Corporate ActionMay 8, 2026, 04:19 PM
Meiwu Technology Raises $15.65M in Private Placement
AI Summary
Meiwu Technology Company Limited completed a private placement, raising approximately $15.65 million in gross proceeds. The company issued 25,000,000 ordinary shares at a purchase price of $0.626 per share to certain purchasers. The funds are primarily intended to support the development of a new skincare management platform utilizing AI and data-analysis technologies, as well as for general corporate purposes and working capital. Both the company and purchasers agreed to 12-month lock-up periods on share transactions.
Key Highlights
- Meiwu Technology raised approximately $15,650,000 in gross proceeds from the offering.
- The company issued 25,000,000 ordinary shares in a private transaction.
- Shares were sold at a purchase price of $0.626 per share.
- Immediately following the offering, 26,330,471 Ordinary Shares are issued and outstanding.
- Proceeds will primarily fund the development of an AI and data-analysis skincare management platform.
- The company agreed to a 12-month lock-up on further share issuances, subject to exceptions.
- Purchasers also entered into a 12-month lock-up agreement not to sell their acquired shares.
Price Impact
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