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IRVINE, CA / ACCESS Newswire / April 4, 2025 / Marwynn Holdings, Inc. ("Marwynn" or the "Company"), a leading supply chain solutions provider for food, non-alcoholic beverages, and indoor home improvement products, today announced the sale of an additional 50,000 shares its common stock, $0.001 par value per share (the "Shares") pursuant to the partial exercise of the over-allotment option granted to the underwriters of its previously announced initial public offering, for additional gross proceeds of $200,000, before deducting underwriting discounts and offering expenses. The Company intends to use the net proceeds from the offering for supply chain enhancements, business expansion, sales and distribution growth, talent development and retention, working capital, and other general corporate purposes. The Shares began trading on The Nasdaq Capital Market on March 13, 2025 under the ticker symbol "MWYN."
American Trust Investment Services, Inc. ("ATIS") acted as the representative of the underwriters and sole book-running manager for the Offering. Lewis Brisbois Bisgaard & Smith LLP acted as legal counsel to the Company and DeMint Law, PLLC acted as legal counsel to ATIS for the Offering.
A registration statement relating to the offering has been filed with the U.S. Securities and Exchange Commission ("SEC") and became effective on March 11, 2025. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from American Trust Investment Services, Inc., 230 W. Monroe, Suite 300 Chicago, IL, 60606, USA or via email at IB@amtruinvest.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About Marwynn Holdings, Inc.
Marwynn Holdings, Inc. is a Nevada-based holding company specializing in supply chain management for food, non-alcoholic beverages, and home improvement products. Through its subsidiaries, FuAn Enterprise, Inc. and Grand Forest Cabinetry Inc., Marwynn connects suppliers with retailers and consumers across the United States. Learn more at https://www.marwynnholdings.com/.