WF Holding Limited Announces Underwriters’ Exercise of Over-Allotment Option
Summary
KUALA LUMPUR, May 07, 2025 (GLOBE NEWSWIRE) -- WF Holding Limited (NASDAQ: WFF) (WF Holding or Company), a Malaysia-based manufacturer of fiberglass reinforced plastic (FRP) products, today announced the underwriters of its initial public offering (the "Offering") have partially exercised their over-allotment option to purchase an additional 240,000 ordinary shares at the public offering price of US$4.00 per share, resulting in additional gross proceeds of US$960,000.After giving effect to the partial exercise of the over-allotment option, the total number of ordinary shares sold by the Company in the public offering increased to 2,240,000 ordinary shares and the gross proceeds increased to approximately US$8.96 million, before deducting underwriter discounts and other related expenses. The option closing date was May 7, 2025.The ordinary shares began trading on the Nasdaq Capital Market on March 27, 2025, under the ticker symbol "WFF. Our high-quality and durable products leverage the advantages of FRP to reinforce critical industrial infrastructure, driving resilience, longevity and sustainability. Investors can find many (but not all) of these statements by the use of words such as may, could, will, should, would, expect, plan, intend, anticipate, believe, estimate, predict, potential, project or continue or the negative of these terms or other comparable terminology in this press release. 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.