Marwynn Holdings, Inc. Announces Pricing of Initial Public Offering

About this update from Marwynn Holdings, Inc.

[{"type":"text","content":"IRVINE, CA / ACCESS Newswire / March 12, 2025 / Marwynn Holdings, Inc. ("Marwynn" or the "Company"), a leading supply chain solutions provider for food, non-alcoholic beverages, and indoor home improvement products, today announced the pricing of its initial public offering (IPO) of 2,000,000 shares of its common stock, $0.001 par value per share, at a public offering price of $4.00 per share. In addition, Marwynn has granted the underwriter a 45-day option ("Overallotment") to purchase up to an additional 300,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions.","length":659,"tagName":"p"},{"type":"text","content":"The gross proceeds to Marwynn from the Offering (assuming that the Overallotment is not exercised), before deducting underwriting discounts and commissions and estimated offering expenses payable by Marwynn, is expected to be approximately $8,000,000.","length":251,"tagName":"p"},{"type":"text","content":"The shares are expected to begin trading on the Nasdaq Capital Market on March 13, 2025, under the ticker symbol "MWYN". The offering is expected to close on March 14, 2025, subject to the satisfaction or waiver of customary closing conditions.","length":254,"tagName":"p"},{"type":"text","content":"Marwynn Holdings, Inc. intends to use the net proceeds from the offering towards supply chain enhancements, business expansion, sales and distribution growth, talent development and retention, working capital, and other general corporate purposes.","length":247,"tagName":"p"},{"type":"text","content":"American Trust Investment Services, Inc. is acting as the representative of the underwriters of this offering.","length":110,"tagName":"p"},{"type":"text","content":"A registration statement on Form S-1 (File No. 333-284245) relating to the shares was filed with the U.S. Securities and Exchange Commission and became effective on March 11, 2025. This offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the prospectus relating to the offering, when available, may be obtained by contacting American Trust Investment Services, Inc., 230 W. Monroe, Suite 300 Chicago, IL, 60606, USA or via email at [email protected].","length":516,"tagName":"p"},{"type":"text","content...

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