Marwynn Holdings completes IPO of 2M shares at $4, raising $8M gross; Nasdaq listing under MWYN

Marwynn Holdings, Inc.

Offering of 2,000,000 shares at $4.00 per share closed March 14, 2025; gross proceeds $8,000,000.
Shares began trading on Nasdaq Capital Market on March 13, 2025 under ticker MWYN.
Underwriters granted 45-day option to purchase up to 300,000 additional shares at $4.00.
Representative warrant issued to purchase up to 100,000 shares (or 115,000 if over-allotment exercised) at $4.80 per share.
Net proceeds to be used for supply chain enhancements, business expansion, working capital, and general corporate purposes.

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