ORGANIZATION AND DESCRIPTION OF BUSINESS |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ORGANIZATION AND DESCRIPTION OF BUSINESS [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ORGANIZATION AND DESCRIPTION OF BUSINESS |
Waton Financial Limited (“Waton Financial” or the “Company”) is a holding company incorporated in the British
Virgin Islands (“BVI”) with limited liability on June 25, 2010 under the original name of “IAM Group Inc.”, which name was changed to “Waton Financial Limited” on July 5, 2023, and conducts its business mainly through its subsidiaries
in Hong Kong (hereafter, the “Group”), namely Waton Securities International Limited (“WSI”). WSI principally engaged in the provision of (i) securities brokerage and distribution services, margin financing services and other
ancillary services; and (ii) software licensing and related support services, including licensing and Software-as-a-Service (“SaaS”) based delivery of trading platform applications, upgrades and enhancements, maintenance and other
related services to securities brokers and financial institutions. Since September 2023, Waton Technology International Limited (“WTI”) has engaged in the provision of software licensing and related support services, including
licensing of trading platform applications, upgrades and enhancements, maintenance and other related services to securities brokers and financial institutions.
On November 5, 2025, Waton AI Genius Holding Limited, a wholly owned subsidiary of the Company, is incorporated in
the BVI with limited liability and the principal business is investment holding.
As of March 31, 2026, the Company’s operating subsidiaries are as follows:
On April 2, 2025, the Company closed its initial public offering (“IPO”) of 4,375,000 ordinary shares and the sale of an additional 656,250 ordinary shares (the “Over-allotment”), pursuant to the full exercise of the over-allotment option granted to the underwriters in connection with the IPO. The offering
price was $4.00 per share. The aggregate net proceeds of the IPO and Over-allotment were $18,234,300, after deducting underwriting discounts and offering expenses. The ordinary shares of the Company were approved for listing on
The Nasdaq Capital Market and commenced trading under the ticker symbol “WTF” on April 1, 2025.
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