Wunong Net Technology Co Ltd (WNW)

[getmoreshares]

On December 2, 2024, Meiwu Technology Company Limited (the “Company”) closed a best-efforts offering (the “Primary Offering”) of 30,000,000 ordinary shares (the “Primary Offering Shares”) of the Company, no par value each (the “Ordinary Shares”), to certain investors pursuant to that certain securities purchase agreement (the “Primary Offering SPA”), dated as of November 27, 2024, at an offering price of $0.80 per share.



The Primary Offering Shares were sold pursuant to a registration statement on Form F-1, as amended (the “Registration Statement”, File No. 333-282379), filed with the U.S. Securities and Exchange Commission (the “Commission”), which was declared effective by the Commission on November 27, 2024. A final prospectus dated November 27, 2024 relating to this Offering was filed with the Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended.



The Company received net proceeds of $23,895,000 from the Primary Offering. The Company currently intends to use the net proceeds from the Offering for the development of its planned functional skincare business and for general corporate purpose, as disclosed in the Registration Statement.