Tianci International Prices $4.9M Offering of 6.055M Units at $0.81
CIIT•Tianci International priced a registered offering of 6,055,000 units at $0.81 each, expecting to raise approximately $4.9 million in gross proceeds. Each unit includes one common share (or pre-funded warrant) and one warrant exercisable at $0.81, expiring three years after issuance with customary anti-dilution protections.
1. Offering Pricing and Structure
Tianci International launched a best-efforts registered offering of 6,055,000 units at an offering price of $0.81 per unit, aiming to generate approximately $4.9 million in gross proceeds. Each unit comprises one common share (or a pre-funded warrant) and one common warrant to purchase an additional share.
2. Warrant Terms and Conditions
Each warrant is immediately exercisable at $0.81, matching the unit price, and includes customary anti-dilution adjustments for events such as share splits, combinations, dividends and equity reorganizations. The warrants will expire three years from issuance, providing holders a multi-year window to convert.
3. Use of Proceeds and Closing Details
The company intends to deploy net proceeds primarily for working capital and general corporate purposes, bolstering operational liquidity. The offering is expected to close on June 17, 2026, subject to customary closing conditions outlined in the transaction agreements.
4. Company Overview
Through its Roshing subsidiary, Tianci International operates an asset-light ocean freight forwarding business across the Asia-Pacific region and has expanded into mineral trading, electronic parts sales and business consulting services to diversify its revenue streams.
