Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 83

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 83
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,560,000 ordinary shares issued and outstanding) owned by Power
Smart, 4.5% (representing 180,000 Ordinary Shares issued and outstanding) owned by Ocean Serene, 3.5% (representing 140,000 Ordinary
Shares issued and outstanding) owned by Paramount Fortune, and 3.0% (representing 120,000 Ordinary Shares of the issued and outstanding)
owned by Prestige Leader, respectively.

On February 8, 2024, the Company undertook
a 5-for-1 forward split of our ordinary shares, approved by our existing shareholders and board of directors. As a result, the Company’s
authorized share capital is US$50,000 divided into 1,000,000,000 Ordinary Shares, par value US$0.00005, and the ordinary shares issued
and outstanding increased from 4,000,000 to 20,000,000. Wellchange Cayman was 89% (representing 17,800,000 Ordinary Shares issued
and outstanding) owned by Power Smart, 4.5% (representing 900,000 Ordinary Shares issued and outstanding) owned by Ocean Serene,
3.5% (representing 700,000 Ordinary Shares issued and outstanding) owned by Paramount Fortune, and 3.0% (representing 600,000 Ordinary
Shares of the issued and outstanding) owned by Prestige Leader Paramount Fortune, respectively.

Initial Public Offering

On October 3, 2024,
the Company completed its initial public offering of 1,100,000 Ordinary Shares at the public offering price of US$4.00 per Ordinary
Share on Nasdaq, as a result of which the Company had 21,100,000 Class A 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.

Over-allotment Option Exercise

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. In connection
with the over-allotment option exercise, on October 17, 2024, the Company issued Dominari Securities LLC warrants to