Jiuzi Holdings Inc. Announces Closing of $2.3 Million Registered Direct Offering
2023年7月21日 - 6:15AM
Jiuzi Holdings Inc. (NASDAQ: JZXN; the "Company"), a leading
new energy vehicle (NEV) dealership group operating under the brand
name "Jiuzi" in China, announced today the closing of its
previously announced registered direct offering to certain
institutional investors 1,395,151 of its ordinary shares, par value
$0.018 per share, at a purchase price of $1.65 per share, for gross
proceeds of approximately $2.3 million.
After deducting the placement agent’s commission
and other offering expenses payable by the Company, the net
proceeds to the Company were approximately $2 million. The Company
intends to use the net proceeds of the offering for working capital
and general corporate purposes.
The securities described above were offered by
the Company pursuant to a “shelf” registration statement on Form
F-3 (Registration No. 333-267617), including a base prospectus,
previously filed with the Securities and Exchange Commission (SEC)
and declared effective on December 14, 2022. The prospectus
supplement, including the amended and restated prospectus
supplement, and the accompanying base prospectus relating to the
offering were filed with the SEC on July 19, 2023 and are available
on the SEC's website located at http://www.sec.gov. Electronic
copies of the prospectus supplement and accompanying base
prospectus may also be obtained from Spartan Capital Securities,
LLC, 45 Broadway, New York, NY 10006 or telephone at (877)
772-7818.
Spartan Capital Securities, LLC, acted as exclusive placement
agent for this offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
About Jiuzi Holdings, Inc.
Jiuzi Holdings, Inc., headquartered in Hangzhou, China, and
established in 2017, franchises and operates retail stores under
the brand name "Jiuzi" to sell New Energy Vehicles ("NEVs") in
third and fourth-tier cities in China. The Company mainly
sells battery-operated electric vehicles and sources NEVs through
more than twenty NEV manufacturers. It has 51 operating franchise
stores and one company-owned store. For more information, visit the
Company's website at http://www.zjjzxny.cn/.
Forward-Looking Statements
All statements other than statements of historical fact in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties. They
are based on current expectations and projections about future
events and financial trends that the Company believes may affect
its financial condition, results of operations, business strategy,
and financial needs, including the expectation that the Offering
will be completed. Investors can identify these forward-looking
statements by words or phrases such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe,"
"potential," "continue," "is/are likely to" or other similar
expressions. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent events,
circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct. The Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review the “Risk Factor” section of the
Company’s registration statement and last annual report on form
20-F and in other filings made by the Company with the U.S.
Securities and Exchange Commission since the filing of such
20-F as these factors may affect its future results.
For more information, please contact:
Stephen Tong
Email: jiuzi@mana-ir.com
SOURCE Jiuzi Holdings, Inc.
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