InvestmentJun 12, 2026, 02:56 PM
Park Ha Biological Technology to Raise $2.0M in Direct Offering
AI Summary
Park Ha Biological Technology Co., Ltd. announced a registered direct offering to sell up to 1,133,332 Class A ordinary shares and pre-funded warrants to purchase up to 200,000 Class A ordinary shares. The combined purchase price is $1.50 per share and pre-funded warrant, expecting to generate approximately $2.0 million in gross proceeds. The company intends to use the net proceeds for general corporate and working capital purposes, with the offering expected to close around June 15, 2026.
Key Highlights
- Offering includes up to 1,133,332 Class A ordinary shares.
- Pre-funded warrants to purchase up to 200,000 Class A ordinary shares.
- Combined purchase price of $1.50 per Share and Pre-Funded Warrant.
- Expected gross proceeds to the Company are approximately $2.0 million.
- Net proceeds will be used for general corporate and working capital purposes.
- Offering is expected to close on or about June 15, 2026.
- D. Boral Capital LLC is acting as the sole placement agent.
Price Impact
More from BYAH