New York, May 19, 2026, 07:02 (EDT)
Meiwu Technology Company Limited traded higher in premarket on Tuesday, bouncing back after dropping hard on Monday. The Nasdaq stock closed at $2.410 in the last session.
WNW traded at $4.531 before the bell at 7:01 a.m. EDT, gaining 87.99%. Shares had dropped 22.76% on Monday. WNW opened Monday at $3.150, hit the same high, and slid to $2.250 at its low, Webull data showed.
Premarket moves are catching attention because the main Nasdaq session hasn’t opened yet. Premarket trading often sees faster price swings with fewer orders in the book. Nasdaq’s main hours run from 9:30 a.m. to 4:00 p.m. Eastern. May 19 doesn’t show up as a 2026 U.S. market holiday. The next full closure on the exchange’s calendar is Memorial Day, May 25.
The bounce came as the rest of the market went different ways. The Nasdaq Composite lost 0.5% Monday. The Dow added 0.3%. The S&P 500 edged down 0.1%. Oil prices and geopolitical worry kept markets choppy, according to AP.
Meiwu disclosed a May 8 financing in its latest corporate update. The company said in a Form 6-K it raised roughly $15.65 million before costs by selling 25 million ordinary shares at $0.626 apiece in a private deal. After the sale, Meiwu had 26,330,471 ordinary shares outstanding.
A deal like that is known as a PIPE, or private investment in public equity. The public company sells new stock to chosen investors in a private sale. The main concern for existing shareholders is dilution. More shares on the market means each one owns less of the company, unless the raised cash adds enough value.
Meiwu said it will put most of the proceeds toward an AI and data-driven skincare management platform, plus digital infrastructure, working capital, and other needs. The company said investors signed on to a 12-month lock-up. Meiwu also agreed to limits on some new share sales and variable-rate deals for a year.
Meiwu has changed its business fast. Reuters’ company profile calls it a holding company focused on functional skincare, with segments for skincare, quality food products, and technical services. Reuters/LSEG puts its 2025 revenue at $7.08 million with a net loss of $18.59 million.
Management is calling the skincare move both a product and data challenge. In March, CEO Zhichao Yang said AI tools might “help teams manage complex datasets and streamline internal workflows,” talking about formulation records, ingredient studies and work with research partners. PR Newswire
Meiwu called out Winona, Pechoin and Chando as key rivals in its latest annual report, saying the beauty space is crowded. The company is pitching itself as a platform for functional skincare, aiming to target specific skin needs instead of just selling traditional cosmetics.
Meiwu did the 1-for-100 reverse share split on April 6, Nasdaq Trader said. The move combined shares to boost the per-share price but left the company’s business value unchanged. Nasdaq also said Meiwu now has a new CUSIP number, G9604C131.
But the trade carries risk, too. Meiwu said in its May filing that its planned AI skincare platform is still at an early stage and may fail to launch or make it to market. The company listed several risks involving healthcare, medical-device, consumer-protection, AI, data-privacy and cybersecurity rules. It also flagged challenges in hiring qualified technical staff.
Tuesday’s open will show if the premarket gains stick once full trading gets underway. Right now, the main story is a sharp bounce in a small, heavily reworked stock, not a clear shift in the company’s operations.
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