WCT News & Events

Wellchange announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market granting the Company an additional 180-calendar-day compliance period, or until April 27, 2026, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

Chaince Securities, a subsidiary of Mercurity Fintech Holding (MFH), announced that it acted as the exclusive placement agent for Wellchange Holdings (WCT) in connection with a private placement of securities. On September 2, 2025, Wellchange entered into a securities purchase agreement and registration rights agreement with institutional investors for the issuance and sale of 100,000,000 Class A ordinary shares at $0.04 per share, raising gross proceeds of $4.0 million before deducting placement agent fees and expenses. The closing of the offering occurred on September 4, 2025. Pursuant to the registration rights agreement, Wellchange has agreed to use commercially reasonable efforts to file a resale registration statement with the U.S. Securities and Exchange Commission within sixty days of the closing. The Company intends to use the net proceeds for general corporate purposes, which may include acquisitions and working capital.

Wellchange Holdings announced that it has entered into a securities purchase agreement on September 9, with certain investor for the purchase and sale of up to an aggregate of 100M Class A ordinary shares of the company, at a purchase price of about 4c per share in a private placement. The aggregate gross proceeds to the company are expected to be approximately $4M. The transaction was closed on September 15. Chaince Securities is acting as the sole placement agent.