Wellchange Holdings Company Limited (NASDAQ: WCT) files as a foreign private issuer and reports to the U.S. Securities and Exchange Commission primarily through Form 20-F and Form 6-K. As an enterprise software solution services provider headquartered in Hong Kong, its SEC filings give structured insight into its capital structure, financing transactions, governance decisions, and Nasdaq listing status. This page centralizes those filings and pairs them with AI-powered tools that help explain the key points in plain language.
Capital raising and share issuance are prominent themes in Wellchange’s recent Form 6-K reports. The company has disclosed its initial public offering of ordinary shares on the Nasdaq Capital Market, the exercise of an underwriters’ over-allotment option, subsequent public offerings, and a private placement of Class A ordinary shares under a securities purchase agreement and registration rights agreement. Filings describe gross proceeds, use of proceeds for general corporate purposes that may include acquisitions and working capital, and related agreements with placement agents and escrow agents.
Wellchange’s filings also cover Nasdaq compliance and share structure. A Form 6-K explains Nasdaq’s notification that the company did not meet the minimum bid price requirement under Listing Rule 5550(a)(2), the initial 180-day compliance period, and a later 180-day extension to regain compliance. Other filings detail shareholder approvals for a dual-class share capital structure with Class A and Class B ordinary shares, potential share consolidations within a specified ratio range, and an increase in authorized share capital, along with the adoption of amended and restated memorandum and articles of association.
Additional Form 6-K reports address governance and compensation matters, including director and committee changes, adoption of the 2025 Equity Incentive Plan, and grants of ordinary shares under that plan to the Chief Executive Officer and Chairman subject to a lock-up period. Through this page, users can quickly access Wellchange’s 10-K equivalent (Form 20-F), interim and event-driven 6-K reports, and related exhibits. AI-generated summaries highlight the main terms of offerings, governance actions, and listing notices, while insider-related grants and equity plans can be reviewed in context alongside the underlying documents.
Wellchange Holdings Co Ltd (WCT) announced a 1-for-10 reverse stock split of its Class A ordinary shares, with post-split trading beginning when the market opens on November 9, 2026. Shareholders and the board approved the split. The company said its outstanding Class A ordinary shares will decrease from approximately 10,581,089 to approximately 1,058,109.
The split applies only to Class A ordinary shares; Class B ordinary shares remain unchanged. Fractional shares will be rounded up to the next whole share, and no fractional shares will be issued. Outstanding options, warrants and other securities entitling holders to Class A shares will be adjusted under their respective terms.
Wellchange Holdings Co Ltd (WCT) shareholders approved a 1-for-10 consolidation of each issued and unissued Class A ordinary share, with immediate effect from passage on October 29, 2026, subject to Class B holders’ approval; the Class B meeting also approved the proposal. Class B shares remain unconsolidated. Shareholders also approved replacing the existing articles with the Seventh Amended and Restated Memorandum and Articles of Association, subject to the related proposals passing.
As of October 12, 2026, the company had 10,581,066 Class A and 1,625,043 Class B shares outstanding. The Class A meeting’s consolidation proposal received 166,902,381 votes for, 133,615 against and 14 abstentions. Class B holders cast 1,625,043 votes for their proposal and none against or abstaining. All matters at both meetings were approved.
Wellchange Holdings Co Ltd (WCT) is asking shareholders to approve a 1-for-10 consolidation of all issued and unissued Class A ordinary shares. The consolidation would take effect immediately upon passage of the ordinary resolution, subject to the required approvals; fractional Class A shares would be rounded up to whole shares at the holder level. Class B shares would remain unconsolidated, and the conversion rate would change to 50 Class B shares for one Class A share.
The Class B meeting and extraordinary general meeting are scheduled for October 29, 2026, with the latter following the Class B meeting. The Class B proposal requires at least two-thirds of votes cast; the consolidation also requires Class B approval and a simple majority at the EGM. The board says the proposal is intended to increase the Class A per-share trading price and support compliance with the Nasdaq Stock Market’s minimum bid price requirement. As of October 12, 2026, 10,581,066 Class A and 1,625,043 Class B shares were issued and outstanding. The proposed amended articles would also designate Cayman Islands courts as the exclusive forum for covered claims, subject to stated exceptions for U.S. federal securities claims.
