Tianci International, Inc. Announces Nasdaq Uplisting and Pricing of $7 Million Public Offering

Tianci International, Inc. Announces Nasdaq Uplisting and Pricing of $7 Million Public Offering

Benzinga
April 9, 2025

HONG KONG and RENO, Nev., April 09, 2025 (GLOBE NEWSWIRE) -- Tianci International, Inc. (the "Company" or "Tianci"), a global logistics service provider specializing in ocean freight forwarding, today announced the pricing of its public offering (the "Offering") of an aggregate of 1,750,000 shares of common stock at a public offering price of US$4.00 per share, for total gross proceeds of $7,000,000, before deducting underwriting discounts, commissions, and other related expenses. The shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 10, 2025, under the ticker symbol "CIIT."

The Company has granted American Trust Investment Services, Inc., the representative of the underwriters, a 45-day option to purchase up to an additional 262,500 shares at the public offering price, less underwriting discounts to cover over-allotments, if any. The total proceeds from the Offering are expected to be approximately US$8,050,000 if the representative of the underwriters exercise its option to purchase additional shares in full.

The Offering is being conducted on a firm commitment basis. The Company intends to use the proceeds from the Offering for logistics promotion and marketing, working capital and general corporate purposes, and recruitment of talented personnel. The offering is expected to close on or about April 11, 2025, subject to the satisfaction of customary closing conditions.

American Trust Investment Services, Inc. is acting as representative of the underwriters for the Offering. Kaufman & Canoles, P.C. is ...

https://www.benzinga.com/pressreleases/25/04/g44725800/tianci-international-inc-announces-nasdaq-uplisting-and-pricing-of-7-million-public-offering

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