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Shineco completes $13.5 million private placement of common stock

Published 09/07/2025, 21:14
Shineco completes $13.5 million private placement of common stock
SISI
-3.17%

Shineco, Inc. (NASDAQ:SISI) closed a private placement of common stock on July 2, 2025, issuing 18,000,000 shares to certain non-U.S. investors at an offering price of $0.75 per share. The transaction resulted in gross proceeds of $13.5 million before customary expenses.

The sale was conducted pursuant to a securities purchase agreement previously disclosed by the company in a filing on June 2, 2025. The shares were sold in an unregistered offering, as detailed in a statement released by Shineco through its recent SEC filing.

Shineco is incorporated in Delaware and operates in the agriculture production sector. Its common stock is listed on the Nasdaq Stock Market under the ticker symbol SISI.

This information is based on a press release statement contained in Shineco’s Form 8-K filed with the Securities and Exchange Commission.

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