Kiara Capital Holding Limited's Significant Stake in Prestige Wealth Inc.

Kiara Capital Holding Limited has filed a Schedule 13D to disclose its significant ownership in Prestige Wealth Inc. Kiara Capital holds 14.4% of the outstanding shares and has 18.9% voting power in the company. The filing details several transactions, including the purchase of Class A and Class B Ordinary Shares, warrants, and the participation in a PIPE financing round. Kiara Capital acquired these securities with the intent to exercise control over Prestige Wealth Inc. and plans to actively participate in the company's management and strategic direction. The filing also notes changes in the board of directors and executive positions, as well as the company's plan to rebrand and focus on acquiring Tether Gold as its primary treasury reserve asset.