September 07, 2021
Meten Holding Group Ltd. (the “Company”), one of the leading omnichannel English language training service providers in China, today announced the closing of its offering of 22,500,000 ordinary shares, par value $0.0001 per share, at a public offering price of US$0.30 per ordinary share and 177,500,000 pre-funded warrants at a public offering price of US$0.2999 per warrant, each exercisable to purchase one ordinary share at a price of $0.0001 per share (the “Offering”).
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August 23, 2021
Mechanical Technology, Incorporated (the “Company”) (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. and EcoChain, Inc, a cryptocurrency mining business powered by renewable energy, announced today the closing of its upsized underwritten public offering of 720,000 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, with a $25.00 liquidation preference per share (the “Series A Preferred Stock”) at a price to the public of $25.00 per share for aggregate gross proceeds of $18,000,000.
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July 20, 2021
On July 20, 2021, Bit Brother Limited (NASDAQ: BTB) ("Bit Brother" or the "Company"), successfully closed its registered direct offering of 15 million ordinary shares and warrants to purchase 15 million ordinary shares at a purchase price of $1.50 per share and corresponding warrant for gross proceeds of $22.5 million, before deducting placement agent’s fees and other related offering expenses.
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July 13, 2021
Sentage Holdings Inc. (the “Company”), a China-based financial service provider, successfully closed its initial public offering (“Offering”) of 4,000,000 ordinary shares at a public offering price of US$5.00 per share on July 13, 2021. The Company received aggregate gross proceeds of US$20 million from this Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 ordinary shares at the public offering price.
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July 08, 2021
Meten EdtechX Education Group Ltd. (the “Company”), one of the leading omnichannel English language training service providers in China, today announced the closing of its offering of 2,000,000 ordinary shares, par value $0.0001 per share, at a public offering price of US$1.00 per ordinary share pursuant to the exercise of its over-allotment option by Aegis Capital Corp., the underwriter of the Company’s $40 million offering closed on May 26, 2021 (the “Over-allotment Exercise”). The Company received aggregate gross proceeds of US$2 million from this Over-allotment Exercise, before deducting underwriting discounts and other related expenses.
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July 07, 2021
Greenland Technologies Holding Corporation (the “Company”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, closed its underwritten public offering (“Offering”) of 857,844 ordinary shares, no par value per share, at a public offering price of US$8.16 per ordinary share on June 30, 2021. The Company received aggregate gross proceeds of US$7 million from this Offering, before deducting underwriting discounts and other related expenses.
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July 02, 2021
Pop Culture Group Co., Ltd (the “Company”), a hip-pop culture company in China, today announced the closing of its initial public offering (the “IPO”) of 6,200,000 Class A ordinary shares at a public offering price of US$6.00 per share. The Company received aggregate gross proceeds of US$37.2 million from this IPO, before deducting underwriting discounts and other related expenses.
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June 11, 2021
CN Energy Group. Inc. (the “Company”), a China-based manufacturer and supplier of wood-based activated carbon and a producer of biomass electricity, today announced the closing of its private placement (the “Private Placement”) of 4,000,000 ordinary shares, no par value, at a price of $4.50 per ordinary share. The Company received aggregate gross proceeds of $18 million from the Private Placement, before deducting placement agent’s fees and other related offering expenses.
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June 07, 2021
TIAN RUIXIANG Holdings Ltd (the “Company”), a China-based insurance broker, successfully completed the initial closing of its best-effort follow-on public offering for the sale of up to 4,800,000 units offered by the Company at a purchase price of US$7.50 per unit pursuant to effective registration statements. The initial closing of 2,000,000 units for aggregate gross proceeds of US$15 million, was made pursuant to the terms of a securities purchase agreement between the Company and several institutional investors.
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