LightInTheBox raises $5.49 million in private placement of 21,397,409 shares at $0.26 each
LITB•Use of proceeds
The company said the proceeds will support financial flexibility and accelerate its AI-driven strategy across commerce operations.
Private placement completed
LightInTheBox completed a private placement on Aug. 10, raising USD 5.49 million in gross proceeds.
The company issued 21,397,409 ordinary shares at USD 0.26 each, equivalent to USD 3.08 per ADS.
CEO participation and ownership
Chairman and CEO Jian He invested about USD 1.09 million via Conner Growth Holding Limited.
Following the transaction, He’s beneficial ownership rose to about 24.1% of outstanding ordinary shares.
