Loeb Advises Wang & Lee Group, Inc. in its Registered Direct Offering of Ordinary Shares

Loeb & Loeb represented Wang & Lee Group, Inc., a multinational leader in sustainable infrastructure and resource development, in its registered direct offering of 3,529,400 ordinary shares at a purchase price of $3.40 per share, together with Series A warrants to purchase up to 3,529,400 ordinary shares and Series B warrants to purchase up to 9,102,135 ordinary shares, for estimated gross proceeds of approximately $12 million before deducting placement agent fees and other offering expenses.

The Loeb team was led by Lawrence Venick, managing partner of the firm’s Hong Kong and Beijing offices, and included Capital Markets associates Rongwei Xie and Michael Tsang.

For more information, please see the company’s press release.