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Wing Yip Food Holdings IPO Report: Key Insights & Financials January 2025

$WYHG
Form 6-K
Filed on: 2025-01-14
Source
Wing Yip Food Holdings IPO Report: Key Insights & Financials January 2025

Here are the key insights and information extracted from the financial report of Wing Yip Food Holdings Group Limited (Form 6-K):

  1. Company Overview:
  • Name: Wing Yip Food Holdings Group Limited
  • Address: No.9, Guanxian North Rd, Huangpu Town, Zhongshan City, Guangdong, China 528429.
  • Commission File Number: 001-42407.
  1. Report Date: The document pertains to the month of January 2025.
  2. Initial Public Offering (IPO):
  • The company completed its IPO on November 27, 2024.
  • Shares Offered: 2,050,000 American Depositary Shares (ADS) at a price of $4.00 per ADS.
  • Each ADS represents one ordinary share of the company.
  1. Over-Allotment Option:
  • The underwriters were granted a 45-day option to purchase an additional 307,500 ADSs at the IPO price of $4.00 per ADS.
  • This option was exercised in full on January 8, 2025.
  1. Financial Proceeds from IPO:
  • The closing for the Over-Allotment ADSs occurred on January 14, 2025.
  • The exercise of the Over-Allotment Option generated additional gross proceeds of $1,230,000 before underwriting discounts and offering expenses.
  • The total gross proceeds from the IPO, including the Over-Allotment Option, amounted to approximately $9.43 million before deducting underwriting discounts and offering expenses.
  1. Press Release:
  • A press release regarding the issuance and sale of the Over-Allotment ADSs was announced on January 14, 2025, and is included as Exhibit 99.1 in the filing.
  1. Regulatory Disclaimer:
  • The report includes disclaimers indicating that it does not constitute an offer to sell or a solicitation to buy securities. The information is not deemed "filed" under the Securities Exchange Act of 1934.
  1. Signature:
  • The report is signed by Xiantao Wang, who is the Director and Chairman of the Board, dated January 14, 2025.

This report provides critical information about the company's IPO process, financial results from the offering, and regulatory compliance, which are essential for investors and stakeholders to understand the company's financial positioning and market activities.