Top Wealth Group Holding Limited’s (NASDAQ: TWG) US$200 Million At-the-Market Offering Program","author":"Globe Newswire","published_at":"2026-09-17T17:30:01.542Z","article_body":"New York, NY, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Chaince Securities, LLC\n(“Chaince”), a FINRA-registered broker-dealer and wholly owned subsidiary\nof Chaince Digital Holdings Inc. (NASDAQ: CD), today announced that it has\nbeen engaged as the exclusive sales agent for the at-the-market (“ATM”)\nequity offering program of Top Wealth Group Holding Limited (NASDAQ: TWG)\n(“Top Wealth” or the “Company”), a company that specializes in\nsupplying premium-class sturgeon caviar and related products including premium\ngrade wines. The engagement is made pursuant to an At the Market Sales\nAgreement dated September 8, 2026 (the “Sales Agreement”), under which the\nCompany may offer and sell, from time to time, Class A ordinary shares having\nan aggregate offering price of up to US$200 million through Chaince.\n\nUnder the Sales Agreement, sales of Class A ordinary shares of the Company, if\nany, may be made by any method permitted by law deemed to be an “at the\nmarket offering” as defined in Rule 415(a)(4) under the Securities Act of\n1933, as amended, including sales made directly on the Nasdaq Capital Market.\nSales, if any, will be made at prevailing market prices, and the timing and\nvolume of any sales will be determined by the Company at its sole discretion,\nsubject to the terms of the Sales Agreement. Chaince will use commercially\nreasonable efforts, consistent with its normal trading and sales practices, to\nsell the shares in accordance with the terms of the Sales Agreement. There is\nno minimum offering amount, and Chaince is not required to sell any specific\nnumber or dollar amount of shares. The Company intends to use the net proceeds\nfrom the ATM program, if any, as described in the prospectus supplement, for\ngeneral corporate purposes, which may include business diversification and\ndevelopment initiatives, capital expenditures, and potential acquisitions or\nstrategic investments in complementary businesses or technologies.\n\nThis engagement reflects Chaince’s continued expansion of its equity capital\nmarkets platform, which provides at-the-market execution, capital markets\nadvisory, and institutional distribution capabilities to growth-stage\nNasdaq-listed issuers.\n\nThe Class A ordinary shares will be offered pursuant to the Company’s\neffective shelf registration statement on Form F-3 (File No. 333-296301)\npreviously filed with the U.S. Securities and Exchange Commission (the\n“SEC”), which was declared effective by the SEC on June 26, 2026, and the\nprospectus supplement dated September 10, 2026 relating to the ATM program,\nfiled with the SEC on September 11, 2026. The prospectus supplement provides\nfor the offer and sale of up to US$200,000,000 of Class A ordinary shares. Any\noffer, solicitation, or sale will be made only by means of the prospectus\nsupplement and the accompanying base prospectus. Copies of the prospectus\nsupplement and the accompanying prospectus may be obtained on the SEC’s\nwebsite at www.sec.gov or by contacting Chaince Securities, LLC, 1251 Avenue\nof the Americas, 41st Floor, New York, NY 10020, or by email at\ninfo@chaincesecurities.com.\n\nLoeb & Loeb LLP is acting as U.S. counsel to the Company. Ortoli Rosenstadt\nLLP is acting as counsel to Chaince.\n\nThis press release does not constitute an offer to sell or a solicitation of\nan offer to buy any securities, nor shall there be any sale of these\nsecurities in any state or jurisdiction in which such offer, solicitation, or\nsale would be unlawful prior to registration or qualification under the\nsecurities laws of any such state or jurisdiction.\n\nAbout Chaince Securities, LLC\n\nChaince Securities, LLC is a FINRA-registered broker-dealer headquartered in\nNew York, specializing in at-the-market offerings, private placements, capital\nmarkets advisory, and institutional execution services for global growth-stage\ncompanies. Chaince is a subsidiary of Chaince Digital Holdings Inc. (NASDAQ:\nCD). For more information, visit https://chaincesecurities.com/.