China Pharma Prices Registered Direct Offering Of 2.5M Shares At $2.00 Per Share
The gross proceeds from the offering will be $5 million, before deducting placement agent fees and other offering expenses.The Company intends to use the net proceeds from this offering for working capital and general
China Pharma is selling 2.5 million new shares at $2 each to raise about $5 million for day-to-day business needs. When a company sells new shares, existing owners' pieces get a little smaller, so watch if the company uses this money wisely to grow.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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