LightInTheBox completes $5.49M PIPE financing
Sentiment and the balance of points
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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.
Key Figures
Key Terms
private placement financial
Regulation D regulatory
Section 4(a)(2) regulatory
Supplemental Listing Application regulatory
registration statement regulatory
resale financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What PIPE financing did LightInTheBox (LITB) complete in August 2026?
How much capital did LightInTheBox (LITB) raise through the PIPE?
What are LightInTheBox’s (LITB) registration obligations after the PIPE?
Under what exemptions was the LightInTheBox (LITB) PIPE conducted?
AI-generated analysis. How Rhea-AI works. Not financial advice.