NEW YORK, Aug. 11, 2026 /PRNewswire/ -- LONDIAN WASON NEW ENERGY TECH INC. (&#34;Londian Wason&#34; or the &#34;Company&#34;), leading global researcher, developer, and manufacturer of electrolytic copper foil,

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Aug. 11, 2026</span> /PRNewswire/ -- LONDIAN WASON NEW ENERGY TECH INC. (&#34;Londian Wason&#34; or the &#34;Company&#34;), leading global researcher, developer, and manufacturer of electrolytic copper foil<span xmlns="http://www.w3.org/1999/xhtml" id="spanHghltd7c9">, announced</span> the pricing of its upsized initial public offering of approximately 4.3 million American depositary shares, or ADSs, at a public offering price of $22.00 per ADS, for a total of $94.3 million in gross proceeds. In addition, Londian Wason has granted the underwriters a 30-day option to purchase up to an additional approximately 642,857 ADSs from Londian Wason at the initial public offering price, less underwriting discounts and commissions.</p>
<p xmlns="http://www.w3.org/1999/xhtml">All of the ADSs are being offered by Londian Wason. The net proceeds from the offering, after deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to be approximately $87.0 million, excluding any exercise of the underwriters&#39; option to purchase additional ADSs.</p><p xmlns="http://www.w3.org/1999/xhtml">The ADSs are expected to begin trading on the New York Stock Exchange (NYSE) on August 12, 2026, under the ticker symbol &#34;FOIL&#34;. The offering is expected to close on August 13, 2026, subject to the satisfaction of customary closing conditions.</p><p xmlns="http://www.w3.org/1999/xhtml">Londian Wason currently intends to use the net proceeds from this offering primarily to fund global production expansion and facility upgrades, research and development of advanced technologies, improvements in manufacturing efficiency, expansion of its product portfolio and applications, and general corporate purposes.</p><p xmlns="http://www.w3.org/1999/xhtml">Cantor is acting as lead book-running manager for the offering. Huatai Securities, CMB International, and US Tiger Securities are acting as joint book-running managers. Fortune Securities, VC Brokerage, and BOCOM International are acting as co-managers.</p><p xmlns="http://www.w3.org/1999/xhtml">Registration statements relating to these securities became effective by the Securities and Exchange Commission on August 11, 2026. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Cantor Fitzgerald &amp; Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022 or by email to <span xmlns="http://www.w3.org/1999/xhtml" id="spanHghltcb99"><a xmlns="http://www.w3.org/1999/xhtml" href="mailto:prospectus@cantor.com" target="_blank" rel="nofollow">prospectus@cantor.com</a>. </span>Copies may also be obtained, when available, by visiting EDGAR on the SEC&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov/" target="_blank" rel="nofollow">www.sec.gov</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Londian Wason</b></p><p xmlns="http://www.w3.org/1999/xhtml">According to Frost&amp;Sullivan, Londian Wason was the world&#39;s largest supplier of lithium-ion battery (&#34;LiB&#34;) copper foil in terms of sales volume in 2025, holding a global market share of 7.6%. In 2025, the Company supplied approximately 111,985 metric tons of LiB copper foil, maintaining the world&#39;s largest annual sales volume. As an industry leader in the global electrolytic copper foil market, Londian Wason has established a high-quality and diversified global customer base, serving top global battery and electronic circuit manufacturers such as LG Energy Solution, Panasonic Industrial Materials, SK On, Samsung SDI, ATL, CATL, BYD, and Sunwoda.</p><p xmlns="http://www.w3.org/1999/xhtml">Londian Wason was the first copper foil manufacturer in China to successfully develop 6µm high-strength LiB copper foil and the first in the world to achieve mass production of 6µm copper foil. It is also the first in China to successfully develop ultra-thin 4µm LiB copper foil and the first in the world capable of mass-producing high-tensile strength 4µm LiB copper foil. Londian Wason possesses the world&#39;s largest designed capacity: as of December 31, 2025, the Company operated six electrolytic copper foil manufacturing sites with the largest global electrolytic copper foil designed annual capacity of approximately 180,500 metric tons.</p><p xmlns="http://www.w3.org/1999/xhtml">In FY2025, the Company&#39;s revenue reached RMB10.942 billion (approximately US$1.565 billion), representing significant growth from RMB8.762 billion in FY2024. Net income for FY2025 reached RMB20.315 million (approximately US$2.905 million), while Adjusted EBITDA reached RMB868.851 million (approximately US$124.244 million). In terms of R&amp;D, as of December 31, 2025, the Company had a dedicated R&amp;D team of 428 professionals, holding 634 registered patents and 168 pending patent applications in China. It also employs approximately 728 core manufacturing personnel with an average of over 10 years of industry experience.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CN24675&amp;sd=2026-08-11"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/global-copper-foil-leader-londian-wason-announces-pricing-of-upsized-initial-public-offering-302849166.html" target="_blank">https://www.prnewswire.com/news-releases/global-copper-foil-leader-londian-wason-announces-pricing-of-upsized-initial-public-offering-302849166.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE LONDIAN WASON NEW ENERGY TECH INC.</p>

