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WLGS-News
WLGS-Events
Wang & Lee Group Board Greenlights 250-for-1 Share Consolidation
WANG & LEE GROUP announced that on July 28, 2025, its board of directors approved a combination of its ordinary shares on a 250-to-one basis. The Company's ordinary shares will begin trading on a post combination basis on September 2, 2025. As a result of the Share Combination, each two hundred and fifty pre-combination ordinary shares of the Company will be automatically combined into one ordinary share without any action on the part of the holders, with no change to the par value, and the Company's issued and outstanding ordinary shares will be reduced from 174,679,566 to approximately 698,719. The Company's ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol "WLGS" under a new CUSIP number - G9T22C118. The Share Combination is intended to increase the market price per share of the Company's ordinary shares to allow the Company to maintain its Nasdaq listing.
Wang & Lee Group announces receipt of Nasdaq delisting notifications
WANG & LEE announced that as previously announced on May 7, 2025, the Company received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market on May 6, 2025, notifying the Company that, based upon the closing bid price of the Company's ordinary shares for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2), which matter serves as a basis for delisting the Company's securities from Nasdaq. Additionally, the Company's securities had a closing bid of $0.10 or less for the last ten consecutive trading days, and accordingly, is subject to the provisions under Listing Rule 5810(c)(3)(A). This serves as an additional basis for delisting.
TROOPS, Inc. receives initial payment in $10M investment from Wang & Lee Group
TROOPS, Inc. (TROO) has received the initial tranche of a strategic investment exceeding $10M from Wang & Lee Group (WLGS) which is expected to be complete by mid-April. The partnership was announced by Wang & Lee on March 31, aimed at integrating cutting-edge AI, IoT, and blockchain technologies across TROOPS' portfolio.
Wang & Lee Group announces strategic investment in TROOPS, Inc.
Wang and Lee Group (WLGS) announced its strategic investment in Nasdaq-listed TROOPS (TROO). This collaboration aims to unlock synergies by integrating Wang and Lee's cutting-edge AI-driven advertising media, smart home devices, and blockchain-powered token rewards into TROOPS' expansive infrastructure. The proposed investment will enable Wang and Lee to deploy its AI-driven digital advertising platforms and IoT-enabled smart home solutions across TROOPS' potential 200-building portfolio, reaching its vast number of tenants and visitors. Central to the partnership is the introduction of an Environmental, Social, and Governance-aligned token rewards ecosystem, where users engaging with these technologies will earn redeemable tokens. These tokens can be exchanged for exclusive financial and insurance benefits, including discounts on electric vehicle insurance premiums, reduced loan interest rates, and other value-added services such as LED lights.
Wang & Lee Group prices 3.53M shares at $3.40 in registered direct offering
Wang & Lee Group entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 3,529,400 ordinary shares at a purchase price of $3.40 per ordinary share, together with Series A warrants to purchase up to 3,529,400 ordinary shares at an exercise price of $3.40 per ordinary share and Series B warrant. The Series A warrants may be exercised on an alternative basis pursuant to which the holder may pay $0.0001 per warrant in exchange for 0.5 times the number of ordinary shares they would receive upon a standard exercise. The Company is also issuing Series B warrants with an initial exercise price of $0.0001 per ordinary share to purchase up to a number of ordinary shares equal to the Maximum Eligibility Number, as will be determined on the Reset Date, subject to the $0.95 floor price per share. The Series A warrants will be exercisable upon issuance and will have a term of five years from the date of issuance. The Series B Warrants will be exercisable three trading days after issuance and shall remain exercisable until exercised in full. Maxim Group is acting as the sole placement agent for the offering. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $12,000,000 before deducting the placement agent's fees and other estimated offering expenses payable by the Company. The offering is expected to close on or about March 24, 2025, subject to the satisfaction of customary closing conditions.
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