Wnw Beauty (WNW) surged 9% in after-hours trading to $3.82. The stock gained 7% during regular trading.

The company completed a $15.65 million private placement in May, issuing 25 million shares at $0.626 per share to fund software development and commercialization of its AI skincare platform. Additionally, Wnw Beauty executed a 1-for-100 reverse stock split on April 1, reducing outstanding shares from approximately 133 million to 1.33 million.