{"url_path":"/sec/twg/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 Material Modifications to the Rights of Securities Holders and Use of Proceeds**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1978057/0001213900-26-057962-index.html","accession_number":"0001213900-26-057962","cik":"0001978057","ticker":"TWG","issuer_name":"Top Wealth Group Holding Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1978057/0001213900-26-057962-index.html","primary_entity_key":"0001978057","primary_entity_name":"Top Wealth Group Holding Ltd"},"word_count":376,"has_tables":true,"body_markdown":"**Item\n14. Material Modifications to the Rights of Securities Holders and Use of Proceeds**\n\n \n\n**14.A. – 14.D. Material Modifications\nto the Rights of Security Holders**\n\n \n\nSee “Item 10. Additional Information”\nfor a description of the rights of shareholders, which remain unchanged.\n\n \n\n**14.E. Use of Proceeds**\n\n \n\nThe following “Use of Proceeds” information relates to:\n(1) registration statement on Form F-1 (File No. 333-275684), as amended, which registered 2,000,000 ordinary shares\nand was declared effective by the SEC on March 29, 2024, for our initial public offering, which completed on April 18, 2024, at an initial\noffering price of US$4.00 per ordinary share; (2) registration statement on Form F-1 (File No.333-282302), as amended,\nwhich registered a total of 27,000,000 ordinary shares of par value $0.0001 per share, and was declared effective by the SEC on September\n24, 2024, for Company’s best effort offering, which completed on October 14, 2024, at the price of $0.40 per ordinary share; and\n(3) registration on statement on Form F-1 (File No. 333-290351), as amended, which registered 720,000 units, consisting of one Class A\nOrdinary Share, one Series A Class A Warrant and one Series B Class B Warrant at the price of US$7.00 per unit.\n\n \n\nIn connection with our initial public offering, our expenses incurred\nand paid to others totaled approximately US$ 1.55 million, which included US$0.56 million for underwriting discounts and commissions.\nWe received an aggregate net proceeds of approximately US$7.16 million from our initial public offering.\n\n \n\nIn connection with our first best efforts offering, our expenses incurred\nand paid to others totaled approximately US$0.94 million, which included US$0.54 million for placement agent commission. We received\nan aggregate net proceeds of approximately US$$9.86 million from the offering.\n\n \n\nIn connection with our second best efforts offering, our expenses incurred\nand paid to others totaled approximately US$0.7 million, which included US$0.38 million for placement agent commission. We received an\naggregate net proceeds of approximately US$4.3 million.\n\n \n\nWe still intend to use the remainder of the proceeds from our above\nofferings as disclosed in our registration statements on Form F-1.\n\n \n\nNone of these net proceeds was paid, directly or indirectly, to any\nof our directors or officers or their associates, persons owning 10% or more of our equity securities or our affiliates or others."}