Londian Wason (NYSE: FOIL) Closes Partial Over-Allotment Option Exercise, Raising Over USD108 Million in Total IPO Proceeds
NEW YORK CITY, Sept 14, 2026 – (ACN Newswire) – Londian Wason New Energy Tech Inc. (NYSE: FOIL), a worldwide innovation-driven designer and producer of electrolytic copper foil, just recently revealed the closing of the sale of an extra 626,104 American Depositary Shares (ADSs) pursuant to the partial workout of the underwriters’ over-allotment choice approved in connection with its going public (IPO).
The alternative was worked out at the IPO cost of USD22.00 per ADS. Consisting of the formerly revealed IPO gross earnings of USD94,285,708, the business raised aggregate gross profits of USD108,059,996 previous to subtracting underwriting discount rates, commissions, and offering expenditures.
Cantor Fitzgerald & & Co., Huatai Securities (USA), Inc., CMB International Capital Limited, and United States Tiger Securities served as agents of the underwriters for the offering.
Londian Wason is an integrated products business concentrating on R&D, production, and sales of high-performance brand-new energy and electronic products. It is China’s very first maker to establish 6μm high-strength LiB copper foil and the world’s very first one to be efficient in standardizing 6μm LiB copper foil. The business likewise has massive mass production capability for 4μm high-tensile and high-strength LiB copper foil. The Company’s broad item suite varies from ultra-thin battery foils to PCB-grade foils covering HTE to HVLP requirements, serving varied end markets consisting of electrical automobiles (EVs), energy storage systems (ESS), telecom, and customer electronic devices. Its PCB copper foil provides high signal stability and very little signal attenuation for high-frequency, high-speed transmission, supporting next-generation innovative computing clusters.
In the PCB copper foil section, Londian Wason has actually functioned as an essential provider to Panasonic Industrial Materials for 12 successive years. As AI-driven need for calculating facilities rises significantly, high-frequency and high-speed PCB copper foil has actually ended up being an important product for AI servers and high-speed switches. According to Frost & & Sullivan, Londian Wason delivered roughly 111,985 metric lots of lithium battery copper foil in 2025, ranking No. 1 worldwide by yearly sales volume.
The main functions of this offering are for international production growth and upgrade, consisting of constructing brand-new production centers, acquiring sophisticated production devices, and broadening capability by means of possible tactical financial investments and acquisitions, and for the R&D of sophisticated innovations, high-efficiency production procedures, broadened item portfolios and application situations, along with for basic business functions, such as capital requirements and bring in and maintaining market skill.
The offering was performed under the business’s Registration Statement on Form F-1, stated reliable by the U.S. Securities and Exchange Commission on August 11, 2026.