InvestmentJun 15, 2026, 04:31 PM
Park Ha Biological Technology Closes $2.0M Registered Direct Offering
AI Summary
Park Ha Biological Technology Co., Ltd. announced the closing of its previously announced registered direct offering, generating approximately $2.0 million in gross proceeds. The offering involved the sale of 1,133,332 Class A ordinary shares and pre-funded warrants to purchase up to 200,000 Class A ordinary shares, at a combined purchase price of $1.50 per share and warrant. The company plans to utilize the net proceeds for general corporate and working capital purposes.
Key Highlights
- Closed a registered direct offering.
- Gross proceeds estimated at approximately $2.0 million.
- Sold 1,133,332 Class A ordinary shares.
- Sold pre-funded warrants to purchase up to 200,000 Class A ordinary shares.
- Combined purchase price of $1.50 per Class A Ordinary Share and Pre-Funded Warrant.
- Net proceeds will be used for general corporate and working capital purposes.
- D. Boral Capital LLC acted as the sole placement agent.
Price Impact
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