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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.