Origin Agritech Receives Full US$2.8 Million from Previously Announced Private Placement at US$1.40 Per Share
Origin Agritech received the full US$2.8 million gross proceeds from its private placement of 2,000,000 ordinary shares at US$1.40 per share, issuing all shares to two individuals and one investment company. The placement carried no warrants and no placement agent fees, so substantially all proceeds go to the business; shares outstanding rose from 12,144,586 to 14,144,586.
Key figures
- Deal Value Usd
- 2800000
- Offering Price
- 1.4
- Shares Offered
- 2000000
- Dilution pct
- 16.5%
- Shares outstanding after
- 14144586
- Shares outstanding before
- 12144586
AI analysis
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