Form 8-K

8-K — TOP Financial Group Ltd

Accession: 0001213900-26-110029

Filed: 2026-10-16

Period: 2026-10-16

CIK: 0001848275

SIC: 6200 (SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — ea0308724-8k_topfin.htm (Primary)

EX-99.1 — PRESS RELEASE, DATED OCTOBER 16, 2026 (ea030872402ex99-1.htm)

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8-K — CURRENT REPORT

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities

Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 16, 2026

TOP FINANCIAL GROUP LIMITED

(Exact name of registrant as specified in its charter)

Cayman Islands

001-41407

N/A

(State or Other Jurisdiction

(Commission File Number)

(I.R.S. Employer

of Incorporation)

Identification No.)

4201 Main Street, Suite 200,

Houston, Texas 77002

(Address of Principal Executive Office) (Zip Code)

+1 (832) 680-5068

(Registrant’s telephone number, including

area code)

Securities registered pursuant to Section 12(b)

of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Ordinary Shares, par value $0.005 per share

TOP

The Nasdaq Stock Market LLC (Nasdaq Capital Market)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General

Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the

Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

October 16, 2026, TOP Financial Group Limited, a Cayman Islands exempted company (the “Company”), issued a press release announcing

its updated share capital structure, including the number of Class A ordinary shares and Class B ordinary shares outstanding and its estimated

public float. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference

into this Item 7.01.

The

information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished

and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange

Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing

under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such

filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

EXHIBIT INDEX

Exhibit No.

Description

99.1

Press Release, dated October 16, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 16, 2026

TOP Financial Group Limited

By:

/s/ Jennifer H.L. Tam

Name:

Jennifer H.L. Tam

Title:

Co-Chief Executive Officer

EX-99.1 — PRESS RELEASE, DATED OCTOBER 16, 2026

EX-99.1

Filename: ea030872402ex99-1.htm · Sequence: 2

Exhibit 99.1

TOP

Financial Group Limited Announces Updated Share Capital Structure and Free Public Float

HOUSTON,

Texas, Oct. 16, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ: TOP, “TOP” or the “Company”), a

fast-growing online brokerage firm specializing in local and foreign equities, futures, and options products, today announced its updated

share capital configuration, details regarding outstanding ordinary shares, and the company’s estimated free public floating shares.

of October 13, 2026, the Company’s share capital profile is categorized across its active security lines as follows:

Total

Outstanding Shares: 123,706,506 ordinary shares across all classes.

Class

A shares: 121,706,506 outstanding shares.

Class

B shares: 2,000,000 outstanding shares.

Total

Non-Restricted (Free Public Float) Shares: 100,867,842 Class A ordinary shares.

Total

Restricted Shares: 20,838,664 Class A ordinary shares that are restricted securities or are held by affiliates of the Company.

This

disclosure aligns with the Company’s continuous dedication to maintaining maximum market transparency, providing the public, shareholders,

and potential investors with clear metrics regarding the active liquidity and distribution of its shares.

About

TOP Financial Group Limited

The

Company, through its operating subsidiaries, provides diversified services including online brokerage platforms specializing in the trading

of local and foreign equities, futures, and options products, assets and funds management services, trading solutions services, money

lending services, trust services, investor relations and public relations services. In addition, the Company has also entered into artificial

intelligence (AI) business segments.

The

operating subsidiaries, Zhong Yang Securities Limited and Zhong Yang Capital Limited are licensed with the Securities and Futures Commission

of Hong Kong (“HKSFC”) to carry out type 1 (dealing in securities), type 2 (dealing in futures contracts) regulated activities,

and are licensed with the HKSFC to carry out type 4 (advising on securities), type 5 (advising on futures contracts), and type 9 (asset

management) regulated activities in Hong Kong. TOP completed its acquisition of Australia licensed company TOP 500 Sec Pty Ltd. The subsidiary

will be able to provide dealing services in derivatives and foreign exchange contracts, and financial product advice for derivatives,

foreign exchange contracts, debentures, stocks or bonds. TOP established TOP Financial Pte Ltd under the laws of Singapore. The Singapore

subsidiary acquired the CMS license from the Monetary Authority of Singapore (“MAS”) to carry out regulated activities in

dealing in capital markets products. The operating subsidiary, WIN100 TECH Limited, is a Fintech development and IT support company.

It provides trading solutions for clients trading on the world’s major derivatives and stock exchanges. Winrich Finance Limited

was formed under the laws of Hong Kong and is a licensed money lending company governed by the Money Lenders Ordinance. Winrich Trust

Limited was formed under the laws of Hong Kong to provide trust services to clients. TOP also completed its acquisition of Zhong Yang

Financial Services Limited formed under the laws of Hong Kong to provide investor relations and public relations services. The subsidiary

has acquired the TCSP license registered with the Companies Registry of Hong Kong. For more information, please visit http://www.zyfgl.com/.

Forward-Looking

Statements

This

press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking

statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions

and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will,

“intend,” “should,” “believe,” “expect,” “anticipate,” “project,”

“estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results

to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject

to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and general market conditions,

and other factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K and other filings

with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements

in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at

www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances

that arise after the date hereof.

For

more information, please contact:

Investor

Relations:

ZYIR

Limited

Ms.

Choy Yuen Yin Clare, Director

Department

Email:

IR@top500.com

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