SU Group Holdings Limited Announces Board Approval of Warrant Exercise Price Adjustment

SU Group Holdings Limited announced that its board of directors has approved an adjustment to the exercise price of certain outstanding warrants. The exercise price will be reduced from $5.50 to US$0.87 per ordinary share, effective June 17, 2026. This decision was made after considering the company's financial and operational needs, market conditions, and the trading price of its shares. The adjustment aims to align the warrants with current market conditions and incentivize participation in fundraising efforts. The company expects to use any net proceeds for general working capital and strategic purposes, including marketing, product promotion, and potential mergers and acquisitions. The board believes this adjustment is commercially fair and in the best interest of the company and its shareholders. The company has authorized its officers to implement the necessary steps for this adjustment. There is no assurance that warrant holders will exercise their warrants or that the company will receive any proceeds.