LightInTheBox (NYSE: LITB) raises $5.49M in PIPE share placement
Rhea-AI Filing Summary
LightInTheBox Holding Co., Ltd. completed a PIPE private placement with institutional investors, issuing 21,397,409 ordinary shares at $0.2566667 per ordinary share, which is equivalent to $3.08 per American Depositary Share (each representing twelve ordinary shares). This transaction provides the company with approximately $5.49 million in aggregate gross proceeds before fees and expenses. The company obtained New York Stock Exchange authorization for a Supplemental Listing Application covering additional ADSs representing these shares. Under the subscription agreements, LightInTheBox agreed to register the resale of the PIPE Shares by preparing and filing a registration statement with the U.S. Securities and Exchange Commission within 120 days of the closing date. The PIPE was conducted as a private offering relying on Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D, and the securities are currently restricted from public resale in the United States absent registration or an applicable exemption.
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Key Figures
PIPE Shares Issued: 21,397,409 ordinary shares
PIPE Share Price: $0.2566667 per ordinary share
ADS Equivalent Price: $3.08 per ADS
+2 more
5 metrics
PIPE Shares Issued
21,397,409 ordinary shares
Aggregate number of ordinary shares sold in the PIPE
PIPE Share Price
$0.2566667 per ordinary share
Purchase price per ordinary share in the PIPE
ADS Equivalent Price
$3.08 per ADS
Each ADS represents twelve ordinary shares
Gross Proceeds
approximately $5.49 million
Aggregate gross proceeds to the company before fees and expenses
Resale Registration Deadline
120 days
Deadline after closing to file SEC registration statement for resale
Key Terms
private placement, Regulation D, Section 4(a)(2), Supplemental Listing Application, +2 more
6 terms
private placement financial
"completed a private placement (the “PIPE”) pursuant to subscription agreements"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
Regulation D regulatory
"in reliance on the exemption from registration provided by Section 4(a)(2) ... and/or Rule 506 of Regulation D"
Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.
Section 4(a)(2) regulatory
"exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
Supplemental Listing Application regulatory
"submitted a Supplemental Listing Application to the New York Stock Exchange"
A supplemental listing application is a request filed with a stock exchange or regulator to add additional securities or a new class of securities that relate to an already listed company—for example extra shares issued after a rights offer, a share consolidation, or a new series of bonds. Investors care because it changes how many tradable instruments exist and who can trade them, which can affect supply, ownership percentages and market liquidity much like adding more seats to a concert changes ticket availability and prices.
registration statement regulatory
"required to prepare and file a registration statement with the U.S. Securities and Exchange Commission"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
resale financial
"agreed to register the resale of the PIPE Shares"
Resale is the act of selling an item, asset, or security by someone who previously bought it rather than by the original maker or issuer. It matters to investors because resale activity affects how easily an investment can be sold, the price buyers are willing to pay, and the potential profit or loss — like selling a used car: condition, demand and market rules determine what you can get for it.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What PIPE financing did LightInTheBox (LITB) complete in August 2026?
LightInTheBox completed a private placement (PIPE), issuing 21,397,409 ordinary shares at $0.2566667 per share, raising about $5.49 million in gross proceeds before fees and expenses.
How much capital did LightInTheBox (LITB) raise through the PIPE?
LightInTheBox raised approximately $5.49 million in aggregate gross proceeds from the PIPE, before deducting any related fees and expenses payable in connection with the transaction.
What are LightInTheBox’s (LITB) registration obligations after the PIPE?
LightInTheBox agreed to register the resale of the PIPE Shares by preparing and filing a registration statement with the U.S. SEC within 120 days following the closing date of the PIPE financing.
Under what exemptions was the LightInTheBox (LITB) PIPE conducted?
The PIPE was conducted relying on Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D. The PIPE Shares are unregistered and restricted from U.S. resale absent registration or a valid exemption.