Happiness Development Raises $6.7M Via Equity Offering

  • Happiness Development Group Ltd HAPP has entered into a securities purchase agreement with certain non-U.S. strategic investors for a registered direct placement of about $6.7 million.
  • Under the agreement, the company will sell 19.2 million Class A ordinary shares at a per-share purchase price of $0.35.
  • Also ReadHappiness Development Enters Cannabis Space By Taking 10% Stake In Kannaba Agritech
  • The company intends to use the gross proceeds in developing its auto business under the brand of "Taochejun" as well as for working capital and general corporate purposes.
  • Price Action: HAPP shares are trading lower by 14.9% at $0.31 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksOfferingsGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!