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The company confirms that it has sufficient liquidity to execute its growth plan for fiscal year 2026; Cancellation of related shares to reduce outstanding shares to 3,274,828
SINGAPORE, March 30, 2026 /PRNewswire/ — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group” or the “Company”), a global leader in on-demand workforce solutions and integrated facility management (IFM), today announced that it has directed its sales agents, Spartan Capital Securities, LLC and Wilson-Davis & Co., Inc., to suspend the Company’s at-market equity offering (“ATM”) program, effective immediately.
In connection with the pause, the Company ordered the return and cancellation of 1,004,107 shares of common stock that were allocated to sales agents but were not offered or sold in the market. Upon completion of the cancellation process, the total number of shares of common stock outstanding will be reduced from 4,278,935 to 3,274,828. The Company expects the cancellation to be finalized on or about April 3, 2026. No further shares will be issued under the ATM program while the pause remains in effect.
The Company has determined that its current liquidity position is sufficient to support near-term operational needs and execution against its previously announced fiscal 2026 revenue guidance of US$103 million to US$110 million.
“We have the capital we need to execute our plan, and the ATM suspension reflects that assessment,” said Mike Fu, CEO of YY Group. “Our goal is to achieve our FY2026 targets, improve our margin profile and demonstrate the operating leverage of our business.
The ATM program provides for the sale of up to US$20 million of common stock. The Company retains the option to reactivate the program in the future, but does not currently intend to do so.
About YY Group Holding Limited
YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-based technology platform that provides flexible, scalable workforce solutions and integrated facilities management (IFM) services in Asia and beyond. The Group operates across two main verticals: On-Demand Recruitment and IFM, providing agile and reliable support to sectors such as Hospitality, Logistics, Retail and Healthcare.
By leveraging proprietary digital platforms and IoT-based systems, YY Group enables its clients to meet fluctuating workforce demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Asia, Europe, Africa, Oceania and the Middle East.
Listed on the Nasdaq Capital Market, YY Group is committed to service excellence, operational innovation and long-term value creation for its customers and shareholders.
For more information about the company, please visit https://yygroupholding.com/.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about YY Group Holding Limited’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth in the hospitality market (ii) volatility in capital and credit markets, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) government approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or expressions such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no obligation to update such information except as required by applicable law.
Investor contact
Jason Phua Zhi Yong, Chief Financial Officer
Group AA
enquiries@yygroupholding.com
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SOURCE YY Group Holding Limited
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Source: PR Newswire
