Big Tree Cloud Holdings Limited Announces Closing of $5.0 Million Registered Direct Offering
Big Tree Cloud Holdings (NASDAQ: DSY) has successfully closed its previously announced registered direct offering, raising $5.0 million in gross proceeds.
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Rhea-AI Summary
Big Tree Cloud Holdings (NASDAQ: DSY) has successfully closed its previously announced registered direct offering, raising $5.0 million in gross proceeds. The company sold 8,064,516 ordinary shares at $0.62 per share to an institutional investor.
The offering was conducted under an effective shelf registration statement, with Aegis Capital Corp. serving as the exclusive placement agent. The company plans to utilize the net proceeds for general corporate purposes and working capital.
Positive
- None.
Negative
- Share dilution due to issuance of 8,064,516 new ordinary shares
- Offering price of $0.62 per share indicates relatively low valuation
Details
News Market Reaction – DSY
On Sep 30, the day this news came out, DSY closed 2.80% below the previous close.
Data tracked by StockTitan Argus for the Sep 30 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Aggregate gross proceeds to the Company were approximately
Aegis Capital Corp. acted as exclusive placement agent for the offering.
Sichenzia Ross Ference Carmel LLP acted as
The registered direct offering was made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-289941), including the base prospectus contained therein, previously filed with the
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Big Tree Cloud
Founded in 2020, Big Tree Cloud is positioned as an international capital platform focused on industrial integration and strategic investment in
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Big Tree Cloud's future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Big Tree Cloud's expectations, strategy, priorities, plans or intentions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, including the risks discussed in our reports filed or furnished to the Securities and Exchange Commission. Big Tree Cloud cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Big Tree Cloud does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Investor Relations Contact
Ting Yan
Phone: +86 15986815865
Email: yanting@bigtreeclouds.com
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SOURCE Big Tree Cloud Holdings Limited
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