HTFL’s Client Univest Securities, LLC Successfully Closed China Xiangtai Food Co., Ltd.’s Registered Direct Offering and Concurrent Private Placement
November 30, 2021
China Xiangtai Food Co., Ltd. (NASDAQ: PLIN), an emerging growth company engaged in the feed raw material wholesale and retail business, on November 24, 2021 announced the closing of its previously announced registered direct offering and concurrent private placement with certain investors, raising approximately US$16.5 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses.
The offering consists of the sale of 17,175,412 ordinary shares in a registered direct offering and warrants to purchase 17,175,412 ordinary shares in a concurrent private placement pursuant to an exemption from the registration requirements of the Securities Act of 1933 provided in Regulation S promulgated thereunder.
Univest Securities, LLC acted as the placement agent for this offering. Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the placement agent. HTFL is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.