, /PRNewswire/ -- Datasea Inc., (NASDAQ: ) ("Datasea" or the "Company"), a corporation engaged in innovative businesses in high-tech intelligent acoustics and 5G-Artificial Intelligence ("AI") multimodal communication technology in and , today announced the closing of its previously announced registered direct offering with a certain institutional investor, pursuant to which the Company sold 692,308 shares of its common stock (or common stock equivalents in lieu thereof) at an offering price of per share of common stock (or common stock equivalents in lieu thereof) in a registered direct offering. Datasea intends to use the net proceeds from the offering for research and development, market development and for general corporate purposes.
EF Hutton LLC acted as the exclusive placement agent for the offering. The securities described above were offered by the Company pursuant to a shelf registration statement on Form S-3 (File No. 333-272889), which was declared effective by the Securities and Exchange Commission ("SEC") on , and the accompanying prospectus contained therein.
A final prospectus supplement containing additional information relating to the offering was filed with the SEC. Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained on the SEC's website at or by contacting EF Hutton LLC Attention: Syndicate Department, 590 Madison Avenue, 39th Floor, 10022, by email at , or by telephone at (212) 404-7002. This press.