Business
Wellchange Holdings Company Limited Announces $4 Million Private Placement
NEW YORK, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Wellchange Holdings Company Limited (“WCT” or the “Company”) (Nasdaq: WCT) today announced that it has entered into a securities purchase agreement (the “Agreement”) on September 9, 2025 with certain investor for the purchase and sale of up to an aggregate of 100,000,000 Class A ordinary shares, par value of $0.00005 per share (the “Class A Ordinary Shares”) of the Company, at a purchase price of about $0.04 per share in a private placement (the “Offe
About this update from Wellchange Holdings Company Limited
[{"type":"text","content":"NEW YORK, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Wellchange Holdings Company Limited (“WCT” or the “Company”) (Nasdaq: WCT) today announced that it has entered into a securities purchase agreement (the “Agreement”) on September 9, 2025 with certain investor for the purchase and sale of up to an aggregate of 100,000,000 Class A ordinary shares, par value of $0.00005 per share (the “Class A Ordinary Shares”) of the Company, at a purchase price of about $0.04 per share in a private placement (the “Offering”).","length":507,"tagName":"p"},{"type":"text","content":"The aggregate gross proceeds to the Company are expected to be approximately $4 million. The transaction was closed on September 15, 2025.","length":138,"tagName":"p"},{"type":"text","content":"Chaince Securities, LLC is acting as the sole placement agent.","length":62,"tagName":"p"},{"type":"text","content":"The Shares will be offered and sold to investors in the Offering pursuant to the exemption from the registration requirements of the Securities Act of 1933, as amended, and the rules and regulations of the Securities and Exchange Commission (“SEC”) thereunder (collectively, the “Securities Act”), in reliance upon Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated by the Commission under the Securities Act (“Regulation D”). The Company has agreed to register the resale of the Shares on a registration statement within 60 days from the date of the Agreement.","length":592,"tagName":"p"},{"type":"text","content":"This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.","length":309,"tagName":"p"},{"type":"text","content":"About Wellchange Holdings Company Limited","length":41,"tagName":"p"},{"type":"text","content":"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 “white-label” software design and development services. T...