WLGS Overview

Share Combination Announcement: WANG & LEE GROUP, Inc. announced a 250-to-one share combination approved by its board on July 28, 2025, with trading to begin on September 2, 2025.

Impact on Shares: The combination will reduce the number of outstanding shares from approximately 174.7 million to about 698,719, aiming to increase the market price per share and maintain its Nasdaq listing.

No Shareholder Vote Required: The share combination does not require a shareholder vote under British Virgin Islands law, and no fractional shares will be issued as a result.

Company Overview: WANG & LEE GROUP is a Hong Kong-based construction contractor specializing in Electrical & Mechanical Systems installation for various sectors, providing design and contracting services.

Western Union Acquisition: Western Union plans to acquire International Money Express, Inc. (Intermex) for $500 million, leading to a significant 54.3% rise in IMXI shares during pre-market trading.

Market Movements: Various stocks experienced notable changes in pre-market trading, with ALT5 Sigma Corporation gaining 79.2% and C3.ai, Inc. dropping 29.5% following their earnings report.

U.S. Stock Market Performance: U.S. stocks experienced a decline, with the Dow down 0.40%, Nasdaq falling 0.22%, and S&P 500 dropping 0.20%. Notably, UnitedHealth Group reported disappointing earnings and revised its guidance for 2025.

Market Movements and Economic Indicators: DURECT Corporation saw a significant stock increase due to an acquisition announcement, while AIM ImmunoTech's shares plummeted after a public offering. Additionally, job openings decreased, and the U.S. trade deficit in goods narrowed in June.

Market Performance: U.S. stocks showed mixed results with the Nasdaq gaining 0.4%, while the Dow fell slightly. Procter & Gamble reported better-than-expected earnings, and several companies saw significant stock price changes due to various announcements.

Economic Indicators: Job openings in the U.S. declined by 275,000 in June, while wholesale inventories increased by 0.2%. The trade deficit in goods also shrank by $10.4 billion during the same period.

Celestica's Financial Performance: Celestica Inc. shares surged 12.1% in pre-market trading after reporting second-quarter earnings of $1.39 per share, exceeding analyst expectations, and raising its FY25 guidance along with third-quarter estimates.

Market Movements: Several stocks experienced significant pre-market trading movements, with Salarius Pharmaceuticals gaining 279.1%, while AIM ImmunoTech saw a decline of 40.9% following disappointing trial data.

Vicor Corporation Earnings Report: Vicor's shares surged 39% in pre-market trading after reporting second-quarter earnings of 91 cents per share, significantly exceeding analyst expectations of 18 cents, along with sales of $141.046 million against a forecast of $96.433 million.

Pre-Market Stock Movements: Several stocks experienced notable changes in pre-market trading, including ABIVAX which rose 410%, while Texas Instruments and VisionWave Holdings saw declines of 12% and 13%, respectively.