High-Trend International Group Raises $15M via 2.3M Share Registered Direct Offering
High-Trend International Group entered agreements with global institutional investors to sell 2,307,700 Class A shares at $6.50 per share, generating approximately $15 million in gross proceeds. The company plans to close the registered direct offering on May 14, 2026, and apply net proceeds toward working capital and general corporate purposes.
1. Offering Pricing and Structure
High-Trend International Group has entered into securities purchase agreements to sell 2,307,700 Class A Ordinary Shares at $6.50 per share, generating approximately $15 million in gross proceeds before placement agent commissions and expenses. The offering, made pursuant to a registration statement on Form F-3 declared effective December 8, 2025, is set to close on or about May 14, 2026.
2. Use of Proceeds and Impact
The company intends to use net proceeds for working capital and general corporate purposes, aiming to strengthen its balance sheet and support ongoing operations. A.G.P./Alliance Global Partners is acting as the sole placement agent for the registered direct offering.