FOIL

Global Copper Foil Leader Londian Wason Announces Pricing of Upsized Initial Public Offering

Londian Wason IPO Foil Lead Signaling Battery-Copper Foil Growth

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, Aug. 11, 2026 /PRNewswire/ -- LONDIAN WASON NEW ENERGY TECH INC. (&amp;#34;Londian Wason&amp;#34; or the &amp;#34;Company&amp;#34;), leading global researcher, developer, and manufacturer of electrolytic copper foil,</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Londian Wason priced an upsized IPO of ~4.3 million ADSs at $22, raising about $94.3 million gross and roughly $87 million net, with a 30-day option for ~642,857 additional ADSs. Proceeds will fund global production expansion, facility upgrades, and R&amp;D to grow Li-ion copper foil capacity and applications. FOIL begins trading on the NYSE Aug 12, 2026, with potential upside tied to battery-demand growth and customer expansion.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Upsized IPO: ~4.3M ADSs at $22.</li><li>IPO gross $94.3M; net ~$87.0M.</li><li>NYSE listing: FOIL; trading begins Aug 12, 2026.</li><li>Use of proceeds: expansion, R&amp;D, efficiency, product portfolio.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Londian Wason New Energy Tech Inc. (FOIL)</strong>: Issuer;upsized IPO details and use of proceeds central to FOIL valuation.</li><li><strong>LG Energy Solution (LGES)</strong>: Major LiB battery customer; supports durable copper foil demand tailwinds.</li><li><strong>CATL (CATL)</strong>: Key LiB battery supplier; implies sizable foil demand linkage.</li><li><strong>BYD (BYD)</strong>: Large EV/battery company; potential foil demand accelerator.</li><li><strong>Samsung SDI (SSDI)</strong>: Significant LiB player; contributes to broader foil consumption growth.</li><li><strong>Panasonic Industrial Materials (PANASONIC)</strong>: Longtime LiB foil user; supportive of foil market fundamentals.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article focuses on Londian Wason&#039;s IPO and capital deployment plans, a direct corporate-financing event driving FOIL&#039;s near-term relevance and longer-term demand dynamics for LiB copper foil.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>FOIL debuts on NYSE Aug 12, 2026; first-day volatility likely.</li><li>IPO proceeds fund capacity expansion and R&amp;D, signaling supply growth.</li><li>2025 revenue and EBITDA show scale; potential margin improvements with efficiency.</li><li>Large LiB customer base underscores durable foil demand tailwinds.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Upsized IPO: ~4.3M ADSs at $22; gross $94.3M.</li><li>Net proceeds expected around $87.0M after expenses.</li><li>NYSE listing: FOIL; trading begins Aug 12, 2026; close Aug 13.</li><li>FY2025 revenue RMB10.942B (~US$1.565B); net income RMB20.315M; Adj EBITDA RMB868.851M.</li><li>2025 LiB copper foil sales: 111,985 metric tons; global market share 7.6%.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>FOIL likely trades higher on IPO debut and capacity expansion, with a near-term positive drift over 6–12 months as LiB foil demand grows.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Aug. 11, 2026</span> /PRNewswire/ -- LONDIAN WASON NEW ENERGY TECH INC. (&#34;Londian Wason&#34; or the &#34;Company&#34;), leading global researcher, developer, and manufacturer of electrolytic copper foil<span xmlns="http://www.w3.org/1999/xhtml" id="spanHghltd7c9">, announced</span> the pricing of its upsized initial public offering of approximately 4.3 million American depositary shares, or ADSs, at a public offering price of $22.00 per ADS, for a total of $94.3 million in gross proceeds. In addition, Londian Wason has granted the underwriters a 30-day option to purchase up to an additional approximately 642,857 ADSs from Londian Wason at the initial public offering price, less underwriting discounts and commissions.</p>
