Business
Datasea Announces Proposed Underwritten Public Offering
BEIJING, Sept. 11, 2023 /PRNewswire/ – Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada incorporated digital technology corporation engaged
About this update from Datasea Intelligent Technology Ltd.
[{"type":"text","content":"BEIJING, Sept. 11, 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 it has commenced an underwritten public offering.\n\n \n \n \n \n \n \n\n \nEF Hutton, division of Benchmark Investments, LLC, is acting as the sole book-running manager for the offering.\nDatasea intends to use the net proceeds from the offering for research and development, market development and for general corporate purposes.\nThe common stock and pre-funded warrants are being 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 is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement describing the terms of the public offering will be filed with the SEC and will form a part of the effective registration statement.\nCopies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, 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 December 2018 under the symbol DTSS. Datasea is a leading provider of products, services, and solutions for enterprise and retail customers in converging and innovative industries, Intelligent Acoustics and 5G messaging business, especially focusing on ultrasonic, infrasou...