IPO - WANG & LEE GROUP, Inc.

Form Type: 424B5

Filing Date: 2025-03-24

Corporate Action: Ipo

Type: New

Accession Number: 000164117225000251

Filing Summary: WANG & LEE GROUP, Inc. is offering a total of 3,529,400 Ordinary Shares along with associated Class A and Class B Ordinary Share Purchase Warrants to institutional investors. The securities offered are projected to combine with an offering price of $3.40 per Ordinary Share along with the associated warrants. The Class A Warrants will be immediately exercisable upon issuance, while the Class B Warrants will have specific conditions for their exercise starting from March 24, 2025. The aggregate market value of the company's outstanding Ordinary Shares held by non-affiliates was approximately $81.99 million, allowing the company to bypass certain limitations under SEC regulations. Additionally, the company is categorized as an emerging growth company under SEC rules, granting it reduced reporting requirements. The overall proceeds from the offering are intended for general corporate purposes and working capital. It is noted that this offering, filed on March 21, 2025, will close and delivery of securities is expected by March 24, 2025, subject to standard closing conditions.

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