Wellchange Holdings Co Ltd (WCT) is implementing a 1-for-5 reverse stock split of its Class A ordinary shares, effective when trading begins on September 8, 2026. Every five existing Class A shares will be combined into one share, reducing outstanding Class A shares from 52,905,328 to approximately 10,581,066.
The reverse split applies only to Class A ordinary shares; Class B ordinary shares are unchanged. Fractional entitlements will be rounded up to the next whole share, so no fractional shares will be issued. The par value of Class A ordinary shares will increase to $0.000025 per share, and the stock will continue trading on Nasdaq under symbol WCT with new CUSIP G9545M131.
Wellchange Holdings Co Ltd (WCT) reports that shareholders at an extraordinary general meeting and a separate Class B meeting approved a 1-for-5 consolidation of Class A ordinary shares, effective the day after the meeting. As of August 17, 2026, there were 2,905,328 Class A and 1,625,043 Class B ordinary shares outstanding. Shareholders also approved adopting the Sixth Amended and Restated Memorandum and Articles of Association, which updates the authorized share capital to 1,980,000,000 Class A shares with a par value of US$0.000025 and 100,000,000 Class B shares with a par value of US$0.000005, revises the mechanics for written shareholder resolutions, and adds an exclusive jurisdiction clause for certain Cayman law and internal affairs claims. All management proposals, including authority for directors to implement the share consolidation and amended charter and an adjournment authority, passed with overwhelming support, with approximately 98.51% of total voting power represented at the extraordinary general meeting and 100% of Class B voting power represented at the Class B meeting.
Wellchange Holdings Co Ltd (WCT) completed a best-efforts public offering of 50,000,000 Class A ordinary shares at $0.15 per share, generating $7.5 million in gross proceeds. The offering closed on August 31, 2026 and was conducted under an effective Form F-1 registration statement.
Prime Number Capital, LLC acted as exclusive placement agent and will receive a 6.0% cash fee plus a 1.0% non-accountable expense allowance on gross proceeds, and reimbursement of certain expenses up to $100,000. The placement agent also received a nine‑month right of first refusal after the term of the placement agreement for future specified securities offerings.
Wellchange plans to allocate the net proceeds approximately as follows: 20% to sales and marketing, 10% to research and development and software enhancement, 30% to business expansion and operational scaling, 20% to strategic investments and treasury management, and the remaining 20% to working capital and other general corporate purposes.
Wellchange Holdings Company Limited (WCT) is conducting a primary offering of up to 50,000,000 Class A Ordinary Shares at $0.15 per share on a best-efforts basis, for a maximum gross raise of $7,500,000. After placement fees and expenses, expected net proceeds are about $5.69 million, with no minimum offering amount or escrow, so any funds raised are immediately available to the company even if only a small portion of the maximum is sold.
Wellchange is a Cayman Islands holding company whose operations are conducted in Hong Kong through Wching HK, providing ERP and SaaS solutions mainly to SMBs. Revenue fell from $2.31 million in 2024 to $1.35 million in 2025, a 41.6% decline, and net loss widened to $7.32 million. Proceeds are earmarked 20% for sales and marketing, 10% for R&D, 30% for business expansion, 20% for strategic investments/treasury management, and 20% for working capital.
The structure involves investors holding shares in the Cayman holding company, not directly in the Hong Kong operating subsidiary, and the company highlights potential PRC long-arm and data/capital-control risks that could affect operations, cash transfers and listing status. WCT is an emerging growth company, a foreign private issuer, and a controlled company; following a full offering, the controlling shareholder is expected to hold about 75.58% of combined voting power.
Wellchange Holdings Co Ltd (WCT) is calling a meeting of Class B shareholders and an extraordinary general meeting to approve a 1‑for‑5 consolidation of Class A ordinary shares, leaving Class B shares unconsolidated while adjusting their conversion rate under the company’s governing documents.
Shareholders are also asked to adopt the Sixth Amended and Restated Memorandum and Articles of Association, which hard-codes the post‑consolidation share capital structure, revises written‑resolution mechanics, and adds exclusive Cayman Islands jurisdiction for most internal corporate disputes. Additional proposals authorize related administrative filings and potential adjournments.
As of the August 17, 2026 record date, there were 2,905,328 Class A and 1,625,043 Class B shares outstanding, with Class B carrying 100 votes per share. The controlling shareholder holds over 90% of total voting power and intends to vote in favor, effectively assuring approval.