Origin Agritech Announces Investment Agreements, Including Investment from Origin CEO Weibin Yan
Origin Agritech (NASDAQ: SEED), a leading Chinese agricultural technology company, has secured significant investments totaling $3.88 million. CEO Weibin Yan personally invested $2.4 million to acquire 2 million ordinary shares at $1.20 per share.
The company also modified an existing agreement with institutional investors, consolidating remaining tranches into a single closing worth $1.48 million at the same share price. These investments will fund Origin's expansion in China's agricultural biotechnology sector, supporting R&D, market penetration, and distribution network enhancement.
Origin Agritech (NASDAQ: SEED), una delle principali aziende cinesi di tecnologia agricola, ha assicurato investimenti significativi per un totale di $3.88 million. Il CEO Weibin Yan ha personalmente investito $2.4 million per acquisire 2 million azioni ordinarie a $1.20 per azione.
L’azienda ha inoltre modificato un accordo esistente con investitori istituzionali, consolidando le restanti tranche in un’unica chiusura pari a $1.48 million al medesimo prezzo azionario. Questi investimenti sosterranno l’espansione di Origin nel settore della biotecnologia agricola in Cina, supportando R&D, penetrazione nel mercato e potenziamento della rete di distribuzione.
Origin Agritech (NASDAQ: SEED), una de las principales empresas chinas de tecnología agrícola, ha asegurado inversiones significativas por un total de $3.88 million. El CEO Weibin Yan invirtió personalmente $2.4 million para adquirir 2 millones de acciones ordinarias a $1.20 por acción.
La empresa también modificó un acuerdo existente con inversores institucionales, consolidando las tranches restantes en un único cierre de $1.48 million al mismo precio por acción. Estas inversiones financiarán la expansión de Origin en el sector de biotecnología agrícola en China, apoyando I+D, penetración en el mercado y fortalecimiento de la red de distribución.
Origin Agritech (NASDAQ: SEED), 중국의 선도적인 농업 기술 기업으로, 총 $3.88 million의 중요한 투자를 확보했습니다. CEO 얀 웨빈(Weibin Yan)이 개인적으로 $2.4 million를 투자하여 2,000,000주의 보통주를 주당 $1.20에 매입했습니다.
또한 회사는 기관 투자자들과의 기존 계약을 수정해 남은 트랜치를 같은 주가의 단일 마감으로 $1.48 million에 통합했습니다. 이 투자들은 중국의 농생명공학 부문 확장을 지원하고 R&D, 시장 침투, 유통망 강화에 자금을 제공할 것입니다.
Origin Agritech (NASDAQ: SEED), une des principales entreprises chinoises de technology agricole, a sécurisé des investissements significatifs totalisant $3.88 million. Le PDG Weibin Yan a personnellement investi $2.4 million pour acquérir 2 millions d’actions ordinaires à $1.20 par action.
L’entreprise a également modifié un accord existant avec des investisseurs institutionnels, consolidant les tranches restantes en une clôture unique d’un montant de $1.48 million au même prix par action. Ces investissements financeront l’expansion d’Origin dans le secteur de la biotechnologie agricole en Chine, soutenant la R&D, l’entrée sur le marché et le renforcement du réseau de distribution.
Origin Agritech (NASDAQ: SEED), ein führendes chinesisches Unternehmen im Bereich Agrartechnologie, hat Investitionen in Höhe von insgesamt $3.88 million gesichert. CEO Weibin Yan hat persönlich $2.4 million investiert, um 2 Millionen Stammaktien zu je $1.20 pro Aktie zu erwerben.
Das Unternehmen hat zudem eine bestehende Vereinbarung mit institutionellen Investoren geändert und die verbleibenden Tranchen in einer einzigen Schlusszahlung von $1.48 million zum gleichen Aktienkurs konsolidiert. Diese Investitionen sollen Origin bei der Expansion im chinesischen Biotechnologiesektor unterstützen, einschließlich F&E, Marktdurchdringung und Stärkung des Vertriebsnetzes.
Origin Agritech (NASDAQ: SEED)، شركة صينية رائدة في تكنولوجيا الزراعة، حققت استثمارات كبيرة بإجمالي $3.88 million. استثمر الرئيس التنفيذي ويبين يان شخصياً $2.4 million لشراء 2 مليون سهم عادي بسعر $1.20 للسهم.
كما عدّلت الشركة اتفاقاً قائماً مع مستثمرين مؤسسيين، بجمع بقية الدفعات في إغلاق واحد بقيمة $1.48 million بنفس سعر السهم. ستُستخدم هذه الاستثمارات لتمويل توسع Origin في قطاع التكنولوجيا الحيوية الزراعية في الصين، دعم البحث والتطوير، اختراق السوق وتعزيز شبكة التوزيع.
Origin Agritech (NASDAQ: SEED),一家中国领先的农业科技公司,已获得总额为$3.88 million的重大投资。首席执行官严卫兵(Weibin Yan)个人投资$2.4 million,以每股$1.20的价格购入200万股普通股。
公司还修改了与机构投资者之间的现有协议,将剩余分期整合为一次收盘,金额为$1.48 million,仍按相同股价执行。这些投资将资助Origin在中国农业生物技术领域的扩张,支持研发、市场渗透和分销网络的提升。
- CEO demonstrates strong confidence with personal $2.4M investment
- Total new capital infusion of $3.88M to support growth initiatives
- Strategic consolidation of institutional investment tranches shows investor alignment
- Funds allocated to enhance R&D capabilities and expand market presence
- Share price of $1.20 indicates potential dilution for existing shareholders
- Modification of previous investment agreement terms suggests possible adjustment to original plans
Origin announced that its CEO, Weibin Yan, has entered into a securities purchase agreement to invest
Additionally, Origin has entered into a modification agreement with institutional investors to adjust the terms of an existing securities purchase agreement originally executed in August 2024. The modification consolidates the remaining second and third tranches into a single closing at a revised price of
The additional capital infusions of
"These strategic investments demonstrate the concrete confidence between Origin and our investors to adapt to evolving market conditions while maintaining our focus on long-term value creation," said Weibin Yan, Chief Executive Officer of Origin Agritech. "My personal investment alongside the investments from our institutional investor partners provides us with important capital while reflecting a collaborative approach that benefits all stakeholders as we continue to execute on our growth strategy."
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered at the Origin R&D Center in Songzhuang, Tongzhou,
Forward-Looking Statements
This communication contains "forward-looking statements" as defined in the federal securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
For more information, please contact:
Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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SOURCE Origin Agritech Limited