Park Ha Biological Closes $2.97M PIPE at $2.75/Share with Warrants
BYAH is trading near its 52-week low of $2.21 (13% above the low).
Summary
A $2.97 million PIPE at $2.75 per share with warrants for 1.85 million additional shares at $1.10 adds significant dilution for Park Ha Biological Technology, a micro-cap that recently reported a $918K loss and collapsing cash.
Key Events · Financing and Capital Events · BYAH
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PIPE Closed at $2.75/Share
The company sold 1,080,000 Class A ordinary shares at $2.75 per share to non-U.S. investors, raising approximately $2.97 million in gross proceeds before offering expenses.
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Warrants Add 1.85M Potential Shares
Purchasers received warrants to buy 1,845,452 Class A ordinary shares at $1.10 per share, exercisable immediately for five years — a strike price 56% below the current $2.50 market price.
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Highly Dilutive for Micro-Cap
The 1.08M shares issued plus 1.85M warrant shares represent a substantial increase over the company's current share count, with the warrants deeply in-the-money at today's price.
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Follows Distress Signals
This raise comes after a $918K net loss and collapsing cash reported July 24, 2026, and a $1.8M placement at $0.18 per share on August 3, 2026 — indicating ongoing cash needs.
Analysis · BYAH · Industrial Applications And Services
A $2.97 million PIPE closed on September 11, 2026, with Park Ha Biological Technology selling 1,080,000 Class A ordinary shares at $2.75 per share plus warrants to purchase 1,845,452 additional shares at $1.10. The deal comes just weeks after a 1-for-8 reverse split and a $1.8 million placement at $0.18 per share, and follows a $918K net loss with collapsing cash reported in July. The warrants are immediately exercisable and represent substantial potential dilution — if fully exercised, they would add roughly 1.85 million shares at a strike well below the current $2.50 price. For a company with a market cap around $5.6 million, this is a highly dilutive capital raise that extends runway but significantly pressures existing holders.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 35.8% of the 1618 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.19%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BYAH was trading at $2.50 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $5.6M. The 52-week trading range was $2.21 to $218.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.