WiMi Hologram Cloud Inc. Announces Closing of Underwritten Initial Public Offering
WiMi Hologram Cloud Inc. - American Depositary Share (WIMI)
Company Research
Source: PR Newswire
BEIJING, April 3, 2020 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading AR services provider in China, announced the closing of its previously announced underwritten initial public offering of 4,750,000 American Depositary Shares ("ADSs"), each representing two Class B ordinary shares of the Company. The aggregate gross proceeds to the company from the offering, before deducting underwriting discounts and commission and estimated offering expenses, totaled approximately $26.0 million. As previously announced, the company has granted the underwriters a 30-day over-allotment option to purchase up to 712,500 ADSs at the public offering price, less underwriting discounts and commissions.The Company intends to use the proceeds from its IPO to boost holographic R&D, as well as for strategic acquisitions and investments.The Benchmark Company LLC, Valuable Capital Limited, Maxim Group LLC, China Merchants Securities (HK) Co. Ltd, BOCI Asia Ltd, and
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WIMI
Sec Filings
- 4/25/24 - Form 20-F
- 4/23/24 - Form 6-K
- 3/18/24 - Form 6-K
- WIMI's page on the SEC website