China Information Security Technology (CIST), a total solutions provider of digital security, geographic information, and hospital information systems in China, announced that the company has completed its previously announced registered direct offering, raising an aggregate amount of approximately $20 million, before deducting placement agents' fees and offering expenses.
Lace front wigsCIST reported that in the offering, an aggregate of 3,252,033 shares of the company's common stock, including 1,600,000 shares of common stock from the company's Chief Lace wigs Executive Officer, Jiang Huai Lin (the "Selling Stockholder), and warrants to purchase up to 813,008 shares of common stock were sold to certain accredited investors.
The warrants will have a 45-day term from the date of issuance and will be exercisable at a price of $6.15 per share. CIST intends to use the net proceeds for general corporate purposes. CIST will not receive any proceeds from the sale of shares by
embroidered patches the Selling Stockholder.
Rodman & Renshaw, a subsidiary of Rodman & Renshaw Capital Group, acted as the company's exclusive placement agent in connection with the offering and FT Global Capital served as advisor to the company.
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