IT Tech Packaging prices public offering of 6.9M shares; shares slump
IT Tech Packaging Offering: IT Tech Packaging announced a public offering of 6.9 million shares at $0.20 each, expecting gross proceeds of approximately $1.4 million, with the offering closing on May 14, 2025.
Market Reaction: Following the announcement, ITP shares fell by 43.5% in premarket trading on Tuesday.
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Earnings Warning Season is Here: Strategies to Benefit from Others' Struggles.
- Investor Sentiment: January is typically a time of optimism for investors, reflecting a hopeful outlook for the year ahead.
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IT Tech Packaging, Inc. Reports Outcomes of 2025 Annual Stockholders' Meeting
Annual Meeting Results: IT Tech Packaging, Inc. held its 2025 Annual General Meeting, where stockholders elected two Class I directors, ratified GGF CPA LTD. as the independent accounting firm for 2025, and approved the 2025 Omnibus Equity Incentive Plan.
Company Overview: Founded in 1996, IT Tech Packaging is a leading manufacturer and distributor of paper products and single-use face masks in North China, utilizing recycled paper as its primary raw material.
