WORK Medical Technology Group, a Chinese manufacturer of disposable medical products, raised $8 million by offering 2 million shares at $4.00. The company originally filed in 2023 to offer 3 million shares at a range of $4.00 to $5.00, before lowering deal terms earlier this year.
The Hangzhou, China-based company develops, manufactures, and sells a portfolio of 21 medical products, including medical face masks, artery compression tourniquets, disposable breathing circuits, laryngeal mask airways, and endotracheal tubes. All 21 of the devices are sold domestically in China, and 15 are sold internationally.
The company was founded in 2002 and booked $10 million in revenue for the 12 months ended March 31, 2024. Read more on the SEC-filed roadshow slides.
WORK Medical Technology Group plans to list on the Nasdaq under the symbol WOK. Kingswood Capital Markets acted as sole bookrunner on the deal.