\n\nAbout Top Wealth Group Holding Limited\n\nTop Wealth Group Holding Limited is a holding company incorporated in the\nCayman Islands with operations conducted in Hong Kong through its operating\nsubsidiaries.  The Company specializes in supplying premium-class sturgeon\ncaviar and its related products, notably old vintage premium wines. Over the\nlast three years, the Company has been practicing an upward vertical\nintegration by seeking opportunities in upstream acquisition in order to\nsecure stable long term supply of quality caviar products as well as\ninnovating into related business through acquiring a wine trading group which\nengages in the development and commercialization of a wine authentication and\ntracking system and wine trading businesses in the Asia Pacific Region. The\nCompany also succeeded in establishing a solid distribution in the premium old\nvintage wine markets. The Company's long term development strategy is to\nactively capitalize the current horizontal expansion in the premium wine\nmarket with the upward vertical expansion into the caviar and related products\nindustry.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of the safe harbor provisions of the Private Securities Litigation\nReform Act of 1995, including within the meaning of Section 27A of the\nSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange\nAct of 1934, as amended, including statements regarding the ATM offering\nprogram, the amount and timing of any sales of Class A ordinary shares\nthereunder, and the anticipated use of proceeds. Forward-looking statements\nare based on current expectations and assumptions that are subject to risks\nand uncertainties that could cause actual results to differ materially from\nthose expressed or implied in such statements. Certain forward-looking\nstatements relating to Top Wealth are based on information provided by or\npublicly disclosed by Top Wealth. There can be no assurance that any shares\nwill be sold under the ATM program, or as to the prices at which any such\nsales may occur. Factors that could cause actual results to differ materially\ninclude, but are not limited to, market and economic conditions, the trading\nprice and liquidity of the Company’s Class A ordinary shares, the\nCompany’s ability to maintain compliance with the continued listing\nrequirements of the Nasdaq Capital Market, regulatory developments, changes in\nthe legal, regulatory and political environment in Hong Kong and the\nPeople’s Republic of China (“PRC”) applicable to the Company’s\noperations, restrictions on the Company’s ability to transfer cash or make\ndistributions across borders, fluctuations in the exchange rate between the\nHong Kong dollar and the U.S. dollar, and other risks described in the\nCompany’s filings with the SEC. Neither Chaince nor the Company undertakes\nany obligation to update any forward-looking statements to reflect subsequent\nevents or circumstances, except as required by law.\n\nFor more information, please contact:\n\nChaince Securities, LLC\nEmail: info@chaincesecurities.com\n\nInternational Elite Capital Inc.\nAnnabelle Zhang\nTel: +1 (646) 866-7928\nEmail: management@iecapitalusa.com","article_body_html":"","raw_payload":{"data":{"id":"nGNE819Z7P-20260917","title":"Chaince Securities, LLC to Serve as Exclusive Sales Agent for Top Wealth Group Holding Limited’s (NASDAQ: TWG) US$200 Million At-the-Market Offering Program","author":"Globe Newswire","ticker":"CD","created":"2026-09-17T17:30:01.542Z","tickers":["CD","TWG"],"exchange":"NASDAQ","article_body":"New York, NY, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Chaince Securities, LLC\n(“Chaince”), a FINRA-registered broker-dealer and wholly owned subsidiary\nof Chaince Digital Holdings Inc. (NASDAQ: CD), today announced that it has\nbeen engaged as the exclusive sales agent for the at-the-market (“ATM”)\nequity offering program of Top Wealth Group Holding Limited (NASDAQ: TWG)\n(“Top Wealth” or the “Company”), a company that specializes in\nsupplying premium-class sturgeon caviar and related products including premium\ngrade wines. The engagement is made pursuant to an At the Market Sales\nAgreement dated September 8, 2026 (the “Sales Agreement”), under which the\nCompany may offer and sell, from time to time, Class A ordinary shares having\nan aggregate offering price of up to US$200 million through Chaince.