Wonder Auto Technology Inc. (WATG) announced the closing of a follow-on offering of 6.0 million shares of common stock at a public offering price of $10.75 per share. The company received aggregate net proceeds of approximately US$59.2 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the company, not including the overallotment option.
In connection with the offering, the company has granted the underwriters a 30-day option to purchase up to an additional 900 thousand shares of common stock.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.