Big Tree Cloud Secures $5 Million in Direct Offering

Big Tree Cloud Successfully Closes $5 Million Direct Offering
Big Tree Cloud Holdings Limited, also known as Big Tree Cloud, has successfully closed a significant registered direct offering with an institutional investor. This strategic move involves the purchase and sale of over 8 million ordinary shares, significantly fueling the company's ongoing expansion and operational capabilities. Each ordinary share was priced at $0.62, leading to gross proceeds of approximately $5 million.
Utilization of Proceeds from the Offering
The funds raised through this offering will primarily serve general corporate purposes and bolster working capital. Such an influx of capital is pivotal for Big Tree Cloud as it seeks to enhance its position within the personal care industry, allowing for potential investments in innovative research and development.
Involvement of Esteemed Partners
Aegis Capital Corp. played a critical role as the exclusive placement agent for this offering, ensuring a smooth process. Additionally, Sichenzia Ross Ference Carmel LLP and Kaufman & Canoles, P.C. contributed as legal counsel, providing guidance through the complexities of the offering.
About Big Tree Cloud
Founded in 2020, Big Tree Cloud positions itself as an international capital platform dedicated to enhancing China’s personal care industry through strategic investments and industrial integration. The company focuses significantly on innovation and synergy within supply chains, striving to make Chinese personal care brands globally competitive. Their commitment to scientific research underpins their mission to elevate industry standards and drive quality evolution in personal care.
Future Outlook
With this injection of funds, Big Tree Cloud is set to propel its initiatives aimed at global competitiveness within the personal care market. Their efforts focus on extensive research and development, technological advancements, and improving efficiencies throughout their operations. This direct offering marks a strategic milestone for the company, enhancing its capability to react dynamically to market demands and opportunities for growth.
Frequently Asked Questions
What was the amount raised in Big Tree Cloud's recent offering?
Big Tree Cloud raised approximately $5 million through the recent registered direct offering.
How many shares were involved in the offering?
The offering included 8,064,516 ordinary shares priced at $0.62 each.
What will the proceeds be used for?
The proceeds from the offering will be utilized for general corporate purposes and working capital.
Who acted as the placement agent for this offering?
Aegis Capital Corp. was the exclusive placement agent for the offering.
What is the mission of Big Tree Cloud?
Big Tree Cloud aims to support the globalization of Chinese personal care brands, enhancing their competitiveness through innovation and technological advancements.
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