Tianci International, Inc. (NASDAQ:CIIT) ("Company" or "Tianci"), a global logistics service provider specializing in ocean freight forwarding, today announced the pricing of its registered offering of 6,055,000 units (each, a "Unit"), on a best efforts basis, at an offering price of US$0.81 per Unit (the "Offering").
Each Unit consists of one share of common stock of the Company (or pre-funded warrant in lieu thereof), with a par value of US$0.0001 per share, and one common warrant to purchase one share of common stock of the Company (the "Common Warrant"). The aggregate gross proceeds from the Offering are expected to be approximately US$4.9 million, prior to deducting placement agent fees, legal fees, administrative and other offering-related expenses.
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