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0 -0.00251889168765738 0.138539042821159 0.10831234256927 0.0654911838790933 0.0579345088161209 0.0554156171284635 0.022670025188917
Stock impact report

WORK Medical Technology Group LTD Announces Partial Exercise of Underwriters’ Over-Allotment Option

WORK Medical Technology Group LTD - Ordinary Shares (WOK) 
Company Research Source: GlobeNewswire
Hangzhou, China, Aug. 29, 2024 (GLOBE NEWSWIRE) -- WORK Medical Technology Group LTD (Nasdaq: WOK) (the “Company”), a supplier of medical devices in China, today announced the underwriter of its initial public offering (the "Offering") has partially exercised its over-allotment option to purchase an additional 91,942 ordinary shares at the public offering price of US$4.00 per share. After giving effect to the partial exercise of the over-allotment option, the total number of ordinary shares sold by the Company in the public offering increased to 2,091,942 ordinary shares and the gross proceeds increased to approximately $8.37 million, before deducting underwriting discounts and offering expenses payable by the Company. The option closing date was August 29, 2024. The ordinary shares began trading on the Nasdaq Capital Market on August 23, 2024, under the ticker symbol “WOK.” Proceeds from the Offering will be used for (i) upgrading production equipment and increasing production cap Show less Read more
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