Meat product processing company through its operating subsidiaries in mainland China — Wing Yip Food Holdings (WYHG) priced its initial public offering of 2.05M ADSs at a public offering price of $4.00 per ADS.

Each ADS represents one ordinary share of the company.

The ADSs have been approved for listing on Nasdaq and are expected to commence trading on November 26, 2024 under the ticker symbol “WYHG”.

The aggregate gross proceeds are expected to be $8.20M, underwriters an option to purchase up to an additional 307,500 ADSs.

The offering is expected to close on or about November 27, 2024.

The company intends to use the proceeds from the offering for upgrading existing production lines and establishing new production lines; marketing and promotion of the company’s products; new product research and development; and working capital and general corporate matters.