YANTAI, China, Aug. 2, 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 the treatment, recycling and discharge of wastewater, today announced the closing of its initial public offering (the “IPO”) of 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-day option to purchase up to 210,000 additional shares. The offering closed on August 2, 2017 and shares began trading on July 28, 2017 on NASDAQ Capital Market under the symbol “NEWA”.
ViewTrade Securities, Inc., a global provider of brokerage, investment banking, corporate/advisory and trading platform services, acted as sole 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 not constitute an…