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

Core Viewpoint - CCSC Technology International Holdings Limited has successfully closed a public offering, raising 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 public offering included 11,766,627 Class A ordinary shares and 23,533,254 warrants, with each share sold at a price of $0.60, accompanied by two 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]. 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, medical equipment, 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].