Wellchange Holding Company Limited Announces Closing of $10 Million Public Offering of its Ordinary Shares
Summary
Hong Kong, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Wellchange Holding Company Limited (NASDAQ: WCT) (Company or the Wellchange), an enterprise software solution services provider headquartered in Hong Kong, today announced the closing of its public offering of 25,000,000 ordinary shares at a public offering price of $0.40 per ordinary share.Gross proceeds, before deducting placement agent fees and other offering expenses, were approximately $10 million.Revere Securities LLC acted as exclusive placement agent in connection with the Offering.Pacific Century Securities, LLC acted as advisor to the Company in connection with the Offering.Ortoli Rosenstadt LLP acted as counsel to the Company regarding U.S. securities law matters. The Companys mission is to empower our customers and users, in particular, small and medium businesses, to accelerate their digital transformation, optimize productivity, improve customer experiences, and enable resource-efficient growth with our low-cost, user-friendly, reliable and integrated all-in-one Enterprise Resource Planning software solutions.For more information, please visit the Companys website: https://www.wchingtech.com/Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Companys current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as approximates, believes, hopes, expects, anticipates, estimates, projects, intends, plans, will, would, should, could, may or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.For investor and media inquiries, please contact: