HONG KONG, April 02, 2025 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) ("PWM", or the "Company"), a wealth management and asset management services provider based in Hong Kong, today announced that, on April 1, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that based on the closing bid price of the Class A ordinary shares of the Company for the last 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. The notification has no immediate effect on the l
HONG KONG, March 27, 2025 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) (the "Company" or "Prestige Wealth"), a wealth management and asset management services provider based in Hong Kong, today announced that the Company will change its business address and mailing address to Office Unit 6620B, 66/F, The Center, 99 Queen's Road Central, Central, Hong Kong, effective March 27, 2025. The Company believes that the new, easily accessible location provides a conducive environment for the Company to maintain highest standards of excellence and customer satisfaction, enhance operations, and better serve the Company's valued clients and partners. About Prestige Wealth Inc. Prest
HONG KONG, March 20, 2025 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) ("PWM", or the "Company"), a wealth management and asset management services provider based in Hong Kong, today announced that its subsidiary, InnoSphere Tech Inc. ("InnoSphere"), recently launched an AI-powered financial news intelligence agent, integrating AI agents to enable precise market information delivery. InnoSphere's AI financial news intelligence agent integrates AI agents to enhance the precision of its news delivery and its market sentiment analysis capabilities. This intelligence agent combines InnoSphere's advanced natural language processing technology with real-time market monitoring, enabling
HONG KONG, March 12, 2025 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) ("PWM", or the "Company"), a wealth management and asset management services provider based in Hong Kong, today announced that, InnoSphere Tech Inc., a wholly owned AI fintech subsidiary of Prestige Wealth Inc., has undergone a major upgrade with the official integration of DeepSeek, a cutting-edge AI technology. By seamlessly incorporating top-tier large language models such as ChatGPT and LLaMA3—alongside real-time market data and a proprietary financial knowledge base—InnoSphere aims to develop the next generation of AI-powered fintech systems. This initiative is designed to provide global clients with smart
HONG KONG, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) (the "Company" or "Prestige Wealth"), a wealth management and asset management services provider based in Hong Kong, today announced its unaudited financial results for the six months ended March 31, 2024. Mr. Kazuho Komoda, the Company's Chief Executive Officer, commented, "Reflecting upon the first half of fiscal year 2024, we made many strategic layouts including exploring the path of using technology method to scale up wealth management business, preparing for expanding business areas and actively seeking talents for business upgrade. Meanwhile, we also maintain stable growth in our existi
HONG KONG, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) ("PWM", or the "Company"), a wealth management and asset management services provider based in Hong Kong, today announced that, on December 18, 2024, it received notice from The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule") for continued listing on the Nasdaq Capital Market. On July 23, 2024, PWM a notice from Nasdaq notified the Company that the minimum bid price per share of its Class A ordinary shares was below $1.00 for a period of 33 consecutive business days and that the Comp
HONG KONG, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) ("PWM", or the "Company"), a wealth management and asset management services provider based in Hong Kong, today announced that, on December 16, 2024, it completed its acquisition of all shares of InnoSphere Tech Inc ("InnoSphere Tech"), a company incorporated under the laws of the British Virgin Islands. PWM also announced that, on December 16, 2024, it completed its acquisition of all shares of Tokyo Bay Management Inc ("Tokyo Bay"), a company incorporated under the laws of the British Virgin Islands. About Prestige Wealth Inc. Prestige Wealth Inc. is a wealth management and asset management services provide
HONG KONG, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) ("PWM", or the "Company"), a wealth management and asset management services provider based in Hong Kong, today announced that, on November 12, 2024, it entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of Tokyo Bay Management Inc. ("Tokyo Bay"), a company incorporated under the laws of the British Virgin Islands. The total purchase price is US$1,500,000, subject to customary closing purchase price adjustments, in the form of 2,500,000 newly issued Class B ordinary shares of the Company at a price per Class B ordinary share of US$0.60 to the seller and key employees o
HONG KONG, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) ("PWM", or the "Company"), a wealth management and asset management services provider based in Hong Kong, today announced that, on November 5, 2024, it entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of InnoSphere Tech Inc.("InnoSphere Tech"), a company incorporated under the laws of the British Virgin Islands. The total purchase price is US$2,100,000, subject to customary closing purchase price adjustments, in the form of 3,500,000 newly issued Class B ordinary shares of the Company at a price per Class B ordinary share of US$0.60 to the seller and key employees of
HONG KONG, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ:PWM) ("PWM", or the "Company"), a wealth management and asset management services provider based in Hong Kong, today announced that, on August 20, 2024, it entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of SPW Global Inc, a company incorporated under the laws of the British Virgin Islands, which in turn wholly owns Wealth AI PTE LTD. or Wealth AI, a company incorporated under the laws of Republic of Singapore. The total purchase price is US$4,500,000, subject to customary closing purchase price adjustments, with US$3 million being paid in cash and the remaining US$1.5 m
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