HONG KONG, Oct.17, 2024 (GLOBE NEWSWIRE) -- Wellchange Holdings Company Limited (the "Company” or "Wellchange”) (Nasdaq: WCT), an enterprise software solution services provider headquartered in Hong Kong, today announced that the underwriters of its previously announced initial public offering (the "Offering") have exercised their over-allotment option in full to purchase an additional 165,000 ordinary shares at the public offering price of US$4.00 per share, resulting in additional gross proceeds of $660,000.
The Ordinary Shares had begun trading on the Nasdaq Capital Market on October 2, 2024, under the ticker symbol "WCT.” Net proceeds from the Offering will be used by the Company for enhancing its service capacity by improving core software technologies and expanding its SaaS platform, marketing and branding efforts through offline and online campaigns, and for international expansion, including establishing operations in the United States and Australia and pursuing strategic mergers, acquisitions, or investments, as well as for general working capital and corporate purposes.
In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC’s website at This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
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Author / Journalist: Wellchange Holdings Company Limited
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