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
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News
- Kingswood Capital Partners, LLC Announces Closing of $8 Million Initial Public Offering of Ordinary Shares for its Client WORK Medical Technology Group LTD. (Nasdaq: WOK)GlobeNewswire
- WORK Medical Technology Group LTD Announces Closing of Initial Public OfferingGlobeNewswire
- Kingswood Capital Partners, LLC Announces Pricing of $8 Million Initial Public Offering of Ordinary Shares for its Client WORK Medical Technology Group LTD. (Nasdaq: WOK)GlobeNewswire
- WORK Medical Technology Group LTD Announces Pricing of Initial Public OfferingGlobeNewswire