Here are the 424B prospectus supplements from Londian Wason New Energy Tech Inc. (FOIL) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow FOIL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FOIL filings page.
Londian Wason New Energy Tech Inc. (FOIL) is updating the terms of its ongoing ADS offering under an effective Form F-1. The company is offering 4,285,714 American Depositary Shares, each representing five ordinary shares, at a public offering price of US$22.00 per ADS.
The underwriters hold an option to purchase up to an additional 642,857 ADSs. Depending on whether this option is exercised, gross proceeds are US$94,285,708 without the option and US$108,428,562 with it, with corresponding net proceeds before expenses of US$87,685,708.44 and US$100,838,562.66. Estimated offering expenses, excluding underwriting discounts and commissions, are approximately US$10,522,194.
The supplement primarily revises the expected closing and delivery timing: following resolution of inquiries concerning previously disclosed complaints, underwriters currently expect to deliver the ADSs against payment in U.S. dollars in New York on or about August 19, 2026. The ADSs trade on the NYSE under the symbol FOIL, and the company is classified as a foreign private issuer.
Londian Wason New Energy Tech Inc. (FOIL) is conducting an initial public offering of 4,285,714 ADSs at US$22.00 per ADS, each ADS representing five ordinary shares, with an additional 642,857 ADS over-allotment option for underwriters. Gross proceeds are US$94.3 million, with approximately US$77.0 million expected in net proceeds to fund global capacity expansion, R&D and general corporate purposes.
The company is a Cayman holding company whose operations are conducted through subsidiaries in China, exposing investors to PRC legal, regulatory, foreign-exchange and cash-transfer constraints. It reports strong growth in electrolytic copper foil, with 2025 revenue of RMB10,942.1 million and a shift from a 2024 net loss of RMB292.9 million to 2025 net income of RMB20.3 million. For the three months ended March 31, 2026, revenue rose 113.7% year over year and net income reached RMB134.5 million, while adjusted EBITDA margin improved to 9.3%.
Material risks include dependence on EV and electronics demand, customer and supplier concentration, significant leverage and prior working-capital deficiency, PRC regulatory and currency controls, and potential HFCAA-related delisting risk if PCAOB access to PRC/Hong Kong auditors is restricted in the future.