Investing.com -- Marwynn Holdings, Inc., a prominent supply chain solutions provider for food, non-alcoholic beverages, and indoor home improvement products, began trading on the Nasdaq Capital Market today. The company’s stock opened at $4.60 per share, following an initial public offering (IPO) priced at $4.00 per share.

Yesterday, Marwynn announced the pricing of its IPO, which included 2,000,000 shares of its common stock, each with a par value of $0.001.

The company anticipates that the gross proceeds from the offering, before the deduction of underwriting discounts and commissions and estimated offering expenses payable by Marwynn, will be around $8,000,000. This calculation does not account for the possibility of an Overallotment being exercised.

Marwynn’s shares are now trading on the Nasdaq Capital Market under the ticker symbol "MWYN".

In conjunction with the IPO, Marwynn has provided the underwriter, American Trust Investment Services, Inc., with a 45-day option, known as an "Overallotment", to purchase up to an additional 300,000 shares of its common stock. This option allows the purchase to be made at the initial public offering price, minus underwriting discounts and commissions.

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