URUMQI, China, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Chanson International Holding (NASDAQ:CHSN) (the "Company" or "Chanson"), a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States, today announced the pricing of a best-efforts public offering (the "Offering") of 8,980,251 Class A ordinary shares ("Class A Ordinary Shares") of the Company, and 8,980,251 common warrants ("Common Warrants") to purchase 8,980,251 Class A Ordinary Shares, at a combined offering price of $0.81 per share and accompanying warrant. The Common Warrants have an exercise price of $0.972 per share. The Company expects to receive aggregate gross proceeds of $7.274 million from the Offering, before deducting offering expenses and commissions, excluding the exercise of any Common Warrants.
The Offering is expected to close on or about September 17, 2024, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for opening new stores in China and in the U.S.
Joseph Stone Capital, LLC is acting as the exclusive placement agent for the Offering.
A registration statement on Form F-1, as amended (File Number: 333-281732) relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC"), and was declared effective by the SEC on September 12, 2024. The Offering is being made only by means of a prospectus that forms a part of the ...
