IT Tech Packaging Announces Pricing of Approximately $2.6 million Registered Direct Offering
IT Tech Packaging, Inc. (ITP)
Company Research
Source: PR Newswire
BAODING, China, April 30, 2020 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE MKT: ITP) ("IT Tech Packaging" or "the Company"), a leading manufacturer and distributor of diversified paper products in North China, announced today it has entered into a securities purchase agreement with certain institutional investors to purchase approximately $2.6 million worth of its common stock in a registered direct offering and warrants to purchase shares of common stock in a concurrent private placement. Under the terms of the securities purchase agreement, the Company has agreed to sell 4.4 million shares of the Company's common stock and issue unregistered warrants to purchase up to an additional 4.4 million shares of the Company's common stock in a concurrent private placement transaction. The warrants will be exercisable commencing six months after the date of issuance at an exercise price of $0.7425 and expire 5.5 years from the date of issuance. The purchase price for one share of common sto
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ITP
Sec Filings
- 3/28/24 - Form 8-K
- 3/27/24 - Form 10-K
- 3/4/24 - Form 8-K
- ITP's page on the SEC website