Company: SISI
Filing Date: 2025-01-14
Form Type: S-3
Source: 0001493152-25-002134
Chunk: 2

Company: SHINECO, INC.
Filing Date: 2025-01-14
Form: S-3
Chunk 2
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 to time by the selling stockholders identified in this prospectus (the “Selling Stockholders”) of up to 15,000,000 shares of our common stock, par value $0.001 per share. The shares of our common stock referenced in the preceding sentence were issued to the Selling Stockholders pursuant to the terms of that certain Securities Purchase Agreement, dated as of December 24, 2024, between us and the Selling Stockholders, as such transaction is more fully described in the section entitled “Selling Stockholders.”

We are not selling any shares of common stock under this prospectus and we will not receive any proceeds from any sale by the Selling Stockholders of the shares of our common stock offered by this prospectus and any prospectus supplement. The Selling Stockholders will bear all commissions and discounts, if any, attributable to the sales of shares. We will bear all other costs, expenses and fees in connection with the registration of the shares. The Selling Stockholders identified in this prospectus and any of its pledgees, donees, transferees, assignees or other successors-in-interest may sell the shares of our common stock covered by this prospectus in a number of different ways and at varying prices. The Selling Stockholders may sell any, all or none of the shares of common stock offered by this prospectus, and we do not know when or in what amount the Selling Stockholders may sell the shares of common stock hereunder following the effective date of this registration statement. We provide more information about how the Selling Stockholders may sell the securities in the section entitled “Plan of Distribution.”

Our common stock is listed on the Nasdaq Capital Market under the symbol “SISI”. On January 10, 2025, the closing price of our common stock was $1.77 per share.

The securities offered by this prospectus involve a high degree of risks. Shineco is a holding company incorporated in Delaware. As a holding company with no material operations of its own, Shineco conducts a substantial amount of its operations through the operating entities established in the People’s Republic of China (the “PRC”). You will be purchasing the shares of common stock of Shineco, the domestic holding company with offshore subsidiaries pursuant to this registration statement. You are not directly investing in any of our operating entities.

Prior to the Wintus Acquisition (defined below), Shineco conducted its business through a combination of contractual arrangements with PRC operating companies and equity ownership of PRC subsidiaries. The contractual arrangements with respect to