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Wellchange Holding Company Limited Announces Pricing of $10 Million Public Offering of its Ordinary Shares
Hong Kong, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Wellchange Holding Company Limited (NASDAQ: WCT) (“Company” or the “Wellchange”), an enterprise software solution
About this update from Wellchange Holdings Company Limited
[{"type":"text","content":"Hong Kong, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Wellchange Holding Company Limited (NASDAQ: WCT) (“Company” or the “Wellchange”), an enterprise software solution services provider headquartered in Hong Kong, today announced the pricing of its public offering (“Offering”) of 25,000,000 ordinary shares at a public offering price of $0.40 per ordinary share. Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $10 million. The Offering is expected to close on January 17, 2025, subject to customary closing conditions. Revere Securities LLC is acting as exclusive placement agent in connection with the Offering. Pacific Century Securities, LLC is acting as advisor to the Company in connection with the Offering. Ortoli Rosenstadt LLP is acting as counsel to the Company regarding U.S. securities law matters. Hunter Taubman Fischer & Li LLC is acting as U.S. securities counsel for the placement agent. The securities described above are being offered pursuant to a registration statement on Form F-1, as amended (File No. 333-284034) (the “Registration Statement”), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 14, 2025. The Offering is being made only by means of a prospectus which is a part of the Registration Statement. A preliminary prospectus relating to the Offering has been filed with the SEC. Copies of the final prospectus relating to the Offering, when available, may be obtained from Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY 10022, at +1 (212) 688-2350. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Wellchange Holdings Company Limited Wellchange Holdings Company Limited is an enterprise software solution services provider headquartered in Hong Kong. The Company conducts all operations in Hong Kong through its operating subsidiary, Wching Tech Ltd Co. The Company provides customized software solutions, cloud-based software-as-a-service (“SaaS”) platforms, and ...