NewaterTechnology, Inc. Announces Pricing of Initial Public Offering
Shares areExpected to Commence Trading Today on NASDAQ Capital Market as “NEWA”
YANTAI, China, July28, 2017/ PRNewswire/ -- Newater Technology, Inc. (“Newater” or the“Company”) (Nasdaq: NEWA), a developer and manufacturer of membrane filtration products and related hardware and engineered systems that are used in thetreatment, recycling and discharge of wastewater, today announced the pricing of its initial public offeringof 1,400,000 of its common shares at a price to the public of $5.00 per share for a total offering size of $7,000,000 before underwriting discounts and commissions and offering expenses. The Company has granted the underwriter a 45-dayoption to purchase up to 210,000 additional shares. Theoffering is expected to close on August 2, 2017, and the shares are expected tobegin trading on NASDAQ Capital Market today under the symbol "NEWA".
ViewTrade Securities, Inc., a global provider of brokerage, investment banking, corporate/advisory and trading platform services, acted assole book-running manager for the offering.
A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”)and was declared effective on July 27, 2017. This press release shall notconstitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration orqualification under the securities laws of any state or jurisdiction.
The offering has been made only by meansof a prospectus. A copy of the final prospectus related to the offeringmay be obtained, when available, from ViewTrade Securities, via email: IB@Viewtrade.comor standard mail at ViewTrade Securities, 7280 W Palmetto Park Rd, #310, BocaRaton, FL 33433, Attn: Prospectus Department. In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC’s website at 网页链接
About Newater Technology, Inc.
Foundedin 2012 and headquartered in Yantai, Shandong Province, Newater is a China-based wastewater purification treatment company that focuses on the development, manufacture and sale of disk tube reverse osmosis and disk tube nanofiltration membranefiltration products that are used in the treatment, recycling and discharge ofwastewater. The Company’sproducts can be used across a wide spectrum of industries, including;
· Leachate from landfills
· Power plant waste water
· Wastewater from oil fields
· Wastewater from gas production
· High acid wastewater
· Desalination
The Company also supplies hardware and engineered systems necessary to implement integrated solutions and provides related technical solutions in engineering support and installation, technical advice and other project related solutions.
For more information, please contact:
Tony Tian, CFA Weitian Group LLC Email: tony.tian@weitian-ir.com Phone: +1-732-910-9692