Recent Updates — FOIL
Londian Wason New Energy Tech Inc. announced the closing of the partial exercise of its underwriters' over-allotment option for an additional 626,104 American Depositary Shares (ADSs) at $22.00 per ADS. This transaction raised aggregate gross proceeds of $108,059,996 when combined with the initial IPO proceeds of $94,285,708. The offering was conducted pursuant to a Form F-1 registration statement declared effective on August 11, 2026, with Cantor Fitzgerald & Co., Huatai Securities (USA), Inc., CMB International Capital Limited, and US Tiger Securities acting as underwriters. Londian Wason New Energy Tech Inc. operates in the new energy technology sector, specifically as a global researcher, developer, and manufacturer of electrolytic copper foil.
Londian Wason New Energy Tech Inc. closed its initial public offering of 4,285,714 American depositary shares (ADSs), representing 21,438,570 ordinary shares. The New York Stock Exchange lifted the trading halt on the company's ADSs, and trading has resumed under the ticker symbol FOIL. This event marks the company's entry into public markets. Londian Wason New Energy Tech Inc. operates in the new energy technology sector, specifically focusing on the development, manufacturing, and delivery of electrolytic copper foil products.
Londian Wason New Energy Tech Inc. announced that the closing of its initial public offering of 4,285,714 American depositary shares (ADSs), representing 21,438,570 ordinary shares, is expected to occur on or about August 19, 2026. The company operates in the new energy technology sector, specifically focusing on electrolytic copper foil.