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)
WORK Medical Technology Group LTD - Ordinary Shares (WOK)
Company Research
Source: GlobeNewswire
New York, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Kingswood Capital Partners, LLC today announced the closing of an initial public offering (the “Offering”) of 2,000,000 ordinary shares at a public offering price of US$4.00 per ordinary share for its client WORK Medical Technology Group LTD. (Nasdadq: WOK) (the “Company”), a supplier of medical devices in China. The ordinary shares began trading on August 23, 2024 under the ticker symbol "WOK." The gross proceeds of the Offering were approximately US$8.00 million, before deducting underwriting discounts and other related expenses. Proceeds from the Offering will be used for (i) upgrading production equipment and increasing production capacity, (ii) developing masks, other medical consumables and medical devices, (iii) product marketing, (iv) patent purchases, and (v) working capital and other general corporate purposes. The Offering was conducted on a “firm commitment” basis. Kingswood Capital Partners, LLC ("Kingswood") was the sole b
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News
- WORK Medical Technology Group LTD Announces Partial Exercise of Underwriters’ Over-Allotment OptionGlobeNewswire
- 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