Core Points - China Jo-Jo Drugstores, Inc. has entered into agreements for the issuance of 0.9 million ordinary shares at a price of $1.70 per share, aiming for gross proceeds of approximately $1.53 million [1] - The closing of the sale is expected around April 30, 2024, pending customary closing conditions [1] - The net proceeds will be utilized for general corporate purposes and working capital [1] Company Overview - China Jo-Jo Drugstores is a leading online and offline retailer and wholesale distributor of pharmaceutical and healthcare products in China [3] - The company operates an online pharmacy and retail drugstores with licensed doctors available for consultations and treatments [3] - It also serves as a wholesale distributor for products similar to those sold in its pharmacies [3]
China Jo-Jo Drugstores Announces $1.53 Million Registered Direct Offering