Core Points - Wang & Lee Group, Inc. has entered into a securities purchase agreement for the sale of 3,529,400 ordinary shares at a price of $3.40 per share, along with Series A and Series B warrants [1] - The gross proceeds from the offering are estimated to be approximately $12 million before deducting fees and expenses [2] - The offering is being conducted under a shelf registration statement declared effective by the SEC on January 27, 2025 [3] Company Overview - Wang & Lee Group, Inc. is a Hong Kong-based construction prime and subcontractor specializing in the installation of Electrical & Mechanical Systems, including low voltage electrical systems, mechanical ventilation, air-conditioning, fire service systems, and water supply and sewage disposal systems [5] - The company provides design and contracting services across all trades in the construction industry, serving clients from small startups to large corporations [5]
Wang & Lee Group Announces Pricing of $12.0 Million Registered Direct Offering