Chanson International Holding announced on June 16, 2025, the closing of its public offering, which generated aggregate gross proceeds of approximately $8 million. This capital raise was completed before deducting placement agent fees and other estimated expenses payable by the company.
The offering consisted of 16,000,000 units, each priced at $0.50, comprising one Class A ordinary share (or a pre-funded warrant) and two series of warrants. Each Series A and Series B warrant has an exercise price of $0.525 per Class A ordinary share.
The company plans to utilize the net proceeds from this offering to open new stores in both China and the U.S., with the specific allocation determined by market conditions. This successful financing event bolsters Chanson's liquidity and provides a solid foundation for its future growth initiatives.
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