WF International Completes Initial Public Offering
CHENGDU, China, April 02, 2025 — WF International Limited (NASDAQ: WXM), a provider of integrated electromechanical solutions specializing in HVAC, floor heating, and water purification systems, has announced the completion of its initial public offering (IPO). The company offered 1,400,000 ordinary shares to the public at a price of $4.00 per share, generating gross proceeds of $5,600,000 before deducting underwriting discounts and other expenses. The shares began trading on the Nasdaq Capital Market on April 1, 2025, under the ticker symbol “WXM.”
The underwriters also have a 30-day option to purchase up to 210,000 additional ordinary shares at the IPO price, representing 15% of the shares sold in the offering.
The Benchmark Company, LLC and Axiom Capital Management, Inc. were the joint book-running managers for the IPO. Ellenoff Grossman & Schole LLP served as U.S. counsel to the Company, and ArentFox Schiff LLP served as U.S. counsel to the underwriters.
A registration statement on Form F-1 related to the offering was filed with the SEC (File Number: 333-275382), as amended, and declared effective on December 20, 2024. A post-effective amendment to the registration statement (File No. 333-275382) was filed and declared effective on March 26, 2025. The offering was made only through a prospectus, which forms part of the registration statement. Electronic copies of the final prospectus, when available, can be found on the SEC’s website or by contacting The Benchmark Company, LLC, Prospectus Department, 150 E. 58th Street, 17th floor, New York, NY 10155, by email at , or by telephone at (212) 312-6700. The prospectus is also available on the SEC’s website.
Investors are encouraged to read the prospectus and other documents filed with the SEC for detailed information about the company and the offering. This press release is not an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About WF International Limited
WF International Limited specializes in providing supply, installation, fitting-out, and maintenance services for HVAC, floor heating, and water purification systems. With a focus on commercial and high-end residential projects in Sichuan, China, the company is a trusted provider of electromechanical solutions.
The company’s project portfolio includes installations for HVAC systems in locations such as the International Finance Squares across China, Chengdu Vanke Charm City, Chengdu Raffles Plaza, Chengdu Yinshi Plaza, Chengdu Metro No. Ten Line, and Panzhihua Jinhai Hotel.
Since 2017, WF International has expanded its services to include heating and water purification solutions, becoming an integrated supplier of electromechanical products and installation services for large commercial projects and real estate developers offering high-end furnished homes. Additional information is available at www.wf.international.
Forward-Looking Statements
This announcement contains forward-looking statements, including those related to the company’s anticipated use of proceeds from the IPO. These statements can be identified by terms such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” “potential,” and “continue.” These statements reflect current expectations and projections regarding future events that may impact the company’s financial condition, results of operations, business strategy, and financial needs. Actual results may differ materially due to risks and uncertainties, including those described in the “Risk Factors” section of the registration statement filed with the SEC. These risks include market conditions, industry growth and competition, supplier and customer dependencies, project execution capabilities, expansion plans, economic and political conditions, and technological changes. Further details are available in the company’s SEC filings. While the company believes these forward-looking statements are reasonable, there is no guarantee that they will prove accurate, and investors are cautioned that actual results may vary. Investors should not rely excessively on these statements. The company does not undertake to revise these statements to reflect events or circumstances after the date of this announcement.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:
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