Wellchange Closes $7.5M Offering at $0.15/Share — 50M Shares, 80% Below Recent Price
WCT has more than doubled off its 52-week low of $0.38.
Summary
Wellchange closed its $7.5M offering of 50M shares at $0.15 each, adding heavy dilution and locking in placement agent economics for future deals.
Key Events · Financing and Capital Events · WCT
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Offering Closed at $0.15/Share
50,000,000 Class A shares sold at $0.15 each for $7.5M gross proceeds, closing August 31, 2026.
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Deep Discount to Market
The $0.15 offering price is roughly 88% below today's $1.25 quote, continuing a pattern of falling prices ($0.24 in July 2026).
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Placement Agent Economics
Prime Number Capital receives 6.0% cash fee, 1.0% non-accountable expense allowance, up to $100K expense reimbursement, and a 9-month right of first refusal on future offerings.
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Use of Proceeds
20% sales/marketing, 10% R&D, 30% business expansion, 20% strategic investments, 20% working capital.
Analysis · WCT · Technology
Wellchange closed a $7.5 million best-efforts offering of 50 million Class A shares at $0.15 each — a price roughly 88% below today's $1.25 quote. The deal adds massive dilution to a company that already executed a 1-for-400 reverse split in March 2026 and has been raising capital at successively lower prices ($0.24 in July, now $0.15). Placement agent Prime Number Capital takes a 6% cash fee plus 1% expense allowance and a 9-month right of first refusal on future financings, while insiders are locked up for 180 days. The proceeds are earmarked mostly for operations and expansion, but the pricing pattern signals the company is funding itself at increasingly punitive terms.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.6% of the 1805 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WCT was trading at $1.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9M. The 52-week trading range was $0.38 to $25.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.