WANG & LEE GROUP, Inc. (WLGS) today announced the pricing of its initial public offering of 1,600,000 shares of its ordinary shares at a price to the public of $5.00 per share for a total of $8,000,000 of gross proceeds to the Company (the "Offering"), before deducting underwriting discounts, commissions, and other Offering expenses.
The shares are expected to begin trading on The Nasdaq Capital Market on April 20, 2023, under the ticker symbol "WLGS." The Offering is expected to close on April 24, 2023, subject to the satisfaction of customary closing conditions.
Boustead Securities, LLC is acting as the underwriter for the Offering.
A registration statement on Form F-1, as amended (File No. 333-265730), relating to these securities was filed with the Securities and Exchange Commission (“SEC”) and was declared effective on March 31, 2023. The Offering is being made only by means of a prospectus. A copy of the final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. A copy of the final prospectus relating to the Offering may be obtained, when available, from Boustead Securities, LLC by way of emailing requests to offerings@boustead1828.com; or by calling 1-949-502-4408; or by request by standard mail to Boustead Securities, LLC, Attention: Equity Capital Markets, 6 Venture, Suite 395, Irvine, California 92618, USA.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.