China Xiangtai Food (PLIN) Completes $16.5M Direct Offering

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Go back to China Xiangtai Food (PLIN) Completes $16.5M Direct Offering

China Xiangtai Food Co., Ltd. Announces Closing of US$16.5 Million Registered Direct Offering

November 24, 2021 4:30 PM EST

CHONGQING, China, Nov. 24, 2021 (GLOBE NEWSWIRE) -- China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) ("PLIN" or the "Company"), an emerging growth company engaged in the feed raw material wholesale and retail business, today announced the closing of its previously announced registered direct offering and concurrent private placement with certain investors, raising approximately US$16.5 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses. The offering consists of the sale of 17,175,412 ordinary shares in a registered direct offering and warrants to purchase 17,175,412 ordinary shares in a concurrent private placement pursuant to an exemption from the... More