Core Viewpoint - Univest Securities, LLC announced the closing of a public offering of approximately $8 million for Chanson International Holding, a provider of bakery, seasonal, and beverage products in China and the United States [1][3]. Group 1: Offering Details - The offering consisted of 16,000,000 units priced at $0.50 per unit, each unit comprising one Class A ordinary share or a pre-funded warrant, along with Series A and Series B warrants [2]. - Each Series A and Series B warrant has an exercise price of $0.525 per Class A ordinary share and is exercisable starting from the issuance date until two and a half years after [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to open new stores in China and the U.S., with allocation based on market conditions [3]. Group 3: Company Overview - Chanson International Holding, founded in 2009, operates 63 stores in China and 3 in New York City, offering packaged bakery products, made-in-store pastries, and beverages [7]. - The company focuses on creating healthy, nutritious, and ready-to-eat food through advanced facilities and aims to provide a comfortable store environment for customers [7].
Univest Securities, LLC Announces Closing of $8 Million Public Offering for its Client Chanson International Holding (NASDAQ: CHSN)