Tianci International, Inc. Announces Closing of $7 Million Public Offering

Tianci International, Inc. Announces Closing of $7 Million Public Offering

Benzinga
April 11, 2025

HONG KONG and RENO, Nev., April 11, 2025 (GLOBE NEWSWIRE) -- Tianci International, Inc. (the "Company" or "Tianci"), a global logistics service provider specializing in ocean freight forwarding, today announced the closing 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 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 exercises its option to purchase additional shares in full. Shares of the Company's stock began trading on the Nasdaq Capital Market under the symbol "CIIT" on April 10, 2025.

The Offering was 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.

American Trust Investment Services, Inc. acted as representative of the underwriters for the Offering. Kaufman & Canoles, P.C. acted as U.S. securities counsel to the Company. Han Kun Law Offices LLP and Parsons Behle & Latimer acted as ...

https://www.benzinga.com/pressreleases/25/04/g44774175/tianci-international-inc-announces-closing-of-7-million-public-offering

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