Shineco (SISI) said late Monday it closed a public offering of about 1.9 million shares at $1.07 each, raising about $2 million.
Underwriters have a 45-day option to acquire up to 280,374 additional shares to cover possible over-allotments, the firm said.
Shineco shares were up about 25% in after-hours activity.
Price: 1.2300, Change: +0.25, Percent Change: +25.51
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