Wang & Lee Group Stock Drops 27% After $12M Offering

On March 26, 2025, Wang & Lee Group's stock price was $4.65 in pre-market trading.

Wang & Lee Group recently announced a $12 million registered direct offering, pricing 3,529,400 ordinary shares at $3.40 per share. This move is part of the company's strategy to secure additional funding through a securities purchase agreement with institutional investors. The offering includes Series A warrants, which provide additional investment opportunities for shareholders.

In other news, Wang & Lee Group has plans to inspect an Australian marble quarry. This initiative is part of the company's broader strategy to expand its operations and secure new resources. The inspection is expected to provide valuable insights into the potential of the quarry and its impact on the company's future projects.