Wellchange Holdings raises $4 million in private placement

Wellchange Holdings Company Limited (NASDAQ: WCT) completed a $4 million private placement of securities on September 4, 2025, according to a company statement.

The Hong Kong-based enterprise software solutions provider issued 100 million Class A ordinary shares at $0.04 per share to institutional investors. Chaince Securities LLC, a subsidiary of Mercurity Fintech Holding Inc. (NASDAQ: MFH), served as the exclusive placement agent for the transaction.

Wellchange entered into the securities purchase agreement and registration rights agreement on September 2, 2025. The company plans to use the net proceeds for general corporate purposes, including potential acquisitions and working capital.

Under the registration rights agreement, Wellchange agreed to file a resale registration statement with the U.S. Securities and Exchange Commission within 60 days of the closing date.

Wellchange operates through its subsidiary Wching HK, providing customized software, cloud-based software-as-a-service platforms, and white-label development services to small and medium-sized businesses.

Chaince Securities is a FINRA-registered broker-dealer based in New York that provides advisory, placement, and capital markets solutions with a focus on emerging growth companies.

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