Company: SISI
Filing Date: 2025-02-18
Form Type: S-1
Source: 0001493152-25-007187
Chunk: 85

Company: SHINECO, INC.
Filing Date: 2025-02-18
Form: S-1
Chunk 85
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$1,200,000 from the buyer, and all of the shares issuable under that transaction were issued on June 22, 2023.

On June 21, 2023, the Company entered into a certain stock purchase agreement with certain non-U.S. investors (the “June 2023 Investors”), pursuant to which the Company agreed to sell, and the June 2023 Investors agreed to purchase, severally and not jointly, an aggregate of up to 16,666.67 shares of common stock of the Company at a price of US$120.00 per share. The transaction contemplated by that agreement was approved by the Company’s board of directors at a board meeting on June 8, 2023. The Company received gross proceeds of US$2,000,000 from the June 2023 Investors, and all of the shares issuable under that transactionwere issued on June 22, 2023.

On December 22, 2023, the Company entered into a securities purchase agreement (the “December 20023 Purchase Agreement”) with certain non-U.S. investors (the “December 2023 Investors”). Under the December 2023 Purchase Agreement, the Company agreed to sell to the December 2023 Investors up to 50,000 shares of its common stock at a per share purchase price of US$28.80 for gross proceeds of up to US$1,440,000. The Company has received gross proceeds in full from the December 2023 Investors, and all of the shares were issued on December 28, 2023.

On March 27, 2024, the Company entered into a securities purchase agreement (the “March 2024 Purchase Agreement”) with certain non-U.S. investors (the “March 2024 Investors”). Under the March 2024 Purchase Agreement, the Company agreed to sell to the March 2024 Investors up to 11,904.75 shares of its common stock at a per share purchase price of US$24.00 for gross proceeds of up to US$285,714. The Company has received gross proceeds in full from the March 2024 Investors as of June 30, 2024, and all the shares have been issued as of the date of this prospectus.

On June 20, 2024, the Company entered into a securities purchase agreement (the “June 2024 SPA”) with certain non-U.S. investors (the “June 2024 Purchasers”), pursuant to which