Newater Technology Inc. (NEWA) Prices 1.4M Share IPO at $5/Sh

Newater Technology, Inc. ("Newater" or the "Company") (Nasdaq: NEWA), a developer and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, today announced the pricing of its initial public offering of 1,400,000 of its common shares at a price to the public of $5.00 per share for a total offering size of $7,000,000 before underwriting discounts and commissions and offering expenses. The Company has granted the underwriter a 45-day option to purchase up to 210,000 additional shares. The offering is expected to close on August 2, 2017, and the shares are expected to begin trading on NASDAQ Capital Market today under the symbol "NEWA".

ViewTrade Securities, Inc., a global provider of brokerage, investment banking, corporate/advisory and trading platform services, acted as sole book-running manager for the offering.

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