Business
Datasea Announces Closing of $2.0 Million Underwritten Public Offering
BEIJING, Sept. 13, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation
About this update from Datasea Intelligent Technology Ltd.
[{"type":"text","content":"BEIJING, Sept. 13, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) (\"Datasea\" or the \"Company\"), a Nevada incorporated digital technology corporation engaged in converging and innovative business segments for intelligent acoustics and 5G messaging technology in China, today announced the closing of its underwritten public offering of 5,000,000 shares of common stock at a public offering price of $0.40 per share, for aggregate gross proceeds of approximately $2.0 million, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 750,000 shares of common stock at the public offering price per share, less the underwriting discounts to cover over-allotments, if any.\n\n \n \n \n \n \n \n\n \nEF Hutton, division of Benchmark Investments, LLC, acted as the sole book-running manager for the offering.\nThe common stock was offered by the Company pursuant to a \"shelf\" registration statement on Form S-3 (File No. 333-272889), which was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on July 21, 2023, and the accompanying prospectus contained therein.\nThe offering was being made only by means of a prospectus supplement and accompanying prospectus. The final prospectus supplement and accompanying base prospectus relating to the securities being offered in the Offering were filed with the SEC on September 13, 2023.\nCopies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained on the SEC's website at http://www.sec.gov or by contacting EF Hutton, division of Benchmark Investments, LLC Attention: Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at [email protected], or by telephone at (212) 404-7002.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Datasea Inc.\nDatasea Inc., was incorporated in Nevada in 2014 and was listed on the NASDAQ Capital Market in De...