Business
WF International Announces Closing of $3.44 Million Follow-on Public Offering
WF International Limited (the "Company" or "WF International") (NASDAQ: WXM), an integrated electromechanical solutions company specializing in the supply, installation, fitting-out, and maintenance of HVAC systems, floor heating systems, and water purification systems, today announced the closing of its follow-on public offering of 1,720,688 units (the "Units") at a public offering price of $2.00 per Unit. Each Unit consists of one ordinary share, par value $0.000001 per share, and one warrant
About this update from Wf International Limited
[{"type":"text","content":"CHENGDU, China, Nov. 6, 2025 /PRNewswire/ -- WF International Limited (the "Company" or "WF International") (NASDAQ: WXM), an integrated electromechanical solutions company specializing in the supply, installation, fitting-out, and maintenance of HVAC systems, floor heating systems, and water purification systems, today announced the closing of its follow-on public offering of 1,720,688 units (the "Units") at a public offering price of $2.00 per Unit. Each Unit consists of one ordinary share, par value $0.000001 per share, and one warrant to purchase one ordinary share (the "Warrants"). The Warrants are exercisable immediately upon issuance at an exercise price equal to 100% of the public offering price, and will expire five years from the date of issuance. The ordinary shares and Warrants included in the Units are immediately separable and will be issued separately.","length":924,"tagName":"p"},{"type":"text","content":"The Company received aggregate gross proceeds of approximately $3.44 million from the offering, before deducting placement agent fees and estimated offering expenses. The offering was being conducted on a "reasonable best efforts" basis.","length":247,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from this offering for talent acquisition and general corporate and working capital purposes.","length":137,"tagName":"p"},{"type":"text","content":"The Benchmark Company, LLC and Axiom Capital Management, Inc. acted as placement agents for the offering.","length":105,"tagName":"p"},{"type":"text","content":"The securities are being offered pursuant to a registration statement on Form F-1 (File No. 333-290595), as amended, which was previously filed with the Securities and Exchange Commission ("SEC") and became automatically effective on November 3, 2025 pursuant to Section 8(a) of the Securities Act of 1933, as amended. The offering is being made only by means of a prospectus forming a part of the effective registration statement. A final prospectus relating to and describing the terms of the offering has been filed with the SEC and may be obtained by contacting The Benchmark Company, LLC at 150 East 58th Street, 17th Floor, New York, NY 10155, or by email at [email protected], or from Axiom Capital Man...