WiMi Hologram Cloud Inc. Announces Closing of Underwritten Initial Public Offering
WiMi Hologram Cloud Inc. - American Depositary Share (WIMI)
Company Research
Source: PR Newswire
BEIJING, April 3, 2020 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading AR services provider in China, announced the closing of its previously announced underwritten initial public offering of 4,750,000 American Depositary Shares ("ADSs"), each representing two Class B ordinary shares of the Company. The aggregate gross proceeds to the company from the offering, before deducting underwriting discounts and commission and estimated offering expenses, totaled approximately $26.0 million. As previously announced, the company has granted the underwriters a 30-day over-allotment option to purchase up to 712,500 ADSs at the public offering price, less underwriting discounts and commissions.The Company intends to use the proceeds from its IPO to boost holographic R&D, as well as for strategic acquisitions and investments.The Benchmark Company LLC, Valuable Capital Limited, Maxim Group LLC, China Merchants Securities (HK) Co. Ltd, BOCI Asia Ltd, and
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WIMI
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- WiMi Researches Consensus Algorithms for Blockchain-based Internet of Things ApplicationsPR Newswire
- WiMi Developed a Decentralized Cloud Manufacturing Model Based on Blockchain(BC)PR Newswire
- WiMi Researches Reinforcement Learning-Based Blockchain Federated Learning Framework to Optimize Model Aggregation Strategy and SecurityPR Newswire
- WiMi Hologram Cloud Inc. Researches Innovative Cloud Service Trust Interaction Framework Based on Blockchain TechnologyPR Newswire
- WiMi is Working on a Blockchain-Enhanced Federal Learning Privacy-Preserving MechanismPR Newswire
WIMI
Sec Filings
- 11/21/24 - Form 6-K
- 10/15/24 - Form 6-K
- 8/26/24 - Form F-3/A
- WIMI's page on the SEC website