Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 79

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 10
Chunk 79
---
ITEM 10. ADDITIONAL INFORMATION

10. A. Share Capital

Not Applicable.

10. B. Memorandum and Articles of Association

A copy of our amended and restated memorandum
of association and our amended and restated articles of association (the “ Memorandum of Association” and the “Articles
of Association”, respectively and together as the “Memorandum and Articles of Association”) is filed as an
exhibit to this annual report.

We are an exempted company incorporated with limited
liability in the Cayman Islands and our affairs will be governed by our Memorandum and Articles of Association, the Companies Act and
the common law of the Cayman Islands.

As of the date of this annual report, our authorized
share capital is US$50,000 divided into 1,000,000,000 Ordinary Shares, par value US$0.00005 each.

Immediately prior to our initial public offering
on Nasdaq, we had 20,000,000 Ordinary Shares of par value US$0.00005 per Ordinary Share were issued, fully paid and outstanding.

On October 3, 2024, the Company closed its
initial public offering of 1,100,000 Ordinary Shares on Nasdaq at a public offering price of US$4.00 per Ordinary Share. And upon
completion of the initial public offering, we had 2,110,000 Ordinary Shares issued and outstanding. In connection with the closing
of the initial public offering, the Company also issued to Dominari Securities LLC, the representative of the underwriters in the initial
public offering, warrants to purchase up to 38,500 Ordinary Shares.

Subsequent to the initial public offering, on
October 15, 2024, the representative of the underwriters in the Company’s initial public offering, Dominari Securities LLC,
fully exercised its over-allotment option to purchase an additional 165,000 Ordinary Shares, as a result of which the Company had
21,265,000 Ordinary Shares issued and outstanding. In connection with the over-allotment option exercise, on October 17, 2024,
the Company issued Dominari Securities LLC warrants to purchase up to 5,775 Ordinary Shares.

On January 15, 2025, the Company entered into
Securities Purchase Agreements with several investors pursuant to which the Company agreed to issue and sell, in a best effort offering,
a total of 25,000,000 Ordinary Shares at the price of $0.40