other material
confidence high
sentiment neutral
materiality 0.65
China Pharma prices $5M registered direct offering of 2.5M shares at $2/share
CHINA PHARMA HOLDINGS, INC.
- Gross proceeds of $5M from sale of 2.5M shares at $2.00 per share.
- FT Global Capital acting as exclusive placement agent; 7% cash fee.
- Net proceeds to be used for working capital and general corporate purposes.
- Investor gets 40% participation right in subsequent financings for 3 months; 91-day lock-up on variable rate transactions.