Business
Dogness (International) Corporation Closes $12 Million Offering
DONGGUAN, China, June 3, 2022 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of
About this update from Dogness (international) Corporation
[{"type":"text","content":"DONGGUAN, China, June 3, 2022 /PRNewswire/ -- Dogness (International) Corporation (\"Dogness\" or the \"Company\") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced that it closed a previously announced offering with institutional investors, raising approximately $12 million in gross proceeds from the sale of (i) an aggregate of 3,636,365 Class A common shares and (ii) warrants to purchase an aggregate of 2,181,819 Class A common shares to the investors. The Company plans to use the net proceeds from the offering for working capital and general business purposes, as it continues to focus on the growth of its business enhancing pet lifestyles through an expanding portfolio of traditional and smart tech products.\n\n \n \n \n \n \n \n\n \nThese securities were offered through a prospectus supplement pursuant to the Company's effective shelf registration statement on Form F-3 (SEC File No. 333-229505) and base prospectus contained therein. A shelf registration statement relating to these securities was filed with and declared effective by the Securities and Exchange Commission (the \"SEC\") on February 13, 2019. A prospectus supplement related to the offering was filed with the SEC on June 3, 2022.\nFT Global Capital, Inc. acted as the exclusive placement agent in connection with the offering.\nKaufman & Canoles, P.C. acted as counsel to the Company, and Morgan, Lewis & Bockius LLP acted as counsel to the placement agent in connection with the offering.\nThis 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 state or other 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 other jurisdiction. For further information regarding this transaction, please see the Form 6-K filed with the SEC at www.sec.gov.\nAbout Dogness\nDogness (International) Corporation was founded in 2003 from the belief that pet dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness is able to simplify pet lifestyles, make them more scientific, and enha...