Chanson International Holding Announces Pricing of $7.274 Million Public Offering
16 Setembro 2024 - 9:30AM
Chanson International Holding (Nasdaq: CHSN) (the "Company" or
"Chanson"), a provider of bakery, seasonal, and beverage products
through its chain stores in China and the United States, today
announced the pricing of a best-efforts public offering (the
“Offering”) of 8,980,251 Class A ordinary shares (“Class A Ordinary
Shares”) of the Company, and 8,980,251 common warrants (“Common
Warrants”) to purchase 8,980,251 Class A Ordinary Shares, at a
combined offering price of $0.81 per share and accompanying
warrant. The Common Warrants have an exercise price of $0.972 per
share. The Company expects to receive aggregate gross proceeds of
$7.274 million from the Offering, before deducting offering
expenses and commissions, excluding the exercise of any Common
Warrants.
The Offering is expected to close on or about
September 17, 2024, subject to the satisfaction of customary
closing conditions. The Company intends to use the net proceeds
from the Offering for opening new stores in China and in the
U.S.
Joseph Stone Capital, LLC is acting as the
exclusive placement agent for the Offering.
A registration statement on Form F-1, as amended
(File Number: 333-281732) relating to the Offering was filed with
the U.S. Securities and Exchange Commission (the “SEC”), and was
declared effective by the SEC on September 12, 2024. The Offering
is being made only by means of a prospectus that forms a part of
the registration statement. A final prospectus relating to the
Offering will be filed with the SEC and will be available for free
on the SEC's website, located at www.sec.gov. Copies of the
prospectus, when available, may be obtained from: Joseph Stone
Capital, LLC, 29 Broadway, #1800, New York, New York, 10006, or by
email at corporatefinance@josephstonecapital.com, or by calling
888-302-5548.
Before you invest, you should read the
prospectus and other documents the Company has filed or will file
with the SEC for more information about the Company and the
Offering. This press release does not constitute an offer to sell,
or the solicitation of an offer to buy any of the Company's
securities, nor shall there be any offer, solicitation or sale of
any of the Company's securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction.
About Chanson International
Holding
Founded in 2009, Chanson International Holding
is a provider of bakery, seasonal, and beverage products through
its chain stores in China and the United States. Headquartered in
Urumqi, China, Chanson directly operates stores in Xinjiang, China
and New York, United States. Chanson currently manages 46 stores in
China, and three stores in New York City while selling on digital
platforms and third-party online food ordering platforms. Chanson
offers not only packaged bakery products but also made-in-store
pastries and eat-in services, serving freshly prepared bakery
products and extensive beverage products. Chanson aims to make
healthy, nutritious, and ready-to-eat food through advanced
facilities based on in-depth industry research, while creating a
comfortable and distinguishable store environment for customers.
Chanson's dedicated and highly-experienced product development
teams constantly create new products that reflect market trends to
meet customer demand. For more information, please visit the
Company's website: http://ir.chanson-international.net/.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company's proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company's current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs, including the expectation that the Offering will be
successfully completed. Investors can find many (but not all) of
these statements by the use of words such as “approximates,”
“believes,” “hopes,” “expects,” “anticipates,” “estimates,”
“projects,” “intends,” “plans,” “will,” “would,” “should,” “could,”
“may” or other similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and other filings with the
SEC.
For investor and media inquiries, please
contact:
Chanson International HoldingInvestor Relations
DepartmentEmail: IR@chansoninternational.com
Ascent Investors Relations LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
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