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Univest Securities, LLC Announces Closing of $8 Million Public Offering for its Client Chanson International Holding (NASDAQ: CHSN)
GlobeNewswire News Room· 2025-06-16 21:00
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].
Chanson International Reports on Diversity Initiatives and Responsible Business Practices
GlobeNewswire News Room· 2025-05-09 12:00
Core Viewpoint - Chanson International Holding is making significant strides in promoting inclusive hiring and supporting regional development in Xinjiang, China, aligning its business operations with broader goals of common prosperity [1][5]. Group 1: Inclusive Development Initiatives - Chanson has implemented various initiatives to support minority talent, including targeted outreach, inclusive hiring practices, and mentorship programs, facilitating the transition of minorities from traditional agricultural roles to skilled positions in modern industry [2]. - The company has established a support program for former employees wishing to return to their hometowns to start businesses, successfully aiding 23 former employees in launching their own ventures [2]. Group 2: Employee Well-Being - Chanson's commitment to employee well-being includes comprehensive support systems that respect cultural identities and daily needs, such as free dormitories or housing subsidies, culturally appropriate meals, paid annual leave with travel reimbursement, and inclusive celebrations [3]. Group 3: Community Engagement - The company partners with local agricultural producers and handicraft cooperatives to enhance livelihoods within the local supply chain, contributing to economic resilience and shared prosperity in surrounding rural areas [4]. Group 4: Strategic Vision - The Chairman of the Board emphasized that empowering diversity and inclusion is a core aspect of Chanson's long-term strategic plan, aiming to create equal opportunities and foster a more inclusive and resilient future [5]. Group 5: Company Overview - Founded in 2009, Chanson International Holding operates bakery, seasonal, and beverage product stores in China and the United States, managing 63 stores in China and 3 in New York City, while also selling through digital platforms [6].