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Trio-Tech sells 1.05M shares to raise about $10M in offering
Trio-Tech International (NYSE: TRT) announced the closing of a Registered Direct Offering on April 27, 2026, selling 1,052,632 shares of common stock to raise approximately $10 million in gross proceeds before commissions and expenses. D. Boral Capital acted as the exclusive placement agent for the offering, which was conducted under an existing Form S-3 shelf registration. The offering creates some dilution for existing shareholders, but the funds are expected to support the company’s AI and automotive growth initiatives.