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Londian Wason prices $94M ADS offering at $22

Londian Wason New Energy Tech Inc. (FOIL) is updating the terms of its ongoing ADS offering under an effective Form F-1.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

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.

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Filing Explained

The supplement states that underwriting discounts and commissions would be US$6,599,999.56 without the additional-ADS option or US$7,589,999.34 if that option is fully exercised, and that the company has agreed to reimburse certain underwriter expenses up to US$1,150,000.

ADSs offered 4,285,714 ADSs Base public offering of American Depositary Shares
ADS-to-share ratio 5 ordinary shares per ADS Each ADS represents five ordinary shares, par value US$0.00001
Public offering price US$22.00 per ADS Per ADS public offering price
Underwriters’ option 642,857 ADSs Option to purchase additional ADSs
Gross proceeds without option US$94,285,708 Total public offering price without underwriters’ option
Gross proceeds with option US$108,428,562 Total public offering price with full exercise of option
Net proceeds without option US$87,685,708.44 Proceeds to company before expenses, without option
Estimated offering expenses US$10,522,194 Estimated expenses excluding underwriting discounts and commissions
American depositary shares financial
"The Prospectus relates to the offer and sales, 4,285,714 American depositary shares"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
underwriters’ option to purchase financial
"assuming both no exercise and full exercise of the underwriters’ option to purchase"
foreign private issuer regulatory
"We are a “foreign private issuer” under applicable U.S. federal securities laws"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
underwriting discounts and commissions financial
"public offering price, underwriting discounts and commissions, and proceeds before expenses"
Underwriting discounts and commissions are fees paid to financial institutions that help sell new securities to investors. They act like a commission for their role in connecting companies with buyers, often reducing the amount of money the issuing company raises. For investors, understanding these costs helps gauge how much of their investment is going toward the actual securities versus fees paid to middlemen.
prospectus supplement regulatory
"This prospectus supplement is being filed to update and supplement the information"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Offering Type secondary
Price Range US$22.00 per ADS

FAQ

What is Londian Wason New Energy Tech Inc. (FOIL) offering in this prospectus supplement?
Londian Wason is offering 4,285,714 American Depositary Shares (ADSs), each representing five ordinary shares. The ADSs are priced at US$22.00 per ADS under its existing Form F-1 registration statement.

What are the expected gross proceeds of the FOIL ADS offering?
Expected gross proceeds are US$94,285,708 without exercising the underwriters’ option and US$108,428,562 with full exercise. These figures are based on a US$22.00 per ADS public offering price.

How much net proceeds before expenses will Londian Wason (FOIL) receive from this offering?
Londian Wason expects net proceeds before expenses of US$87,685,708.44 without the option and US$100,838,562.66 with full option exercise. These amounts are after underwriting discounts and commissions but before other offering expenses.

What are the estimated offering expenses for Londian Wason (FOIL)?
Estimated offering expenses, excluding underwriting discounts and commissions, are approximately US$10,522,194. The company has also agreed to reimburse underwriters for certain expenses up to US$1,150,000.

When is delivery of FOIL’s ADSs now expected to occur?
The underwriters currently expect to deliver the ADSs against payment in U.S. dollars in New York on or about August 19, 2026, following resolution of certain previously disclosed inquiries.

What is the underwriters’ option in Londian Wason’s (FOIL) offering?
Underwriters have an option to purchase up to an additional 642,857 ADSs. The prospectus table presents public offering price, underwriting discounts, and proceeds both without and with full exercise of this option.

On which exchange are Londian Wason (FOIL) ADSs listed and what is their ratio to ordinary shares?
The company’s ADSs are listed on the New York Stock Exchange under the symbol FOIL. Each ADS represents five ordinary shares of Londian Wason New Energy Tech Inc.

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Filed Pursuant to Rule 424(b)(3)

Registration Statement No. 333-297230

Registration Statement No. 333-298247

Prospectus Supplement No. 1

(To Prospectus dated August 11, 2026)

4,285,714 American Depositary Shares Representing 21,428,570 Ordinary Shares

LONDIAN WASON NEW ENERGY TECH INC.

This prospectus supplement is being filed to update and supplement the information contained in the prospectus dated August 11, 2026 (as supplemented or amended from time to time, the “Prospectus”), which forms a part of our Registration Statement on Form F-1 (Registration No. 333-297230), as amended and supplemented, which became effective on August 11, 2026 and on Form F-1MEF (Registration No. 333-298247) filed pursuant to Rule 462(b) of the Securities Act of 1933. Specifically, this prospectus supplement updates and supplements the information in the Prospectus to disclose the revised expected time of the delivery of the offered ADSs (as defined below) in response to the delayed closing as previously disclosed in a Form 6-K filed with the U.S. Securities and Exchange Commission on August 17, 2026.

Following the resolution of inquiries concerning certain complaints previously disclosed in the Form 6-K on August 17, 2026, the underwriters currently expect to deliver the ADSs against payment in U.S. dollars in New York, New York on or about August 19, 2026.

The table and the first and second paragraphs on page 175 of the Prospectus is replaced by the following:

“The following table shows the per ADS and total public offering price, underwriting discounts and commissions, and proceeds before expenses to us. These amounts are shown assuming both no exercise and full exercise of the underwriters’ option to purchase up to an additional 642,857 ADSs.

 

     Per ADS      Total  
     Without
Option to
Purchase
Additional
ADSs		      With Option
to Purchase
Additional
ADSs		      Without
Option to
Purchase
Additional
ADSs		      With Option
to Purchase
Additional
ADSs		  

Public offering price

    US$ 22.00      US$ 22.00      US$ 94,285,708      US$          108,428,562  

Underwriting discounts and commissions paid by us

    US$ 1.54      US$ 1.54      US$ 6,599,999.56      US$          7,589,999.34  

Proceeds to us, before expenses

    US$ 20.46      US$ 20.46      US$ 87,685,708.44      US$          100,838,562.66  

The estimated offering expenses payable by us, exclusive of the underwriting discounts and commissions, are approximately US$10,522,194. We have agreed to reimburse the underwriters for certain of their expenses in an amount not to exceed US$1,150,000.”

The Prospectus relates to the offer and sales, 4,285,714 American depositary shares (the “ADSs”), representing 21,428,570 ordinary shares, par value of US$0.00001 per share, of LONDIAN WASON NEW ENERGY TECH INC. Each ADS represents five ordinary shares.

Our ADSs are listed on the New York Stock Exchange (“NYSE”) under the trading symbol “FOIL”.

We are a “foreign private issuer” under applicable U.S. federal securities laws and are eligible for reduced public company reporting requirements.

This prospectus supplement updates and supplements the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with, the Prospectus. This prospectus supplement should be read in conjunction with the Prospectus and if there is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement.

Investing in our securities involves a high degree of risk. See “Risk Factors” beginning on page 20 of the Prospectus for a discussion of information that should be considered in connection with an investment in our securities.

The date of this prospectus supplement is August 19, 2026.

Source: View Original Filing on SEC EDGAR