Big Tree Cloud completes $5 million registered direct offering

Big Tree Cloud Holdings Limited (NASDAQ: DSY) closed a registered direct offering with an institutional investor for $5.0 million in gross proceeds, the company announced.

The offering involved the sale of 8,064,516 ordinary shares at $0.62 per share. The company plans to use net proceeds for general corporate purposes and working capital after deducting placement agent fees and offering expenses.

Aegis Capital Corp. served as the exclusive placement agent for the offering. Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to Big Tree Cloud, while Kaufman & Canoles, P.C. represented Aegis Capital Corp.

The offering was conducted under an effective shelf registration statement on Form F-3 that was filed with the Securities and Exchange Commission and declared effective on September 9. A prospectus supplement describing the offering terms was filed with the SEC on September 30.

Big Tree Cloud, founded in 2020 and based in Shenzhen, China, describes itself as a capital platform enterprise focused on strategic investment and industry integration in the personal care sector. The company states it emphasizes scientific research, innovation, and supply chain efficiency improvement in China's personal care industry.

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