WF International Files Prospectus For $5.5M Sale Of 5M Shares At $1.10 Per Share To Certain Investors
We are offering 5,000,000 ordinary shares, par value US$0.00001 per share, at a price of $1.10 per share to certain investors pursuant to this prospectus supplement and the accompanying prospectus and a share purchase
WF International is selling 5 million new shares to some special investors at $1.10 each, bringing in about $5.5 million for the company. When a company sells new shares, it means they need cash and the total number of shares grows, so each share gets a smaller piece of the company.
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