IT Tech Packaging prices 6.9M share public offering at $0.20/shr for $1.4M

IT TECH PACKAGING, INC.

Priced offering of 6,899,500 shares of common stock at $0.20 per share.
Gross proceeds approx. $1.4 million before fees and expenses.
Maxim Group LLC acting as sole placement agent; offering closed May 14.
Net proceeds to be used for working capital and general corporate purposes.
90-day lock-up on share issuance and variable rate transactions applies.

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