EShallGo Commences ~$1.479M Offering Of 454,968 Class A Ordinary Shares At $3.25/Share
Benzinga Newsdesk 4 months ago
OfferingsNews
EShallGo Inc. (NASDAQ:EHGO) (the "Company"), a provider of integrated office and enterprise technology solutions, including AI-enabled tools, today announced that it has entered into securities purchase
EShallGo Inc. (NASDAQ:EHGO) (the "Company"), a provider of integrated office and enterprise technology solutions, including AI-enabled tools, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 454,968 Class A Ordinary Shares (the "Shares") (or pre-funded warrants in lieu thereof), at an offering price of $3.25 per share in a registered direct offering (the "Offering").
The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.479 million before deducting the placement agent’s fees and other estimated offering expenses.