WF International prices $3.44 million follow-on public offering

WF International Limited (NASDAQ: WXM) announced the pricing of its follow-on public offering of 1,720,688 units at $2.00 per unit, according to a company press release.

Each unit consists of one ordinary share and one warrant to purchase one ordinary share. The warrants are exercisable immediately upon issuance at an exercise price equal to 100% of the public offering price and will expire five years from the date of issuance. The ordinary shares and warrants included in the units are immediately separable and will be issued separately.

The company expects to receive aggregate gross proceeds of approximately $3.44 million from the offering, before deducting placement agent fees and estimated offering expenses. The offering is being conducted on a "reasonable best efforts" basis and is expected to close on or about November 6, 2025, subject to satisfaction of customary closing conditions. There is no minimum offering amount required for this offering.

WF International stated it intends to use the net proceeds from this offering for talent acquisition and general corporate and working capital purposes.

The Benchmark Company, LLC and Axiom Capital Management, Inc. are acting as placement agents for the offering.

The securities are being offered pursuant to a registration statement on Form F-1 that became automatically effective on November 3, 2025 pursuant to Section 8(a) of the Securities Act of 1933.

WF International specializes in the supply, installation, fitting-out, and maintenance services for HVAC systems, floor heating systems, and water purification systems. The company serves commercial projects and high-end residential projects throughout Sichuan, China.

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