Solowin Holdings, Ltd. filed a Form F-1 registration statement for an initial public offering on 2025-01-23. It has amended it 3 times. It asked for the registration statement to be withdrawn on 2025-10-14. Each fact below is quoted from the filing named with it.
What the filings say
Listing
Our Class A Ordinary Shares are listed on the Nasdaq Capital Market tier of The Nasdaq Stock Market LLC, or Nasdaq, under the symbol “SWIN.” On April 16, 2025, the closing sale price of our Class A Ordinary Shares as reported on Nasdaq was $1.51 per share.From the F-1/A filed 2025-04-16
Use of proceeds
We plan to use the net proceeds of this offering for the development of our Virtual Assets Services and Web3 solutions, including virtual asset dealing services and distribution of real-world assets, as well as for working capital and other general corporate purposes.From the F-1/A filed 2025-04-16
Revenue
Our total revenue was $4,291,000 for the fiscal year ended March 31, 2024, representing a decrease of $162,000, or 4% from $4,453,000 for the fiscal year ended March 31, 2023.From the F-1 filed 2025-01-23
Net loss or income
We incurred a net loss of $6,255,000 for the six months ended September 30, 2024, and net income of $1,248,000 for the six months ended September 30, 2023.From the F-1/A filed 2025-04-16
Withdrawal
Pursuant to Rule 477 under the Securities Act of 1933, as amended (the “Securities Act”), the Company hereby requests that the Commission consent to the withdrawal of the Registration Statement, effective as of the date hereof or at the earliest practicable date hereafter.From the RW filed 2025-10-14
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2025-01-23 | Registration statement filed (foreign issuer) | F-1 |
| 2025-02-18 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-03-24 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-04-16 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-10-14 | Request to withdraw a registration (Form F-1) | RW |
Tools for this story
Each opens in a new tab, filled in for Solowin Holdings, Ltd.. With no account yet, you sign up free and land on the result.
Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.