Nature Wood Group Limited Announces Partial Exercise of the Underwriter’s Over-Allotment Option

January 19, 2024

https://www.globenewswire.com/news-release/2023/10/16/2761032/0/en/Nature-Wood-Group-Limited-Announces-Partial-Exercise-of-the-Underwriter-s-Over-Allotment-Option.html

MACAU, Oct. 16, 2023 (GLOBE NEWSWIRE) — Nature Wood Group Limited (the “Company” or “Nature Wood”) (Nasdaq:NWGL), a global leading vertically-integrated forestry company that focuses on FSC business operations, today announced that Prime Number Capital LLC, as underwriter of the Company’s initial public offering (“IPO”), has partially exercised the over-allotment option to purchase an additional 85,868 ADSs at the IPO price of US$9 per ADS. As a result, the Company has raised gross proceeds of $772,812, in addition to the previously announced IPO gross proceeds of approximately $6,750,000, before underwriting discounts and offering expenses.

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