Decent Holding (DXST) said Monday it has closed a direct offering of 822,828 Class A shares, or pre-funded warrants in lieu, to an institutional investor at $1.50 a share, raising about $1.23 million.
The firm said it issued warrants to buy up to 822,828 Class A shares with an exercise price of $1.50 per share in a concurrent private placement.
The company said it plans to use the net proceeds for working capital and general corporate purposes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.