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WF Holding Limited Announces Closing of Initial Public Offering

KUALA LUMPUR, March 28, 2025 (GLOBE NEWSWIRE) -- WF Holding Limited ("WF Holding" or "Company"), a Malaysia-based manufacturer of fiberglass reinforced plastic (FRP) products, announced today the successful closing of its initial public offering of 2,000,000 ordinary shares, par value $0.00005 per share (the "Ordinary Shares"), at a public offering price of $4.00 per share. The offering generated total gross proceeds of $8 million, before deducting underwriting discounts and other offering expenses. The Company's Ordinary Shares started trading on the Nasdaq Capital Market on March 27, 2025 under the ticker symbol "WFF."

In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 Ordinary Shares at the public offering price, less underwriting discounts. The Company intends to use the net proceeds from this offering for expanding the Company's production capacity, hiring and training staff, working capital and general corporate purposes.

The Offering was conducted on a firm commitment basis. Dominari Securities LLC acted as the lead underwriter, with Revere Securities LLC acting as a co-underwriter for the Offering. Bevilacqua PLLC acted as U.S. counsel to the Company, and The Crone Law Group, P.C. acted as U.S. counsel to the underwriters in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") (File Number: 333-282294) and was declared effective by the SEC on March 26, 2025. ...