<p xmlns="http://www.w3.org/1999/xhtml">All of the ADSs are being offered by Londian Wason. The net proceeds from the offering, after deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to be approximately $87.0 million, excluding any exercise of the underwriters&#39; option to purchase additional ADSs.</p><p xmlns="http://www.w3.org/1999/xhtml">The ADSs are expected to begin trading on the New York Stock Exchange (NYSE) on August 12, 2026, under the ticker symbol &#34;FOIL&#34;. The offering is expected to close on August 13, 2026, subject to the satisfaction of customary closing conditions.</p><p xmlns="http://www.w3.org/1999/xhtml">Londian Wason currently intends to use the net proceeds from this offering primarily to fund global production expansion and facility upgrades, research and development of advanced technologies, improvements in manufacturing efficiency, expansion of its product portfolio and applications, and general corporate purposes.</p><p xmlns="http://www.w3.org/1999/xhtml">Cantor is acting as lead book-running manager for the offering. Huatai Securities, CMB International, and US Tiger Securities are acting as joint book-running managers. Fortune Securities, VC Brokerage, and BOCOM International are acting as co-managers.</p><p xmlns="http://www.w3.org/1999/xhtml">Registration statements relating to these securities became effective by the Securities and Exchange Commission on August 11, 2026. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Cantor Fitzgerald &amp; Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022 or by email to <span xmlns="http://www.w3.org/1999/xhtml" id="spanHghltcb99"><a xmlns="http://www.w3.org/1999/xhtml" href="mailto:prospectus@cantor.com" target="_blank" rel="nofollow">prospectus@cantor.com</a>. </span>Copies may also be obtained, when available, by visiting EDGAR on the SEC&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov/" target="_blank" rel="nofollow">www.sec.gov</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Londian Wason</b></p><p xmlns="http://www.w3.org/1999/xhtml">According to Frost&amp;Sullivan, Londian Wason was the world&#39;s largest supplier of lithium-ion battery (&#34;LiB&#34;) copper foil in terms of sales volume in 2025, holding a global market share of 7.6%. In 2025, the Company supplied approximately 111,985 metric tons of LiB copper foil, maintaining the world&#39;s largest annual sales volume. As an industry leader in the global electrolytic copper foil market, Londian Wason has established a high-quality and diversified global customer base, serving top global battery and electronic circuit manufacturers such as LG Energy Solution, Panasonic Industrial Materials, SK On, Samsung SDI, ATL, CATL, BYD, and Sunwoda.</p><p xmlns="http://www.w3.org/1999/xhtml">Londian Wason was the first copper foil manufacturer in China to successfully develop 6µm high-strength LiB copper foil and the first in the world to achieve mass production of 6µm copper foil. It is also the first in China to successfully develop ultra-thin 4µm LiB copper foil and the first in the world capable of mass-producing high-tensile strength 4µm LiB copper foil. Londian Wason possesses the world&#39;s largest designed capacity: as of December 31, 2025, the Company operated six electrolytic copper foil manufacturing sites with the largest global electrolytic copper foil designed annual capacity of approximately 180,500 metric tons.</p><p xmlns="http://www.w3.org/1999/xhtml">In FY2025, the Company&#39;s revenue reached RMB10.942 billion (approximately US$1.565 billion), representing significant growth from RMB8.762 billion in FY2024. Net income for FY2025 reached RMB20.315 million (approximately US$2.905 million), while Adjusted EBITDA reached RMB868.851 million (approximately US$124.244 million). In terms of R&amp;D, as of December 31, 2025, the Company had a dedicated R&amp;D team of 428 professionals, holding 634 registered patents and 168 pending patent applications in China. It also employs approximately 728 core manufacturing personnel with an average of over 10 years of industry experience.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CN24675&amp;sd=2026-08-11"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/global-copper-foil-leader-londian-wason-announces-pricing-of-upsized-initial-public-offering-302849166.html" target="_blank">https://www.prnewswire.com/news-releases/global-copper-foil-leader-londian-wason-announces-pricing-of-upsized-initial-public-offering-302849166.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE LONDIAN WASON NEW ENERGY TECH INC.</p>

Londian Wason priced an upsized IPO of ~4.3 million ADSs at $22, raising about $94.3 million gross and roughly $87 million net, with a 30-day option for ~642,857 additional ADSs. Proceeds will fund global production expansion, facility upgrades, and R&D to grow Li-ion copper foil capacity and applications. FOIL begins trading on the NYSE Aug 12, 2026, with potential upside tied to battery-demand growth and customer expansion.

News insight

Global Copper Foil Leader Londian Wason Announces Pricing of Upsized Initial Public Offering

AI summary

Sentiment rationale

Key facts

Corporate Developments