Financing ·
Wellchange raises $7.5M in equity via private placement of 50M shares at $0.15
WCTWellchange Holdings Co Ltd
On August 28, 2026, Wellchange Holdings entered into a securities purchase agreement to issue and sell 50,000,000 Class A ordinary shares at $0.15 per share in a best-efforts offering, generating gross proceeds of $7.5 million. The transaction closed on August 31, 2026. For the six months ended June 30, 2026, total revenues decreased 44.1% to approximately US$669,929 from US$1,197,566 in the prior year period, driven by a complete cessation of white-label software revenue and reduced demand for customized solutions. Net loss narrowed to US$1,406,599 from US$2,965,109, supported by a 61.7% reduction in operating expenses. The company operates as an enterprise software solution services provider offering ERP platforms, SaaS subscriptions, and white-label development.