\n\nUnder the Sales Agreement, sales of Class A ordinary shares of the Company, if\nany, may be made by any method permitted by law deemed to be an “at the\nmarket offering” as defined in Rule 415(a)(4) under the Securities Act of\n1933, as amended, including sales made directly on the Nasdaq Capital Market.\nSales, if any, will be made at prevailing market prices, and the timing and\nvolume of any sales will be determined by the Company at its sole discretion,\nsubject to the terms of the Sales Agreement. Chaince will use commercially\nreasonable efforts, consistent with its normal trading and sales practices, to\nsell the shares in accordance with the terms of the Sales Agreement. There is\nno minimum offering amount, and Chaince is not required to sell any specific\nnumber or dollar amount of shares. The Company intends to use the net proceeds\nfrom the ATM program, if any, as described in the prospectus supplement, for\ngeneral corporate purposes, which may include business diversification and\ndevelopment initiatives, capital expenditures, and potential acquisitions or\nstrategic investments in complementary businesses or technologies.\n\nThis engagement reflects Chaince’s continued expansion of its equity capital\nmarkets platform, which provides at-the-market execution, capital markets\nadvisory, and institutional distribution capabilities to growth-stage\nNasdaq-listed issuers.\n\nThe Class A ordinary shares will be offered pursuant to the Company’s\neffective shelf registration statement on Form F-3 (File No. 333-296301)\npreviously filed with the U.S. Securities and Exchange Commission (the\n“SEC”), which was declared effective by the SEC on June 26, 2026, and the\nprospectus supplement dated September 10, 2026 relating to the ATM program,\nfiled with the SEC on September 11, 2026. The prospectus supplement provides\nfor the offer and sale of up to US$200,000,000 of Class A ordinary shares. Any\noffer, solicitation, or sale will be made only by means of the prospectus\nsupplement and the accompanying base prospectus. Copies of the prospectus\nsupplement and the accompanying prospectus may be obtained on the SEC’s\nwebsite at www.sec.gov or by contacting Chaince Securities, LLC, 1251 Avenue\nof the Americas, 41st Floor, New York, NY 10020, or by email at\ninfo@chaincesecurities.com.\n\nLoeb & Loeb LLP is acting as U.S. counsel to the Company. Ortoli Rosenstadt\nLLP is acting as counsel to Chaince.\n\nThis press release does not constitute an offer to sell or a solicitation of\nan offer to buy any securities, nor shall there be any sale of these\nsecurities in any state or jurisdiction in which such offer, solicitation, or\nsale would be unlawful prior to registration or qualification under the\nsecurities laws of any such state or jurisdiction.\n\nAbout Chaince Securities, LLC\n\nChaince Securities, LLC is a FINRA-registered broker-dealer headquartered in\nNew York, specializing in at-the-market offerings, private placements, capital\nmarkets advisory, and institutional execution services for global growth-stage\ncompanies. Chaince is a subsidiary of Chaince Digital Holdings Inc. (NASDAQ:\nCD). For more information, visit https://chaincesecurities.com/.\n\nAbout Top Wealth Group Holding Limited\n\nTop Wealth Group Holding Limited is a holding company incorporated in the\nCayman Islands with operations conducted in Hong Kong through its operating\nsubsidiaries.  The Company specializes in supplying premium-class sturgeon\ncaviar and its related products, notably old vintage premium wines. Over the\nlast three years, the Company has been practicing an upward vertical\nintegration by seeking opportunities in upstream acquisition in order to\nsecure stable long term supply of quality caviar products as well as\ninnovating into related business through acquiring a wine trading group which\nengages in the development and commercialization of a wine authentication and\ntracking system and wine trading businesses in the Asia Pacific Region. The\nCompany also succeeded in establishing a solid distribution in the premium old\nvintage wine markets. The Company's long term development strategy is to\nactively capitalize the current horizontal expansion in the premium wine\nmarket with the upward vertical expansion into the caviar and related products\nindustry.