- China's intelligent security solutions provider Datasea Inc DTSS has priced 2.4 million shares at $3.48 per share to raise $8.48 million in a secondary institutional equity offering.
- The investors will also receive 0.45 unregistered warrants to purchase one share.
- The two-and-a-half-year warrants have an exercise price of $4.48 per share.
- The offering proceeds will serve general corporate and working capital purposes and debt repayment.
- Price action: DTSS shares traded lower by 28.3% at $3.16 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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