Here are the 424B prospectus supplements from Chanson International Holding (CHSN) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow CHSN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CHSN filings page.
Chanson International Holding is launching an at-the-market offering of up to $219,375,000 in Class A ordinary shares through AC Sunshine Securities LLC on Nasdaq. The company may sell shares from time to time at prevailing market prices, paying the sales agent a 3.0% commission, and expects to use any net proceeds for general corporate purposes. Based on an assumed price of $2.10 per share, up to 104,464,286 new shares could be issued, which would raise the total Class A shares outstanding from 38,907,905 to as many as 143,372,191. Chanson is a Cayman holding company that operates bakery stores in Xinjiang, China and New York through subsidiaries and variable interest entities, reporting 2024 revenue of $18.2 million and net income of $0.76 million. The structure relies on PRC contractual arrangements, faces evolving Chinese regulatory and HFCA Act risks, and the company currently retains earnings rather than paying dividends.
Chanson International Holding is registering up to 37,500,000 Class A Ordinary Shares for resale by investors who bought them in a recent private placement. The company will not receive any proceeds from these resales but previously sold the shares at US$0.80 each to fund manufacturing expansion, new stores, and general corporate purposes.
The Cayman holding company runs bakery operations in Xinjiang and New York through a PRC subsidiary and 55 variable interest entities, a structure that creates legal and enforcement risks under Chinese law. It also highlights evolving PRC rules on overseas listings and data oversight, plus U.S. HFCA Act requirements that could affect the ability to keep its Nasdaq-listed shares trading.
For 2024, Chanson reported revenue of $18,227,537 and net income of $756,285, with most revenue from PRC stores and inflation and supply-chain pressures at U.S. stores. The company has never paid dividends, plans to retain future earnings for growth, and notes that PRC capital controls and its VIE contracts may limit moving cash out of China.