Business
Big Tree Cloud Holdings Limited Announces Pricing of $5.0 Million Registered Direct Offering
Big Tree Cloud Holdings Limited ("Big Tree Cloud" or the "Company") (NASDAQ: DSY) (NASDAQ: DSYWW), a capital platform enterprise focused on strategic investment and industry integration in the personal care sector, today announced that it had entered into a definitive agreement in a registered direct offering with an institutional investor for the purchase and sale of 8,064,516 ordinary shares, $0.0001 par value per share ("Ordinary Shares"), at a price of $0.62 per Ordinary Share.
About this update from Big Tree Cloud Holdings Limited
[{"type":"text","content":"SHENZHEN, China, Sept. 29, 2025 /PRNewswire/ -- Big Tree Cloud Holdings Limited ("Big Tree Cloud" or the "Company") (NASDAQ: DSY) (NASDAQ: DSYWW), a capital platform enterprise focused on strategic investment and industry integration in the personal care sector, today announced that it had entered into a definitive agreement in a registered direct offering with an institutional investor for the purchase and sale of 8,064,516 ordinary shares, $0.0001 par value per share ("Ordinary Shares"), at a price of $0.62 per Ordinary Share.","length":564,"tagName":"p"},{"type":"text","content":"Aggregate gross proceeds to the Company are expected to be approximately $5.0 million, before deducting placement agent fees and offering expenses. The Company expects to use the net proceeds from the offering for general corporate purposes and working capital.","length":261,"tagName":"p"},{"type":"text","content":"The offering is expected to close on or about September 30, 2025, subject to the satisfaction of customary closing conditions.","length":126,"tagName":"p"},{"type":"text","content":"Aegis Capital Corp. is acting as exclusive placement agent for the offering. Sichenzia Ross Ference Carmel LLP is acting as U.S. counsel to the Company. Kaufman & Canoles, P.C. is acting as U.S. counsel to Aegis Capital Corp.","length":230,"tagName":"p"},{"type":"text","content":"The registered direct offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-289941) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on September 9, 2025. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at [email protected], or by telephone at +1 (212) 813-1010.","length":783,"tagName":"p"},{"type":"text","content":"Interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other docume...