Meiwu Technology Co Ltd experiences significant drop amid market decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
0mins
Source: Coinmarketcap
Meiwu Technology Co Ltd's stock price fell sharply, crossing below its 5-day SMA, reflecting a significant decline in value.
The drop in Meiwu Technology's stock is occurring amid broader market weakness, as both the Nasdaq-100 and S&P 500 indices are down, indicating a challenging environment for many stocks. This sector rotation is evident as investors react to the overall market conditions.
The implications of this decline suggest that investors may be cautious about the company's future performance, especially in light of the current market sentiment.
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About WNW
Meiwu Technology Co Ltd is a holding company primarily engaged in functional skincare business. The Company operating through three segments. The Skincare Products & Service segment focuses on functional skincare formula development, skincare training services, and sales of skincare products. The Quality Food Products Platform segment primarily sells meal replacement drinks, compressed candies, and other food products to customers through an online platform. The Technical Services division mainly provides technical solutions to clients. The Company primarily operates in the domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Meiwu Technology Announces 1-for-100 Reverse Stock Split
- Reverse Stock Split Announcement: Meiwu Technology has announced a 1-for-100 reverse stock split effective April 6, 2026, reducing outstanding shares from approximately 133 million to 1.33 million, which is expected to proportionally increase the share price to meet Nasdaq Capital Market requirements.
- Board Approval: The split was approved by the board on March 17, indicating the company's commitment to optimizing its capital structure, aiming to boost investor confidence and attract more institutional investors.
- Trading Adjustments: Following the split, all holdings will be rounded up to the nearest whole share with no fractional shares issued, a measure that simplifies the shareholder structure and enhances liquidity.
- Market Reaction: Following the split announcement, Meiwu Technology's stock price fell 4.44% in pre-market trading to $0.0774, reflecting market caution regarding the company's future outlook.
See More
Meiwu Technology Announces Reverse Stock Split
- Reverse Split Ratio: Meiwu Technology announced a 1-for-100 reverse stock split, reducing its outstanding shares from 133,042,533 to approximately 1,330,426, which is expected to increase the trading price per share, although the company cannot guarantee that the post-split price will reflect this ratio.
- Trading Adjustment Date: The reverse split will take effect on April 6, 2026, with ordinary shares trading on Nasdaq under the new CUSIP number G9604C131, aimed at enhancing market visibility for the company's stock.
- Shareholder Action Requirements: Shareholders holding shares in book-entry form will not need to take any action, as TranShare Corporation will manage all aspects of the reverse split process to ensure a smooth transition for shareholders.
- Strategic Business Transition: Since its establishment in 2018, Meiwu Technology has transitioned from online sales of high-quality food products to the skincare industry, currently selling functional skincare products through its wholly-owned subsidiary in China, indicating a strategic repositioning in a growing market.
See More
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- Share Purchase Agreement: Meiwu Technology has signed an agreement with investors to sell 6,999,996 ordinary shares at $2 per share, with gross proceeds expected to be around $14 million, indicating the company's proactive approach to financing.
- Warrant Issuance: The company also issued warrants to purchase approximately 7 million shares at the same price of $2 each, valid for one year from issuance, providing investors with additional investment opportunities while potentially securing future cash inflows for the company.
- Significant Stock Drop: Meiwu Technology's shares plummeted approximately 69% during intraday trading, falling from a previous close of $2.15 to $0.67, reflecting market concerns regarding the company's financing strategy and its impact on future performance.
- Expected Transaction Closure: The transaction is anticipated to close on or about March 18, 2026, and despite the current poor stock performance, successful completion of the deal could provide the company with much-needed capital to drive future growth.
See More
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- Warrant Issuance: The company will also issue the same number of warrants to investors at an exercise price of $2.00 per share, with a one-year term, providing additional investment opportunities and enhancing market confidence.
- Transaction Timeline: The transaction is expected to close on March 18, 2026, subject to customary closing conditions, and the timely influx of funds will aid the company's responsiveness in the market.
- Compliance and Transparency: This offering is made under an effective F-3 registration statement, ensuring compliance and transparency, which further enhances investor trust and supports future fundraising activities.
See More
Meiwu Technology Announces $14 Million Direct Offering
- Financing Scale: Meiwu Technology has entered into an agreement to sell 6,999,996 ordinary shares at $2.00 each, expecting gross proceeds of approximately $14 million, which will enhance the company's liquidity to support future growth.
- Warrant Issuance: The company will also issue the same number of warrants to investors with an exercise price of $2.00 per share and a one-year term, further incentivizing investor participation in the company's long-term growth.
- Transaction Timeline: The transaction is expected to close on March 18, 2026, subject to customary closing conditions, ensuring timely access to funds to support the company's operations and expansion plans.
- Compliance and Transparency: This offering is made under an effective F-3 registration statement, ensuring compliance with SEC regulations, which enhances investor confidence and improves market transparency.
See More
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- AI Initiative Launch: Meiwu Technology has announced the introduction of an artificial intelligence initiative aimed at enhancing research collaboration and operational efficiency in its functional skincare business by integrating AI data analysis tools to better organize and analyze growing research data.
- Data Management Improvement: This initiative will support internal research coordination, product formulation analysis, and collaboration with external research partners, with expectations to improve the organization and review of historical formulation data and ingredient studies, thereby enhancing product development efficiency.
- Technological Application Outlook: CEO Zhichao Yang noted the increasing use of AI analytical tools in research-intensive industries, anticipating that this will strengthen collaboration between internal teams and external research partners while optimizing the evaluation process of formulation data to drive product innovation.
