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Tianci International, a global logistics service provider specializing in ocean freight forwarding, has successfully closed its public offering of 1,750,000 shares of common stock at $4.00 per share, raising total gross proceeds of $7 million.
The company began trading on the Nasdaq Capital Market under the symbol CIIT on April 10, 2025. American Trust Investment Services acted as the representative underwriter and has a 45-day option to purchase up to 262,500 additional shares, potentially increasing total proceeds to $8.05 million.
The proceeds will be used for:
- Logistics promotion and marketing
- Working capital and general corporate purposes
- Recruitment of talented personnel
Tianci International (NASDAQ: CIIT) has successfully completed its uplisting to the Nasdaq Capital Market, led by American Trust Investment Services (ATIS) as the lead underwriter. The company priced its offering at $4.00 per share for 1,750,000 shares, raising $7 million in gross proceeds before deducting underwriting costs and expenses.
Trading under the symbol 'CIIT' commenced on April 10, 2025. Tianci International, a logistics and shipping services provider, plans to utilize the net proceeds for expanding service offerings, enhancing technology infrastructure, and general corporate purposes. The company specializes in sea freight forwarding solutions and develops logistics software for international trade operations.
Tianci International, a global logistics service provider focused on ocean freight forwarding, has announced the pricing of its public offering and Nasdaq Capital Market uplisting. The company is offering 1,750,000 shares of common stock at $4.00 per share, aiming to raise $7 million in gross proceeds before expenses.
Trading will commence on April 10, 2025, under the ticker symbol CIIT. The underwriter, American Trust Investment Services, has a 45-day option to purchase an additional 262,500 shares, potentially increasing total proceeds to $8.05 million. The offering is expected to close around April 11, 2025.
Proceeds will be allocated towards:
- Logistics promotion and marketing
- Working capital and general corporate purposes
- Recruitment of talented personnel
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