TOP Financial Group Limited Announces Full Exercise of All Outstanding Warrants Following Cashless Exercise

SINGAPORE, July 21, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ: TOP) (“TOP” or the “Company”), an online brokerage firm specializing in local and foreign equities, futures, and options products, today announced that the outstanding warrants to purchase up to 428,862,444 Class A ordinary shares of the Company, issued in connection with its recently completed private placement, have been exercised in full on a cashless basis. The cashless exercise resulted in the cancellation of all remaining outstanding placement warrants. The Company issued an aggregate of 360,534,431 Class A ordinary shares upon exercise. As a result of the exercise, all of the outstanding warrants were canceled and are no longer outstanding. The Company did not receive any cash proceeds from the exercise.