Univest Securities, LLC Announces Closing of $12 Million Best Efforts Offering for its Client Bon Natural Life Limited (NASDAQ: BON)

Core Viewpoint - Univest Securities, LLC has successfully closed a Best Efforts Offering for Bon Natural Life Limited, a prominent provider of bio-ingredient solutions in the natural health and personal care sectors, raising approximately $12 million in gross proceeds [1][4]. Group 1: Offering Details - The offering consisted of 8,333,332 shares of Class A ordinary shares and included Series A and Series B Warrants with exercise prices of$1.44 and $2.16 per share, respectively [2]. - Each ordinary unit was priced at$1.44, while pre-funded units were priced at $1.439 [3]. - The Warrants are immediately exercisable upon issuance and will expire three years after their initial exercise date [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards sales network expansion, research and development, production capacity expansion, and general corporate purposes [4]. Group 3: Company Information - Bon Natural Life Limited is based in the Cayman Islands and operates within the natural health and personal care industries [8]. - Univest Securities, LLC, established in 1994, provides a range of financial services including investment banking and advisory, and acts as the sole placement agent for this offering [7].