Marwynn Announces Closing of Its Initial Public Offering

Rhea-AI Summary

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.

Positive

• Successfully raised $8 million in gross proceeds through IPO
• Achieved Nasdaq Capital Market listing
• Underwriters have option for additional 300,000 shares
• Proceeds allocated to strategic growth initiatives

Negative

• Small IPO size may limit growth potential
• Potential dilution if underwriters exercise additional share option

Insights

Financial Analyst

Marwynn Holdings' successful $8 million IPO represents a significant milestone for the supply chain solutions provider. By offering 2 million shares at $4.00 per share, the company has secured substantial capital for growth initiatives while establishing its presence on the Nasdaq Capital Market under ticker MWYN.

The current trading price of $4.30 represents a 7.5% premium over the offering price, indicating positive initial investor reception. This early price action suggests the market views the offering favorably, though it's still in the very early stages of public trading.

With the 45-day option for underwriters to purchase an additional 300,000 shares, Marwynn could potentially increase its capital raise by $1.2 million if fully exercised. This standard "greenshoe" provision helps stabilize early trading while potentially increasing available growth capital.

The company's allocation of proceeds toward supply chain enhancements, business expansion, and sales growth demonstrates a focus on scaling operations. For investors, the successful IPO execution provides Marwynn with both working capital and enhanced visibility as a public entity.

At $8 million, this represents a relatively modest IPO compared to typical public offerings, suggesting Marwynn is at an earlier stage in its growth trajectory. The company's focus on food, non-alcoholic beverages, and indoor home improvement product supply chains positions it in stable consumer market segments with ongoing demand for logistics optimization.

IRVINE, CA / ACCESS Newswire / March 14, 2025 / Marwynn Holdings, Inc. ("Marwynn" or the "Company"), a leading supply chain solutions provider for food, non-alcoholic beverages, and indoor home improvement products, today announced the closing of its previously announced initial public offering of an aggregate of 2,000,000 shares of its common stock, $0.001 par value per share (the "Shares") at an offering price of $4.00 per share to the public, for a total of $8,000,000 in gross proceeds to the Company (the "Offering"), before deducting underwriting discounts and estimated offering expenses. The Shares began trading on The Nasdaq Capital Market on March 13, 2025 under the ticker symbol "MWYN."

In addition, Marwynn has granted the underwriters a 45-day option to purchase up to an additional 300,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions.

The net proceeds from the Offering are expected to be used for supply chain enhancements, business expansion, sales and distribution growth, talent development and retention, working capital, and other general corporate purposes. American Trust Investment Services, Inc. ("ATIS") acted as the representative of the underwriters and sole book-running manager for the Offering. Lewis Brisbois Bisgaard & Smith LLP acted as legal counsel to the Company and DeMint Law, PLLC acted as legal counsel to ATIS for the Offering.

A registration statement relating to the offering has been filed with the U.S. Securities and Exchange Commission ("SEC") and became effective on March 11, 2025. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from American Trust Investment Services, Inc., 230 W. Monroe, Suite 300 Chicago, IL, 60606, USA or via email at IB@amtruinvest.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Marwynn Holdings, Inc.

Marwynn Holdings, Inc. is a Nevada-based holding company specializing in supply chain management for food, non-alcoholic beverages, and home improvement products. Through its subsidiaries, FuAn Enterprise, Inc. and Grand Forest Cabinetry Inc., Marwynn connects suppliers with retailers and consumers across the United States. Learn more at https://www.marwynnholdings.com/.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Marwynn's operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Marwynn's future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause Marwynn's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond Marwynn's control and which could, and likely will, affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects Marwynn's current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to Marwynn's operations, results of operations, growth strategy, and liquidity.

Investor Relations and Media Contact:

PondelWilkinson Inc.
Judy Lin or Laurie Berman
310-279-5980
info@marwynnholdings.com

SOURCE: Marwynn Holdings, Inc.

View the original press release on ACCESS Newswire

FAQ

How much did Marwynn Holdings (MWYN) raise in its IPO?

Marwynn Holdings raised $8 million in gross proceeds through its IPO by selling 2 million shares at $4.00 per share.

When did MWYN stock begin trading on Nasdaq?

MWYN began trading on the Nasdaq Capital Market on March 13, 2025.

What is the underwriters' option in Marwynn's IPO?

Underwriters have a 45-day option to purchase up to 300,000 additional shares at the IPO price of $4.00 per share.

How will Marwynn (MWYN) use its IPO proceeds?

The proceeds will fund supply chain enhancements, business expansion, sales growth, talent development, working capital, and general corporate purposes.