Shineco, Inc (SISI) Prices 1.87M Share Offering at $1.07/sh

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Shineco Announces Pricing of $2 Million Underwritten Public Offering

July 12, 2024 8:00 AM EDT

Beijing, July 12, 2024 (GLOBE NEWSWIRE) -- Shineco, Inc. (Shineco or the Company) (NASDAQ: SISI), a provider of innovative diagnostic medical products and related medical devices, today announced the pricing of its underwritten public offering of 1,869,160 shares of its common stock at a public offering price of $1.07 per share of common stock, for aggregate gross proceeds of approximately $2 million, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 280,374 shares of common stock at the public offering price per... More