WF Holding Ltd

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.

WF Holding Limited announced it has regained compliance with Nasdaq's minimum $1.00 closing bid price requirement. The company had previously received a non-compliance notification in October 2025 and was granted until April 27, 2026, to resolve the issue. Compliance was achieved after implementing a 1-for-5 reverse share split on April 13, 2026, with the share price remaining above $1.00 for 11 consecutive business days.