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of the safe harbor provisions of the Private Securities Litigation\nReform Act of 1995, including within the meaning of Section 27A of the\nSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange\nAct of 1934, as amended, including statements regarding the ATM offering\nprogram, the amount and timing of any sales of Class A ordinary shares\nthereunder, and the anticipated use of proceeds. Forward-looking statements\nare based on current expectations and assumptions that are subject to risks\nand uncertainties that could cause actual results to differ materially from\nthose expressed or implied in such statements. Certain forward-looking\nstatements relating to Top Wealth are based on information provided by or\npublicly disclosed by Top Wealth. There can be no assurance that any shares\nwill be sold under the ATM program, or as to the prices at which any such\nsales may occur. Factors that could cause actual results to differ materially\ninclude, but are not limited to, market and economic conditions, the trading\nprice and liquidity of the Company’s Class A ordinary shares, the\nCompany’s ability to maintain compliance with the continued listing\nrequirements of the Nasdaq Capital Market, regulatory developments, changes in\nthe legal, regulatory and political environment in Hong Kong and the\nPeople’s Republic of China (“PRC”) applicable to the Company’s\noperations, restrictions on the Company’s ability to transfer cash or make\ndistributions across borders, fluctuations in the exchange rate between the\nHong Kong dollar and the U.S. dollar, and other risks described in the\nCompany’s filings with the SEC. Neither Chaince nor the Company undertakes\nany obligation to update any forward-looking statements to reflect subsequent\nevents or circumstances, except as required by law.\n\nFor more information, please contact:\n\nChaince Securities, LLC\nEmail: info@chaincesecurities.com\n\nInternational Elite Capital Inc.\nAnnabelle Zhang\nTel: +1 (646) 866-7928\nEmail: management@iecapitalusa.com"},"type":"article","timestamp":"2026-09-17T17:30:01.745117497Z","server_sent_at_ms":1789666201745},"received_at":"2026-09-17T17:30:02.114Z","source_url":null},"analysis":{"id":"135647","press_release_id":"146817","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["No sales-agent fee terms disclosed; CD's economics depend entirely on actual ATM usage","No minimum offering amount and no assurance any shares will be sold under the program","Client is a Hong Kong-based small-cap with disclosed Nasdaq listing-compliance and PRC/Hong Kong regulatory and cross-border cash-transfer risks"],"eventType":"operations_update","narrative":"Chaince Securities, LLC, a FINRA-registered broker-dealer wholly owned by Chaince Digital Holdings (NASDAQ: CD), has been engaged as exclusive sales agent for Top Wealth Group Holding Limited's (NASDAQ: TWG) US$200 million at-the-market equity offering program.\n\nUnder the September 8, 2026 Sales Agreement, Top Wealth may sell up to US$200 million of Class A ordinary shares at prevailing market prices on the Nasdaq Capital Market, with timing and volume at the company's sole discretion. There is no minimum offering amount, and there is no assurance any shares will be sold.\n\nChaince frames the mandate as continued expansion of its equity capital markets platform serving growth-stage Nasdaq-listed issuers. Fee economics were not disclosed, so the revenue impact on CD is contingent on actual program usage.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap broker-dealer CD lands the exclusive sales agent mandate on TWG's $200M ATM program — a small but strategic win for its capital-markets platform, with revenue contingent on usage."},"keyFigures":{"customDimensions":{"shelf_registration":"Form F-3 (File No. 333-296301), declared effective June 26, 2026","atm_program_size_usd":200000000,"sales_agreement_date":"September 8, 2026","prospectus_supplement_date":"September 10, 2026 (filed September 11, 2026)"}},"namedEntities":{"people":[{"name":"Annabelle Zhang","role":"Investor relations contact, International Elite Capital Inc."