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WF International Limited Announces Closing of Initial Public Offering

CHENGDU, China, April 02, 2025 (GLOBE NEWSWIRE) -- WF International Limited (the "Company") (NASDAQ:WXM), an integrated electromechanical solutions company specializing in the supply, installation, fitting-out, and maintenance of HVAC systems, floor heating systems, and water purification systems, today announced the successful closing of its initial public offering (the "Offering") of 1,400,000 ordinary shares at a public offering price of $4.00 per share (the "Offering Price") to the public. The Offering generated total gross proceeds of $5,600,000, before deducting underwriting discounts and other related expenses. The Company's ordinary shares began trading on the Nasdaq Capital Market on April 1, 2025, under the ticker symbol "WXM."

In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 210,000 ordinary shares at the Offering Price, representing 15% of the ordinary shares sold in the Offering.

The Benchmark Company, LLC and Axiom Capital Management, Inc. acted as joint book-running managers for the Offering. Ellenoff Grossman & Schole LLP acted as U.S. counsel to the Company, and ArentFox Schiff LLP acted as U.S. counsel to the underwriters, in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") (File Number: 333-275382), as amended, and was declared effective by the SEC on December 20, 2024. A post-effective amendment to the registration statement on Form F-1 relating to the Offering (File No. 333-275382) was filed with the SEC and was declared effective by the SEC on March 26, 2025. The offering of the ...

https://www.benzinga.com/pressreleases/25/04/g44617931/wf-international-limited-announces-closing-of-initial-public-offering