Core Points - Youxin Technology Ltd has successfully closed a public offering, raising approximately $6.0 million in gross proceeds before expenses [1] - The offering included 21,428,571 Common Units, each comprising one Ordinary Share and two types of warrants [2] - Aegis Capital Corp acted as the sole book-running manager for the offering, with a 45-day option for over-allotments [3][4] Offering Details - The public offering price per Common Unit was set at $0.28, with Series A and Series B warrants having exercise prices of $0.28 and $0.00001 respectively [2] - The Series A Common Warrants are exercisable immediately and expire 60 months after issuance, while the Series B warrants also have an adjustable number of securities [2] - Aegis partially exercised its over-allotment option, purchasing an additional 6,428,572 warrants [3] Company Overview - Youxin Technology Ltd specializes in SaaS and PaaS solutions aimed at aiding retail enterprises in digital transformation [6] - The company offers a comprehensive suite of omnichannel digital solutions that integrate various aspects of commerce, including inventory management and e-commerce capabilities [6] - Its products enable mid-tier brand retailers to connect management, distributors, salespersons, and customers across multiple platforms [6]
Youxin Technology Ltd Announces Closing of $6.0 Million Underwritten Public Offering