Origin Agritech receives full $2.8 million from private placement of 2 million shares at $1.40 each
SEED•Origin Agritech received $2.8 million from a private placement of 2 million ordinary shares at $1.40 each. Proceeds are earmarked for working capital, expanded research and development, and debt repayment tied to fiscal 2027 commercialization plans.
1. Placement proceeds
Origin Agritech received the full $2.8 million from the private placement. The company issued 2 million ordinary shares at $1.40 each, with no warrants and no placement agent fees.
2. Share count and uses
The proceeds are earmarked for working capital, expanded research and development, and debt repayment tied to fiscal 2027 commercialization plans. Ordinary shares outstanding increased to 14,144,586 from 12,144,586.
