Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 22

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 2024, the Company entered into a securities purchase
    agreement with certain non-U.S. investors (the “June 2024 Purchasers”), pursuant to which the Company agreed to sell,
    and the Purchasers agreed to purchase, severally and not jointly, an aggregate of 58,333
    shares of common stock of the Company (the “June 2024 Shares”) at an offering price of US$120.00
    per share for gross proceeds of up to US$7.0
    million. As of June 30, 2024, proceeds of approximately US$6.4
    million were received by the Company, and the remaining proceeds were fully received by the Company in July 2024, and all of the
    June 2024 Shares were issued on July 8, 2024.

    2)
    On July 11, 2024, the Company entered into an Underwriting Agreement
    with EF Hutton LLC, as the representative for several underwriters, relating to the underwritten public offering (the “Offering”)
    of 77,882 shares of common stock at a public offering price of US$25.68 per share, for aggregate gross proceeds of approximately
    US$2.0 million, prior to deducting underwriting discounts and other offering expenses. In addition, the Company granted the underwriters
    a 45-day option to purchase up to an additional 11,683 shares of common stock at the public offering price per share, less the
    underwriting discounts to cover over-allotments, if any. The Offering closed on July 15, 2024, and the 45-day option expired on August
    30, 2024. The net proceeds from the offering were approximately US$1.7 million, after deducting the estimated underwriting discounts
    and commissions and estimated offering expenses.

    3)
    On August 22, 2024, the Company entered into a securities purchase
    agreement (the “SPA”) with 22 purchasers, each an unrelated third party to the Company (collectively, the “August
    2024 Purchasers”). Pursuant to the SPA, the August 2024 Purchasers agree to purchase, and the Company agreed to issue and sell
    to the August 2024 Purchasers, an aggregate of 624,375
    shares of the Company’s common stock, par value US$0.001