New York, May 20, 2026, 04:12 EDT
Meiwu Technology Company Limited shares were bid higher before the bell on Wednesday, extending a sharp rally that nearly doubled the Nasdaq-listed stock in the prior session.
WNW closed Tuesday at $4.75, up 97.10%, after trading between $3.70 and $6.39 on volume of about 51.9 million shares. In premarket trade — the early-hours session before regular U.S. trading — the stock was quoted at $5.31, up 11.79%, at 4:09 a.m. EDT.
The move matters now because the rally is coming just days after Meiwu disclosed fresh financing tied to a planned AI skincare platform. A May 8 SEC filing showed the company sold 25 million ordinary shares at $0.626 apiece in a private transaction, raising about $15.65 million before expenses.
That deal is a PIPE, short for private investment in public equity, meaning a public company sells shares directly to selected investors rather than through a broad public offering. Meiwu said the proceeds would mainly support development of a skincare management platform using artificial intelligence and data-analysis tools, along with related digital infrastructure and working capital.
The buying also follows earlier balance-sheet moves. In March, Meiwu announced a $14 million registered direct offering — a direct sale of registered shares to investors — involving 6,999,996 ordinary shares at $2.00 each and one-year warrants, which give holders the right to buy more shares at a set price.
Meiwu, a British Virgin Islands holding company focused mainly on functional skincare, food-platform and technical-services operations in China, has been trying to reposition itself around skincare after earlier businesses in online food sales and messaging services.
Chief Executive Zhichao Yang said in a March statement that AI-assisted tools could help teams “manage complex datasets and streamline internal workflows,” as the company works with formulation records, ingredient studies and external research partners. PR Newswire
The competitive field is not empty. Perfect Corp., a beauty-tech company, already markets AI skin analysis, skin simulation and related AR tools to beauty and skincare brands, showing the kind of established software offering Meiwu may have to match or differentiate from.
There is also a capital-structure wrinkle. Meiwu announced a 1-for-100 reverse share split effective at the Nasdaq open on April 6; a reverse split consolidates shares and usually raises the quoted price per share without changing the company’s underlying value by itself.
But the rally carries clear risks. Meiwu warned in its May filing that the planned platform is still early-stage, may require significant spending, and may not be developed, deployed or monetized on time, or at all. The company also flagged possible AI, healthcare, consumer-protection, data-privacy and cybersecurity rules in China, the United States and the European Union.
The next test is whether premarket demand holds once regular liquidity returns. Nasdaq’s 2026 holiday calendar lists Memorial Day, May 25, as the next U.S. equity-market closure around this period, leaving Wednesday’s cash session as the immediate gauge of whether traders are buying a financing-backed strategy shift or just chasing another microcap move.
