CCSC Technology International Holdings Limited Announces Pricing of $7.06 Million Public Offering

Core Viewpoint - CCSC Technology International Holdings Limited has announced a public offering of Class A ordinary shares and warrants, aiming to raise approximately $7.06 million to enhance its market position and pursue strategic initiatives in Europe and Southeast Asia [1][2]. Group 1: Offering Details - The offering includes 11,766,627 Class A ordinary shares and 23,533,254 warrants, with a combined public offering price of $0.60 per share and accompanying warrants [1]. - Each warrant has an exercise price of $0.72 per share, which is 120% of the public offering price, and will expire five years from the issuance date [1]. - The offering is expected to close on or about October 2, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for strengthening branding and marketing efforts, strategic acquisitions, collaborations, and general corporate purposes [2]. Group 3: Company Overview - CCSC Technology International Holdings Limited specializes in the sale, design, and manufacturing of interconnect products, including connectors, cables, and wire harnesses, serving various industries such as industrial, automotive, robotics, and telecommunications [6]. - The company operates under both OEM and ODM models, catering to a diverse global customer base across more than 25 countries [6].