ZJK Industrial enters US$9.8 million at-the-market share sales agreement with Chaince Securities
ZJK•Fees and expense reimbursement
Chaince will earn a 3% commission on gross proceeds; execution and clearing fee set at USD 0.02 per share.
Expense reimbursement is capped at USD 100,000 for launch costs and up to USD 10,000 for each required certification date.
At-the-market equity distribution agreement
ZJK Industrial entered an at-the-market equity distribution agreement with Chaince Securities to sell up to USD 9.8 million of Class A ordinary shares.
Sales may occur from time to time through the agent under a shelf registration statement; the company is not required to sell shares.
