Sino-Global Shipping America (SINO) Prices 3.655M Share Registered Direct Offering

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Go back to Sino-Global Shipping America (SINO) Prices 3.655M Share Registered Direct Offering

Sino-Global Shipping America Announces Pricing of Approximately $28.5 million Registered Direct Offering Priced At-The-Market

February 10, 2021 9:00 AM EST

ROSLYN, N.Y., Feb. 10, 2021 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company" or "SINO"), a non-asset based global shipping and freight logistical integrated solutions provider, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $28.5 million worth of its common stock in a registered direct offering and warrants to purchase common stock in a concurrent private placement priced at-the-market under Nasdaq rules.

Under the terms of the securities purchase agreement, the Company has agreed to sell approximately 3,655,000... More