WCT Overview

Compliance Extension Granted: Wellchange Holdings has received a 180-day extension from Nasdaq to meet the minimum bid price requirement of $1.00 per share, now due by April 27, 2026.

Previous Non-Compliance Notification: The company was previously notified on April 30, 2025, that it did not meet the minimum bid price requirement for 30 consecutive business days, leading to the initial compliance period.

Conditions for Compliance: To regain compliance, Wellchange's Class A ordinary shares must maintain a closing bid price of at least $1.00 for ten consecutive business days during the new compliance period.

Company Overview: Wellchange Holdings, based in Hong Kong, provides enterprise software solutions and aims to assist small and medium businesses in their digital transformation and productivity optimization.

Private Placement Announcement: Chaince Securities LLC acted as the exclusive placement agent for Wellchange Holdings Company Limited, facilitating a private placement of 100 million Class A ordinary shares at $0.04 per share, raising $4 million in gross proceeds.

Use of Proceeds and Future Plans: Wellchange intends to use the net proceeds for general corporate purposes, including potential acquisitions and working capital, and has committed to filing a resale registration statement with the SEC within 60 days of the offering's closing.

Private Placement Announcement: Chaince Securities LLC acted as the exclusive placement agent for Wellchange Holdings Company Limited, facilitating a private placement of 100 million Class A ordinary shares at $0.04 per share, raising $4 million in gross proceeds.

Use of Proceeds and Future Plans: Wellchange intends to use the net proceeds for general corporate purposes, including potential acquisitions and working capital, and has committed to filing a resale registration statement with the SEC within 60 days of the offering's closing.

Deckers Outdoor Corporation Performance: Shares of Deckers Outdoor Corporation rose 11.6% in pre-market trading after reporting first-quarter earnings of 93 cents per share, exceeding analyst estimates, and quarterly revenue of $964.5 million, surpassing expectations.

Market Movements: Various stocks experienced significant changes in pre-market trading, with notable gainers including Linkhome Holdings (up 51%) and Coursera (up 22.5%), while losers included Incannex Healthcare (down 42.1%) and Intel Corporation (down 5.9%).

Compliance Notification from Nasdaq: Wellchange Holdings Company Limited has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as its shares have been below $1.00 for 33 consecutive business days. The company has until October 27, 2025, to regain compliance.

Company's Response and Operations: The company is actively monitoring its share price and considering options to meet Nasdaq requirements, while continuing to focus on providing enterprise software solutions to empower small and medium businesses in their digital transformation efforts.