Wing Yip Food Holdings Group’s Underwriters Fully Exercise Over-Allotment Option “`

January 16, 2025 by No Comments

Wing Yip Food Holdings Group Limited (Wing Yip) (Nasdaq: WYHG), a Chinese meat processor, announced the full exercise of the over-allotment option in its initial public offering (IPO). Underwriters purchased an additional 307,500 American Depositary Shares (ADSs) at US$4.00 per ADS, generating an extra US$1.23 million in gross proceeds. Each ADS represents one ordinary share. This brings the total ADSs sold to 2,357,500, with total gross proceeds reaching approximately US$9.43 million before deductions. The option closed on January 14, 2025, and ADSs began trading on the Nasdaq Capital Market on November 26, 2024, under the symbol “WYHG.”

Dawson James Securities, Inc. and D. Boral Capital LLC served as underwriters. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel for Wing Yip, and Nelson Mullins Riley & Scarborough LLP as U.S. counsel to the underwriters.

Wing Yip plans to use the IPO proceeds for upgrading and establishing production lines, marketing and product promotion, research and development, and working capital and general corporate purposes.

The Offering’s registration statement (Form F-1, File Number: 333-277694) was declared effective by the SEC on November 6, 2024. Prospectuses are available from Dawson James Securities, Inc. at 101 North Federal Highway, Suite 600, Boca Raton, FL 33432, (561) 391-5555, or ; or from D. Boral Capital LLC, Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, syndicate@dboralcapital.com, (212) 970-5150; or via the SEC website at .

This press release is not an offer to sell or solicitation of an offer to buy securities, and is void where prohibited by law.

About Wing Yip Food Holdings Group Limited

Wing Yip is a mainland China-based meat processor. The company sells products under its “Wing Yip” brand (established in 1915), as well as “Jiangwang” and “Kuangke” snack brands. Products are sold through company-owned stores, distributors, and e-commerce platforms in over 18 Chinese provinces. Wing Yip processes cured, snack, and frozen meat products and is dedicated to product development and expanding its offerings.

For more information, visit the company’s website: . Website information is not part of this release.

Forward-Looking Statements

This announcement contains forward-looking statements involving risks and uncertainties, based on current expectations and projections. These statements may use terms like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” or “continue.” The company disclaims any obligation to update these statements except as legally required. Actual results may differ materially. See the “Risk Factors” section of the Registration Statement filed with the SEC for more information. Additional information is in the Company’s SEC filings, available at .

For more information, please contact:

Wing Yip Food Holdings Group Limited
Investor Relations Department
Email:

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: