Meiwu Announces Pricing of Convertible Note Offering
Shenzhen, China, April 29, 2022 (GLOBE NEWSWIRE) -- Meiwu Technology Company Limited (Fka: Wunong Net Technology Company Limited) (“Meiwu”), (NASDAQ: WNW), is pleased to announce that it has signed a securities purchase agreement (“Agreement”) with five individual investors on April 28, 2022, pursuant to which, Meiwu agreed to issue to each of the investors a
Each of the Notes shall include an Original Issue Discount of
At any time following the six-month anniversary of the issuance date, each of the Investors, at its election, can convert the Note in whole or in part at the lower of (i)
The Notes, the Ordinary Shares underlying the Notes, the Warrants, and Ordinary Shares issuable upon exercise of the Warrants, are exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The CEO of Meiwu, Mr. Xinliang Zhang commented that: “we believe this offering provides the best attributes of stocks and bonds, combining the long-term growth potential of stocks and the security and income advantages of bonds. Different from pure equity financing, convertible bonds have the pressure of conversion or redemption during their existence. This pressure can urge the managers of Meiwu Technology to make prudent decisions on its investment, strive to improve business performance and maintain good growth of the company. Since its listing, the company has been continuously increasing its investment in product promotion and marketing, optimizing its organizational structure and continuously strengthening its market competitiveness. In the future, the management will continue to strive to achieve the sustainable and healthy development of the company, and return the benefits of our growth with all investors.”
About Meiwu Technology Company Limited
Meiwu Technology Company Limited is a British Virgin Islands company incorporated on December 4, 2018, and conduct our business in China through our subsidiaries and variable interest entity, Wunong Technology (Shenzhen) Co., Ltd. Currently we conduct our business through our online retail store on the website www.wnw108.com. Optimizing the Website and real-time data, we are able to respond to and match supply with demand for food products in keeping with consumer trends.
Safe Harbor Statement
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
Contact
Meiwu Technology Company Limited
Xiaoyu Li
Email: meiwuBS@usmeiwu.com