- Long-term Development Goals: Meiwu Technology aims to leverage this strategy to enhance its skincare product portfolio and supply chain ecosystem, ultimately achieving a more efficient product development process to respond to changing market demands and growth.
See More
Meiwu Technology Announces 1-for-100 Reverse Stock Split
- Reverse Stock Split Announcement: Meiwu Technology has announced a 1-for-100 reverse stock split effective April 6, 2026, reducing outstanding shares from approximately 133 million to 1.33 million, which is expected to proportionally increase the share price to meet Nasdaq Capital Market requirements.
- Board Approval: The split was approved by the board on March 17, indicating the company's commitment to optimizing its capital structure, aiming to boost investor confidence and attract more institutional investors.
- Trading Adjustments: Following the split, all holdings will be rounded up to the nearest whole share with no fractional shares issued, a measure that simplifies the shareholder structure and enhances liquidity.
- Market Reaction: Following the split announcement, Meiwu Technology's stock price fell 4.44% in pre-market trading to $0.0774, reflecting market caution regarding the company's future outlook.
See More
Meiwu Technology Announces Reverse Stock Split
- Reverse Split Ratio: Meiwu Technology announced a 1-for-100 reverse stock split, reducing its outstanding shares from 133,042,533 to approximately 1,330,426, which is expected to increase the trading price per share, although the company cannot guarantee that the post-split price will reflect this ratio.
- Trading Adjustment Date: The reverse split will take effect on April 6, 2026, with ordinary shares trading on Nasdaq under the new CUSIP number G9604C131, aimed at enhancing market visibility for the company's stock.
- Shareholder Action Requirements: Shareholders holding shares in book-entry form will not need to take any action, as TranShare Corporation will manage all aspects of the reverse split process to ensure a smooth transition for shareholders.
- Strategic Business Transition: Since its establishment in 2018, Meiwu Technology has transitioned from online sales of high-quality food products to the skincare industry, currently selling functional skincare products through its wholly-owned subsidiary in China, indicating a strategic repositioning in a growing market.
See More
Meiwu Technology Signs Share Purchase Agreement
- Share Purchase Agreement: Meiwu Technology has signed an agreement with investors to sell 6,999,996 ordinary shares at $2 per share, with gross proceeds expected to be around $14 million, indicating the company's proactive approach to financing.
- Warrant Issuance: The company also issued warrants to purchase approximately 7 million shares at the same price of $2 each, valid for one year from issuance, providing investors with additional investment opportunities while potentially securing future cash inflows for the company.
- Significant Stock Drop: Meiwu Technology's shares plummeted approximately 69% during intraday trading, falling from a previous close of $2.15 to $0.67, reflecting market concerns regarding the company's financing strategy and its impact on future performance.
- Expected Transaction Closure: The transaction is anticipated to close on or about March 18, 2026, and despite the current poor stock performance, successful completion of the deal could provide the company with much-needed capital to drive future growth.
See More
Meiwu Technology Announces Direct Offering of 6.99 Million Shares
- Funding Size: Meiwu Technology has entered into an agreement to sell 6,999,996 ordinary shares at a price of $2.00 per share, expecting total gross proceeds of approximately $14 million, which will provide crucial financial support for the company's operations and growth.
- Warrant Issuance: The company will also issue the same number of warrants to investors at an exercise price of $2.00 per share, with a one-year term, providing additional investment opportunities and enhancing market confidence.
- Transaction Timeline: The transaction is expected to close on March 18, 2026, subject to customary closing conditions, and the timely influx of funds will aid the company's responsiveness in the market.
- Compliance and Transparency: This offering is made under an effective F-3 registration statement, ensuring compliance and transparency, which further enhances investor trust and supports future fundraising activities.
See More
Meiwu Technology Announces $14 Million Direct Offering
- Financing Scale: Meiwu Technology has entered into an agreement to sell 6,999,996 ordinary shares at $2.00 each, expecting gross proceeds of approximately $14 million, which will enhance the company's liquidity to support future growth.
- Warrant Issuance: The company will also issue the same number of warrants to investors with an exercise price of $2.00 per share and a one-year term, further incentivizing investor participation in the company's long-term growth.
- Transaction Timeline: The transaction is expected to close on March 18, 2026, subject to customary closing conditions, ensuring timely access to funds to support the company's operations and expansion plans.
- Compliance and Transparency: This offering is made under an effective F-3 registration statement, ensuring compliance with SEC regulations, which enhances investor confidence and improves market transparency.
See More
Meiwu Technology Launches AI Initiative to Enhance Efficiency
- AI Initiative Launch: Meiwu Technology has announced the introduction of an artificial intelligence initiative aimed at enhancing research collaboration and operational efficiency in its functional skincare business by integrating AI data analysis tools to better organize and analyze growing research data.
- Data Management Improvement: This initiative will support internal research coordination, product formulation analysis, and collaboration with external research partners, with expectations to improve the organization and review of historical formulation data and ingredient studies, thereby enhancing product development efficiency.
- Technological Application Outlook: CEO Zhichao Yang noted the increasing use of AI analytical tools in research-intensive industries, anticipating that this will strengthen collaboration between internal teams and external research partners while optimizing the evaluation process of formulation data to drive product innovation.
- Long-term Development Goals: Meiwu Technology aims to leverage this strategy to enhance its skincare product portfolio and supply chain ecosystem, ultimately achieving a more efficient product development process to respond to changing market demands and growth.
See More
