Aurelion Inc.
Our Corporate History The Company was incorporated under the laws of the Cayman Islands as an exempted company with limited liability on October 25, 2018. On July 10, 2023, we completed the IPO of 1,0…
Our Corporate History The Company was incorporated under the laws of the Cayman Islands as an exempted company with limited liability on October 25, 2018. On July 10, 2023, we completed the IPO of 1,000,000 ordinary shares of par value of $0.000625. The ordinary shares were sold at an offering price of $5.00 per share. On February 1, 2024, the Company completed its recapitalization where ordinary shares were re-designated and re-classified as Class A Ordinary Shares and Class B Ordinary Shares and Class A Ordinary Shares began trading on the Nasdaq Capital Market. In July 2024, Prestige Asset Management Limited ( PAM ), a Hong Kong corporation previously wholly owned by us, submitted an application of cessation of business to the SFC, to notify the SFC that it would be ceasing its business of regulated activities under SFO, including regulated activities related to advising on securities (SFO Type 4 License) and regulated activities related to asset management (SFO Type 9 License), from August 8, 2024. The SFC approved the application on December 6, 2024. On August 20, 2024, the Company entered into a definitive acquisition agreement, pursuant to which it would 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. In addition, key employees will be retained and continue to be employed by Wealth AI after closing of the transaction.
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