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Meiwu Technology Company Limited (NASDAQ:WNW) shares traded higher on Tuesday.
Earlier this month, the company disclosed a new private financing deal tied to its artificial intelligence expansion strategy. The firm raised fresh capital while outlining plans for an AI-powered skincare management platform.
Meiwu Technology said it secured approximately $15.65 million through a private share sale involving 25 million ordinary shares.
• Meiwu Technology Co shares are climbing with conviction. Why are WNW shares rallying?
Private Placement Fuels AI Plans
Meiwu sold shares at $0.626 each through a securities purchase agreement signed on May 5. The transaction closed three days later on May 8.
Following the offering, …
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