Tianci International closes $4.9M public offering on Nasdaq
Tianci International, Inc. (NASDAQ: CIIT), a logistics service provider specializing in ocean freight forwarding, announced the closing of a registered public offering of 6,055,000 units at $0.81 per unit, raising approximately $4.9 million in gross proceeds before fees and expenses.
Each unit consists of one share of common stock and one common warrant to purchase one additional share at an exercise price of $0.81. The warrants are immediately exercisable and expire three years from the issuance date. The warrant exercise price is subject to standard anti-dilution adjustments.
The company said it intends to use the net proceeds for working capital, general corporate purposes, product development, and production capacity expansion.
Maxim Group LLC served as the sole placement agent for the offering. The company's registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission on June 15, 2026.
According to a press release, Tianci operates through its subsidiary Roshing, providing ocean freight forwarding services across the Asia-Pacific region, including Japan, South Korea, and Vietnam. The company also generates revenue from mineral trading, electronic parts sales, and business consulting services.
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