Welcome to our dedicated page for Meiwu Technology news (Ticker: WNW), a resource for investors and traders seeking the latest updates and insights on Meiwu Technology stock.
Meiwu Technology Company Limited reports company news centered on its China-based functional skincare business, capital-markets activity and Nasdaq listing compliance. Recent announcements have covered reverse share splits, minimum bid price notices and compliance determinations, registered direct offerings, private financing activity, and ordinary-share and warrant transactions.
The company's operating updates also describe functional skincare product initiatives, data-analysis and research-coordination efforts, and marketing or partnership arrangements tied to brand exposure and product development. News releases identify Meiwu as a British Virgin Islands company with operations in China through subsidiaries.
Wunong Net Technology Company Limited (NASDAQ: WNW) will officially change its name to Meiwu Technology Company Limited on December 2, 2021. CEO Xinliang Zhang stated this new name better represents the company's global high-tech internet trading platform and services beyond its original business model. The company, incorporated in the British Virgin Islands, operates primarily through its Chinese subsidiary and focuses on optimizing its online retail services to meet consumer demands in the food sector.
Wunong Net Technology Co. Ltd. (Nasdaq: WNW) announced on May 19, 2021, that it has received notification from Nasdaq for non-compliance with Listing Rule 5250(c)(1) due to failure to file its annual report on Form 20-F for the year ended December 31, 2020. The Company has 60 days to submit a plan for compliance. Wunong aims to file its annual report by June 30, 2021, to meet the compliance requirements. Should the plan be accepted, Wunong could receive an extension of up to 180 days to regain compliance.
Wunong Net Technology Co. Ltd. has priced its initial public offering (IPO) of 5,000,000 ordinary shares at $5.00 each, aiming for $25,000,000 in gross proceeds. The underwriters also acquired 999,910 shares from a selling shareholder, bringing total gross proceeds to $29,999,550. Trading on the Nasdaq under the symbol WNW begins on December 15, 2020, with the offering expected to close on December 17, 2020. Boustead Securities and Brilliant Norton are the lead underwriters for this firm commitment offering.