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Alpha Technology Group Limited Announces Exercise of the Underwriter’s Over-Allotment Option

Hong Kong, Nov. 21, 2023 (GLOBE NEWSWIRE) — Alpha Technology Group Limited (NASDAQ: ATGL) (the “Company” or “Alpha”), an established cloud-based IT solution service provider in Hong Kong, today announced that Prime Number Capital LLC, as underwriter of the Company’s initial public offering (the “Offering”), has fully exercised the over-allotment option (the “Option”) to purchase an additional 262,500 Ordinary Shares at the public offering price of $4.00 per share. As a result, the Company has raised gross proceeds of $1,050,000, in addition to the previously gross proceeds of approximately $7,000,000, before deducting underwriting discounts and offering expenses, already received in the Offering.