WF International Prices $167K Offering at $1.50, a 67% Discount to Market
WXM sits 73% above its 52-week low of $2.6.
Summary
WF International priced a $167K offering at $1.50 per share, a 67% discount to its $4.50 market price, signaling continued financial distress.
Key Events · Financing and Capital Events · WXM
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Deep Discount Offering Priced
WF International is offering 111,333 ordinary shares at $1.50 per share, a 66.7% discount to the August 19, 2026 closing price of $4.50.
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Proceeds and Dilution
Gross proceeds are $166,999.50; net proceeds estimated at approximately $0.2 million after $69,000 in expenses. The new shares represent about 3.7% of the 3,026,254 shares outstanding before the offering.
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Distress Signal
The deep discount follows a 73% revenue drop to $2.3M and a $2.5M net loss for the six months ended March 31, 2026, and a $2M private placement at a deep discount in June 2026.
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Closing Timeline
Closing is expected on or about August 21, 2026, with shares sold directly to investors under a share purchase agreement dated August 19, 2026.
Analysis · WXM · Real Estate & Construction
WF International is selling 111,333 shares at $1.50 each, a 67% discount to the $4.50 closing price on August 19, 2026. The deep discount signals distress — the company is raising capital at a fraction of its market value, likely because it cannot attract investors at higher prices. This follows a series of negative events: a 73% revenue drop, a $2.5M net loss, and a recent $2M private placement at a deep discount. The offering is small in dollar terms ($167K gross), but the pricing is a red flag for existing shareholders.
At the time of this filing, WXM was trading at $4.51 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.1M. The 52-week trading range was $2.60 to $42.22. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.