Big Tree Cloud Holdings Limited Announces Pricing of $5.0 Million Registered Direct Offering
Rhea-AI Summary
Big Tree Cloud Holdings (NASDAQ: DSY) has announced a registered direct offering of 8,064,516 ordinary shares priced at $0.62 per share, aiming to raise approximately $5.0 million in gross proceeds. The company, which focuses on strategic investment and industry integration in the personal care sector, plans to use the net proceeds for general corporate purposes and working capital.
The offering is expected to close around September 30, 2025, with Aegis Capital Corp. serving as the exclusive placement agent. The offering is being conducted through an effective shelf registration statement previously filed with the SEC.
Positive
- Expected to raise $5.0 million to strengthen working capital
- Offering is being made through an effective shelf registration, indicating regulatory compliance
Negative
- Share dilution for existing stockholders at $0.62 per share
- Offering price represents a potential discount to market value
News Market Reaction 5 Alerts
On the day this news was published, DSY declined 16.41%, reflecting a significant negative market reaction. Argus tracked a trough of -24.6% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $14M from the company's valuation, bringing the market cap to $73M at that time.
Data tracked by StockTitan Argus on the day of publication.
Aggregate gross proceeds to the Company are expected to be approximately
The offering is expected to close on or about September 30, 2025, subject to the satisfaction of customary closing conditions.
Aegis Capital Corp. is acting as exclusive placement agent for the offering.
Sichenzia Ross Ference Carmel LLP is acting as
The registered direct offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-289941) previously filed with the
Interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.
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
View original content:https://www.prnewswire.com/news-releases/big-tree-cloud-holdings-limited-announces-pricing-of-5-0-million-registered-direct-offering-302569093.html
SOURCE Big Tree Cloud Holdings Limited