Eshallgo (EHGO) signed securities purchase agreements with a number of institutional investors for the sale of 750,000 Class A ordinary shares at $1 per share through a registered direct offering, the company said Tuesday.
The offering is expected to close on or about Wednesday, raising $750,000 in gross proceeds, Eshallgo said.
Shares of Eshallgo were down more than 46% around midday Tuesday.
Price: 1.43, Change: -1.24, Percent Change: -46.44
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