Origin Agritech receives full US$ 2.8 million from private placement of 2,000,000 shares at US$ 1.40 each
Bitget2026/10/13 11:03- Origin Agritech received the full USD 2.8 million from a private placement of 2,000,000 ordinary shares priced at USD 1.40.
- No warrants issued. No placement agent fees, leaving most proceeds available for operations.
- Cash earmarked for working capital, expanded R&D, debt repayment tied to fiscal 2027 commercialization plans.
- Ordinary shares outstanding rose to 14,144,586 from 12,144,586 following the issuance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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