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Stock impact report

Jerash Holdings (US), Inc. Announces Pricing of $7.0 Million Public Offering of Common Stock

Jerash Holdings (US), Inc. (JRSH) 
Last jerash holdings (us), inc. earnings: 2/13 07:00 am Check Earnings Report
Company Research Source: Accesswire
FAIRFIELD, NJ, / ACCESSWIRE / September 29, 2021 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which is a premium manufacturer and exporter of custom, ready-made, sportswear and outerwear for leading global brands, today announced the pricing of an underwritten public offering of 1,000,000 shares of its common stock at a public offering price of $7.00 per share. In addition, Merlotte Enterprise Limited, a stockholder of Jerash, is selling 400,000 shares of Jerash's common stock in the offering at the same price. The selling stockholder has also granted the underwriters a 30-day option to purchase up to an additional 210,000 shares of common stock, on the same terms and conditions, to cover over-allotments, if any. The offering is expected to close on October 4, 2021, subject to customary closing conditions.D.A. Davidson & Co. and Lake Street Capital Markets, LLC are acting as joint book-running managers for this offering. The Company intends to use the net pr Show less Read more
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