}],"products":["US$200 million at-the-market (ATM) equity offering program"],"companies":[{"name":"Chaince Digital Holdings Inc.","ticker":"CD","relationship":"filer; parent of Chaince Securities"},{"name":"Chaince Securities, LLC","relationship":"subsidiary; exclusive sales agent for the ATM program"},{"name":"Top Wealth Group Holding Limited","ticker":"TWG","relationship":"client; issuer of the US$200 million ATM program"},{"name":"Loeb & Loeb LLP","relationship":"U.S. counsel to Top Wealth Group"},{"name":"Ortoli Rosenstadt LLP","relationship":"counsel to Chaince"},{"name":"International Elite Capital Inc.","relationship":"investor relations firm"}],"dollarAmounts":[{"amount":"US$200 million","context":"aggregate offering price of Class A ordinary shares Top Wealth may sell under the ATM program"},{"amount":"US$200,000,000","context":"offer and sale amount provided for in the prospectus supplement"}]},"materialImpact":{"score":2,"reasoning":"A tangible contract win for the filer's broker-dealer subsidiary — exclusive sales agent on Top Wealth Group's US$200 million ATM program — supporting Chaince's capital-markets buildout. However, no fee terms are disclosed, there is no minimum offering amount, and any sales are at Top Wealth's sole discretion, so the financial benefit is modest and entirely contingent on program usage."},"tickerRelevance":{"others":[{"ticker":"TWG","relevance":"client; issuer whose US$200 million ATM program Chaince Securities will serve as exclusive sales agent"}],"primary":"CD"},"globalImportance":12,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"client-mandate-win","revenueImpact":"undisclosed and contingent on program usage","issuerAuthored":true,"householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Chaince Securities, LLC, a FINRA-registered broker-dealer wholly owned by Chaince Digital Holdings (NASDAQ: CD), has been engaged as exclusive sales agent for Top Wealth Group Holding Limited's (NASDAQ: TWG) US$200 million at-the-market equity offering program.\n\nUnder the September 8, 2026 Sales Agreement, Top Wealth may sell up to US$200 million of Class A ordinary shares at prevailing market prices on the Nasdaq Capital Market, with timing and volume at the company's sole discretion. There is no minimum offering amount, and there is no assurance any shares will be sold.\n\nChaince frames the mandate as continued expansion of its equity capital markets platform serving growth-stage Nasdaq-listed issuers. Fee economics were not disclosed, so the revenue impact on CD is contingent on actual program usage.","key_figures":{"customDimensions":{"shelf_registration":"Form F-3 (File No. 333-296301), declared effective June 26, 2026","atm_program_size_usd":200000000,"sales_agreement_date":"September 8, 2026","prospectus_supplement_date":"September 10, 2026 (filed September 11, 2026)"}},"named_entities":{"people":[{"name":"Annabelle Zhang","role":"Investor relations contact, International Elite Capital Inc."}],"products":["US$200 million at-the-market (ATM) equity offering program"],"companies":[{"name":"Chaince Digital Holdings Inc.","ticker":"CD","relationship":"filer; parent of Chaince Securities"},{"name":"Chaince Securities, LLC","relationship":"subsidiary; exclusive sales agent for the ATM program"},{"name":"Top Wealth Group Holding Limited","ticker":"TWG","relationship":"client; issuer of the US$200 million ATM program"},{"name":"Loeb & Loeb LLP","relationship":"U.S. counsel to Top Wealth Group"},{"name":"Ortoli Rosenstadt LLP","relationship":"counsel to Chaince"},{"name":"International Elite Capital Inc.","relationship":"investor relations firm"}],"dollarAmounts":[{"amount":"US$200 million","context":"aggregate offering price of Class A ordinary shares Top Wealth may sell under the ATM program"},{"amount":"US$200,000,000","context":"offer and sale amount provided for in the prospectus supplement"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-17T17:30:59.519Z","global_importance":12,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"client-mandate-win","revenueImpact":"undisclosed and contingent on program usage","issuerAuthored":true,"householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":57396,"modelName":"glm-5.3-flash"}}