Corporate ActionAug 10, 2026, 04:21 PM
LightInTheBox Completes $5.49M PIPE Financing
AI Summary
LightInTheBox Holding Co., Ltd. announced the completion of a private placement (PIPE) on August 10, 2026. The company issued 21,397,409 ordinary shares at a price of $0.2566667 per share, raising approximately $5.49 million in gross proceeds. The New York Stock Exchange has authorized the listing of the additional American Depositary Shares representing the PIPE Shares.
Key Highlights
- LightInTheBox completed a private placement (PIPE) on August 10, 2026.
- The company issued 21,397,409 ordinary shares to investors.
- Shares were sold at $0.2566667 per ordinary share.
- This is equivalent to $3.08 per American Depositary Share (ADS).
- The PIPE generated aggregate gross proceeds of approximately $5.49 million.
- The New York Stock Exchange authorized the listing of additional ADSs for the PIPE Shares.
- The company will file a registration statement for resale of PIPE Shares within 120 days.
Price Impact
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