Wellchange Holding Company Limited Completes $10 Million Share Offering “`
Hong Kong, Jan. 17, 2025 — Wellchange Holding Company Limited (NASDAQ: WCT), a Hong Kong-based enterprise software solutions provider, completed a public offering of 25,000,000 ordinary shares, priced at $0.40 per share.
Gross proceeds from the offering totaled approximately $10 million, before deducting placement agent fees and other expenses.
Revere Securities LLC served as the exclusive placement agent.
Pacific Century Securities, LLC acted as the Company’s advisor for the offering.
Ortoli Rosenstadt LLP provided the Company with legal counsel on U.S. securities law matters. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel for the placement agent.
The shares were offered under a registration statement on Form F-1 (File No. 333-284034), declared effective by the SEC on January 14, 2025. The offering was made solely through a prospectus included in the registration statement. A preliminary prospectus was filed with the SEC. Copies of the final prospectus are available from Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY 10022, at +1 (212) 688-2350.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities. Sales are prohibited in jurisdictions where such offers, solicitations, or sales are unlawful before registration or qualification under applicable securities laws.
About Wellchange Holdings Company Limited
Wellchange Holdings Company Limited is an enterprise software solutions provider based in Hong Kong, operating through its subsidiary, Wching Tech Ltd Co. It offers customized software solutions, cloud-based SaaS platforms, and white-label software design and development services. The Company aims to help businesses, particularly small and medium-sized enterprises, accelerate digital transformation, enhance productivity, improve customer experiences, and achieve efficient growth through cost-effective, user-friendly, and integrated ERP solutions.
For more information, please visit the Company’s website:
Forward-Looking Statements
This announcement includes forward-looking statements, subject to known and unknown risks and uncertainties. These statements are based on the Company’s current expectations and projections regarding factors that may impact its financial condition, results of operations, business strategy, and financial needs. Such statements often include words like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and similar expressions. While the Company believes these statements are reasonable, there are no guarantees. Actual results may differ significantly. Investors should review the risk factors in the Company’s final prospectus and SEC filings before investing. The Company is not obligated to update forward-looking statements unless required by law.
For investor and media inquiries, please contact:
Wellchange Holdings Company Limited
Shek Kin Pong, CEO
Email:
“`