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URUMQI, China - Chanson International Holding (NASDAQ:CHSN), a provider of bakery products through chain stores in China and the United States with a market capitalization of $15 million, announced on Friday that it has priced a best-efforts public offering expected to raise approximately $8 million in gross proceeds. The company, which has shown strong returns of over 11% in the past week according to InvestingPro data, aims to strengthen its position in both markets.
The offering consists of 16 million units priced at $0.50 per unit. Each unit includes one Class A ordinary share (or a pre-funded warrant), one Series A warrant, and one Series B warrant to purchase additional Class A ordinary shares. Both warrant series have an exercise price of $0.525 per share and will be exercisable for two and a half years from issuance.
The company plans to use the net proceeds to open new stores in both China and the United States, with specific allocation between markets to be determined based on market conditions.
The offering is expected to close around June 16, 2025, subject to customary closing conditions. Univest Securities, LLC is serving as the sole placement agent for the transaction.
Chanson International currently operates 63 stores in China and three in New York City. The company sells packaged bakery products, made-in-store pastries, and beverages through physical locations and digital platforms.
The securities are being offered pursuant to a registration statement on Form F-1 that was declared effective by the Securities and Exchange Commission on June 12, 2025, according to the company’s press release statement.
In other recent news, Chanson International Holding has been notified by Nasdaq that it no longer meets the minimum bid price requirement for continued listing on the exchange. The company’s Class A ordinary shares have closed below the $1 threshold for the past 30 consecutive business days, prompting a notice from Nasdaq’s Listing Qualifications Department. While this notice does not immediately affect Chanson’s listing or trading on Nasdaq, the company has been granted a 180-day period, until September 8, 2025, to regain compliance with the minimum bid price rule. If Chanson fails to meet this requirement within the allotted time, it may receive an additional 180 days to comply, provided it meets other initial listing standards and submits a plan to address the bid price deficiency. This plan could potentially include a reverse stock split. Chanson is currently exploring options to regain compliance with Nasdaq’s listing rules, although there is no guarantee of success. The company’s recent developments are based on a press release statement from Chanson International Holding.
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