China Jo-Jo Drugstores ( NASDAQ: CJJD ) has entered into definitive agreements with a number of investors providing for the issuance of 1,980,000 ordinary shares at $1.70 per share, in a registered direct offering for an expected gross proceeds of approximately $3.37 million.
The closing of the sale of the securities is expected to occur on or about June 26, 2024. The company intends to use the net proceeds from the offering for general corporate purposes and working capital. CJJD is -14.
5% to $2.30 in premarket on Tuesday. More on China Jo - Jo Drugstores Financial information for China Jo - Jo Drugstores.
