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 (PLIN) Prices 17.16M Share Direct Offering at $0.96/sh

November 22, 2021 9:41 AM EST

China Xiangtai Food Co., Ltd. (NASDAQ: PLIN), an emerging growth company engaged in the feed raw material wholesale and retail business, today announced that it has entered into a securities purchase agreement with certain investors to sell US$16.5 million of its ordinary shares in a registered direct offering and ordinary share purchase warrants in a concurrent private placement.

Under the terms of the securities purchase agreement, the Company has agreed to sell 17,175,412 ordinary shares in a registered direct offering and warrants to purchase 17,175,412 ordinary shares in a concurrent private placement... More