What are upcoming news?
8/11/2025 06:30pm
Here is some upcoming news about WLGS:
1. **Amendment of Solar HK Acquisition Terms**: On August 8, 2025, Wang & Lee Group amended its agreement with Allied Worldwide Industries Limited for the acquisition of Solar (HK) Limited. The amendment replaces the original convertible note payment structure with a cash payment of HK$15,000,000, to be completed within five business days. The vendor agreed to terminate the convertible note, which had not been converted prior to the amendment, marking a significant shift in the transaction’s financial terms.
2. **Reverse Share Split**: On July 28, 2025, Wang & Lee Group, Inc., a company registered in the British Virgin Islands, announced a significant share combination. The board approved a 250-to-1 share consolidation, reducing the number of Class A shares from 174,679,566 to approximately 698,718. This move is expected to streamline the company’s share structure and update its trading system on Nasdaq, potentially impacting its market positioning and shareholder value.
These upcoming news items highlight the company's ongoing developments and strategic initiatives that could influence its stock performance and investor sentiment.