Core Viewpoint - ATIF Holdings Limited has entered into definitive agreements for a registered direct offering and a concurrent private placement, aiming to raise approximately $2.5 million through the sale of ordinary shares and pre-funded warrants [1][3]. Group 1: Offering Details - The transactions involve the sale of 1,580,000 ordinary shares at an offering price of $1.00 each and 887,553 pre-funded warrants, which will be sold together with warrants to purchase one ordinary share at an exercise price of $1.20 [2]. - The pre-funded warrants are immediately exercisable and can be exercised at any time until fully exercised [2]. Group 2: Financial Proceeds and Use - The aggregate gross proceeds from both transactions are expected to be approximately $2.5 million, with the closing anticipated on or about February 5, 2025, subject to customary closing conditions [3]. - The company plans to use the net proceeds from the offerings, along with existing cash, for general corporate purposes and working capital [3]. Group 3: Regulatory and Legal Aspects - The registered direct offering is made under an effective shelf registration statement previously filed with the SEC [5]. - The private placement securities are not registered under the Securities Act and are offered only to accredited investors [6].
ATIF Holdings Limited Announces Approximately $2.5 Million Registered Direct and Private Placement