InvestmentJun 11, 2026, 04:08 PM
WF Holding Completes $5M Private Placement of Units
AI Summary
WF Holding Limited completed a private placement, raising $5 million in gross proceeds. The company issued 4,032,258 units at $1.24 per unit, with each unit comprising one ordinary share and one warrant to purchase ten ordinary shares. The proceeds are designated for working capital and general corporate purposes. The agreement includes a 24-month restriction on the company issuing new equity without the consent of requisite purchasers, and a 12-month lock-up period for the purchasers.
Key Highlights
- Completed a private placement, raising $5,000,000 in gross proceeds.
- Issued 4,032,258 units at a purchase price of $1.24 per unit.
- Each unit consists of one ordinary share and one warrant to purchase ten ordinary shares.
- Warrants allow for the purchase of 40,322,580 ordinary shares.
- Warrants are exercisable for five years at an initial price of $0.248.
- Company will use net proceeds for working capital and general corporate purposes.
- Company agreed to a 24-month restriction on issuing new equity without purchaser consent.
- Purchasers are subject to a 12-month lock-up period on their shares and equivalents.
Price Impact
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