WXM News & Events

WF International Ltd trading halted, news pending

WF International Limited announced that its board of directors and shareholders approved a consolidation of its ordinary shares on a ten-to-one basis. The company's ordinary shares will begin trading on a post consolidation basis on June 4. As a result of the Share Consolidation, each ten pre-consolidation ordinary shares of the company will be automatically consolidated into one ordinary share without any action on the part of the holders, with par value of the ordinary shares being changed from $0.000001 per share to $0.00001 per share, and the company's issued and outstanding ordinary shares will be reduced from 11,268,745 to approximately 1,126,875. The company's ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol "WXM" under a new CUSIP number - G9627S113. The share consolidation is intended to increase the market price per share of the company's ordinary shares to allow the company to maintain its Nasdaq listing.

WF International Ltd. files $60M mixed securities shelf

WF International announced that the company had received a notification letter from the Nasdaq, notifying the company that it is not currently in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550, because the closing bid price of the company's ordinary shares, par value $0.000001 per share, was below $1.00 per share for a period of 33 consecutive business days from November 6 to December 23.