Work Medical Technology Group (WOK) said Wednesday it has priced an offering of 10 million ordinary units, or pre-funded units in lieu of the ordinary units, at $0.50 per ordinary unit and $0.4995 per pre-funded unit.
Each ordinary unit consists of one class A ordinary share, one series A warrant to purchase one class A ordinary share at $1, and one series B warrant to purchase one class A ordinary share at $1. Each pre-funded unit consists of one pre-funded warrant to purchase one class A ordinary share, one series A warrant, and one series B Warrant, the company said.
Work Medical said it expects to receive $5 million in gross proceeds from the offering, which will be used for upgrading production equipment and investing in the company's PRC subsidiaries' research and development, hiring employees to improve the systems of internal control and compliance with the US GAAP and the Sarbanes-Oxley Act of 2002, and for working capital and general corporate purposes.
Shares were 76% higher ahead of Wednesday's opening bell.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。