EShallGo Issues 454,968 Class A Shares at $3.25 Each
EShallGo 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 at an offering price of $3.25 per share in a registered direct offering. The gross proceeds to the company from the registered direct offering are estimated to be approximately $1.479M before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about June 25, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.
