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Ortoli Rosenstadt LLP acted as counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as counsel to the underwriter in connection with the Offering.Ī registration statement on Form S-1 relating to the Offering was filed with the U.S. Univest Securities, LLC acted as the sole book runner to the Offering. The Offering was conducted on a firm commitment basis. Net proceeds from the Offering will be used for the Company's R&D and technology development, marketing and talent recruitment in China, strategic investment in service provider and general working capital. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 shares of its common stock at a price to the public of $4.00 per share, less underwriting discounts. The Company received aggregate gross proceeds of $40 million from the Offering, before deducting underwriting discounts and other related expenses. The Company's common stock began trading on the Nasdaq Capital Market at the opening of the market on July 19, 2022, under the ticker symbol "WETG." (" Wetrade" or the "Company") (NASDAQ: WETG), an emerging growth company engaged in the business of providing software-as-a-services (SAAS) and cloud intelligent systems for micro-businesses, today announced the closing of an underwritten public offering (the "Offering") of 10,000,000 shares of its common stock at a price to the public of $4.00 per share. BEIJING, J/PRNewswire/ - WeTrade Group Inc.