Univest Securities, LLC Announces Closing of $18 Million Registered Direct Offering for its Client WF Holding Limited (NASDAQ: WFF)
WF Holding closed an $18 million registered direct offering of 12 million ordinary shares (or pre-funded warrants) at $1.50 per share, with Univest Securities as sole placement agent. Investors also received 12 million warrants at $1.50 with a 1-year term and a zero-cash-exercise option allowing each warrant to convert into up to 9 ordinary shares — implying potential dilution far beyond the headline share count.
Key figures
- Deal Value Usd
- 18000000
- Offering Price
- 1.5
- Shares Offered
- 12000000
- Warrant term
- 1 year
- Warrants issued
- 12000000
- Warrant exercise price
- 1.5
- Additional purchase right
- $18 million within 30 days of pricing
- Zero cash exercise multiplier
- 9 ordinary shares per warrant
AI analysis
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