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Marwynn Holdings (NASDAQ: MWYN) announced the partial exercise of the over-allotment option from its recent IPO, resulting in the sale of an additional 50,000 shares of common stock at $4 per share, generating $200,000 in gross proceeds before deductions.
The company, which specializes in supply chain solutions for food, non-alcoholic beverages, and indoor home improvement products, began trading on the Nasdaq Capital Market on March 13, 2025. The net proceeds will fund supply chain enhancements, business expansion, sales and distribution growth, talent development, working capital, and general corporate purposes.
American Trust Investment Services (ATIS) served as the sole book-running manager for the offering, which was registered with the SEC and became effective on March 11, 2025.
Marwynn Holdings has successfully completed its Initial Public Offering (IPO), raising $8 million in gross proceeds through the sale of 2 million shares at $4.00 per share. The company began trading on the Nasdaq Capital Market on March 13, 2025, under the ticker symbol MWYN.
The underwriters have a 45-day option to purchase up to an additional 300,000 shares at the IPO price. The net proceeds will fund:
- Supply chain enhancements
- Business expansion
- Sales and distribution growth
- Talent development and retention
- Working capital and general corporate purposes
American Trust Investment Services acted as the sole book-running manager for the offering, which became effective on March 11, 2025.
Marwynn Holdings Inc (NASDAQ: MWYN) has successfully completed its Initial Public Offering (IPO), raising $8 million through the sale of 2 million shares at $4.00 per share. American Trust Investment Services (ATIS) served as the sole underwriter for the transaction.
Marwynn Holdings operates through two wholly-owned subsidiaries: FuAn Enterprise and Grand Forest Cabinetry, focusing on supply chain solutions for food, non-alcoholic beverages, and indoor home improvement products. The company plans to utilize the IPO proceeds for systems enhancement, service expansion, sales and distribution channel development, talent acquisition and retention, and general corporate purposes.
Marwynn Holdings, a supply chain solutions provider for food, non-alcoholic beverages, and indoor home improvement products, has announced the pricing of its Initial Public Offering (IPO). The company is offering 2,000,000 shares of common stock at $4.00 per share, with an additional 45-day overallotment option for 300,000 shares.
The IPO is expected to generate gross proceeds of approximately $8,000,000 before deducting underwriting costs and expenses. Trading will commence on the Nasdaq Capital Market on March 13, 2025, under the ticker symbol 'MWYN', with the offering scheduled to close on March 14, 2025.
The company plans to utilize the net proceeds for:
- Supply chain enhancements
- Business expansion
- Sales and distribution growth
- Talent development and retention
- Working capital
- General corporate purposes
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