Business
Jerash Holdings (US), Inc. Commences Public Offering of Common Stock
FAIRFIELD, NJ / ACCESSWIRE / September 29, 2021 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which is a premium manufacturer and
About this update from Jerash Holdings (us), Inc.
[{"type":"text","content":"FAIRFIELD, NJ / ACCESSWIRE / September 29, 2021 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the \"Company\" or \"Jerash\"), which is a premium manufacturer and exporter of custom, ready-made, sportswear and outerwear for leading global brands, together with Merlotte Enterprise Limited, a stockholder of Jerash, today announced the commencement of a proposed underwritten public offering of common stock of Jerash Holdings (US), Inc. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.D.A. Davidson & Co. and Lake Street Capital Markets, LLC are acting as joint book-running managers for this offering.In connection with the offering, the Company and the selling stockholder expect to grant to the managers a 30-day option to purchase from the Company and selling stockholder additional shares of common stock, on the same terms and conditions, to cover over-allotments, if any.A shelf registration statement on Form S-3 (including a base prospectus) and a resale registration statement on Form S-3 relating to these securities have been filed with the Securities and Exchange Commission (the \"SEC\") and became effective May 31, 2019 and August 23, 2021, respectively.A preliminary prospectus supplement describing the terms of the offering has been filed with the SEC and will form a part of the respective registration statements. Copies of the preliminary prospectus supplement and accompanying prospectuses relating to this offering may be obtained by visiting the SEC's website at www.sec.gov, or by contacting the offices of D.A. Davidson & Co., Attention: Equity Syndicate, 8 Third Street North, Great Falls, MT 59401, (800) 332-5915, [email protected]; or Lake Street Capital Markets, LLC, Attention: Syndicate Department, 920 Second Avenue South, Suite 700, Minneapolis, Minnesota 55402, or by calling (612) 326-1305, or by emailing [email protected] press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or juri...