Tianci International Secures US$4.9M from 6.055M-Unit Public Offering
CIIT•Tianci International closed a best-efforts offering of 6,055,000 units at US$0.81 per unit, generating approximately US$4.9 million in gross proceeds before fees. Net proceeds will fund working capital, general corporate needs, product iteration and development, and expansion of production capacity.
1. Offering Details
On June 17, 2026, Tianci closed its registered public offering of 6,055,000 units at US$0.81 each on a best-efforts basis, resulting in gross proceeds of approximately US$4.9 million before fees. Each unit consists of one common share (or pre-funded warrant) and one common warrant.
2. Proceeds Utilization
The company intends to use net proceeds for working capital requirements, general corporate purposes, further product iteration and development, and expansion of production capacity across its ocean freight forwarding operations. This capital infusion supports its asset-light logistics model in the Asia-Pacific region.
3. Warrant Terms
Each common warrant is immediately exercisable at US$0.81, matching the offering price, and will expire three years after issuance. Warrant exercise prices are subject to customary anti-dilution adjustments related to share splits, combinations, dividends and other corporate restructurings.
