Fitness Champs Raises $5M through $1.55 Unit Offering with Warrants
Fitness Champs Holdings priced 3,225,000 units at $1.55 each, targeting gross proceeds of $5 million through a best-efforts public offering that includes warrants exercisable at $2.635 over six months. The company plans to use net proceeds for business expansion, general working capital and other corporate purposes.
1. Offering Details
Fitness Champs priced a best-efforts offering of 3,225,000 units at $1.55 per unit, each unit comprising one Class A ordinary share or a pre-funded warrant plus one warrant exercisable at $2.635 per share over a six-month period.
2. Use of Proceeds and Strategy
Net proceeds are earmarked for business expansion, general working capital and other corporate purposes, supporting plans to diversify the company’s sports education offerings into areas such as pickleball.
3. Closing Timeline and Conditions
The offering is expected to close on or about April 20, 2026, subject to customary closing conditions.