High-Trend International Group Announces the Completion of a $4,452,999 Private Placement of Ordinary Shares to Its Co-Founder, Mr. Dong Zhang At a Price of $2.62 Per Share with a Three-year Lock-up
High-Trend International Group (NASDAQ: HTCO) has announced the completion of a significant private placement with co-founder Mr. Dong Zhang. Through his company Speed Wealthy , Zhang has invested $4,452,999 to acquire 1,699,618 Class A ordinary shares at $2.62 per share, reflecting the average closing price over ten consecutive trading days ending March 7, 2025.
The acquired shares are subject to a 36-month lock-up period, preventing any sale or transfer during this time. The transaction, unanimously approved by the Board of Directors, demonstrates Zhang's confidence in the company's strategic direction. The international shipping company plans to use the proceeds for general working capital purposes.
High-Trend International Group (NASDAQ: HTCO) ha annunciato il completamento di un'importante collocazione privata con il co-fondatore Sig. Dong Zhang. Attraverso la sua azienda Speed Wealthy, Zhang ha investito $4.452.999 per acquisire 1.699.618 azioni ordinarie di Classe A a $2,62 per azione, riflettendo il prezzo medio di chiusura su dieci giorni di contrattazioni consecutive fino al 7 marzo 2025.
Le azioni acquisite sono soggette a un periodo di lock-up di 36 mesi, che impedisce qualsiasi vendita o trasferimento durante questo periodo. La transazione, approvata all'unanimità dal Consiglio di Amministrazione, dimostra la fiducia di Zhang nella direzione strategica dell'azienda. La compagnia di spedizioni internazionale prevede di utilizzare i proventi per scopi di capitale circolante generale.
High-Trend International Group (NASDAQ: HTCO) ha anunciado la finalización de una colocación privada significativa con el cofundador Sr. Dong Zhang. A través de su empresa Speed Wealthy, Zhang ha invertido $4,452,999 para adquirir 1,699,618 acciones ordinarias de Clase A a $2.62 por acción, reflejando el precio medio de cierre durante diez días de negociación consecutivos que finalizan el 7 de marzo de 2025.
Las acciones adquiridas están sujetas a un período de bloqueo de 36 meses, que impide cualquier venta o transferencia durante este tiempo. La transacción, aprobada por unanimidad por la Junta Directiva, demuestra la confianza de Zhang en la dirección estratégica de la empresa. La compañía de envío internacional planea utilizar los ingresos para fines generales de capital de trabajo.
하이트렌드 인터내셔널 그룹 (NASDAQ: HTCO)는 공동 창립자인 동장(Dong Zhang) 씨와의 중요한 사모 배급 완료를 발표했습니다. 그의 회사 스피드 웰시(Speed Wealthy)를 통해 장 씨는 $4,452,999를 투자하여 1,699,618주 클래스 A 보통주를 주당 $2.62에 인수하였으며, 이는 2025년 3월 7일에 종료되는 10일 연속 거래일의 평균 종가를 반영합니다.
인수된 주식은 36개월의 잠금 기간에 따라 판매 또는 이전이 금지됩니다. 이 거래는 이사회에 의해 만장일치로 승인되었으며, 장 씨의 회사의 전략적 방향에 대한 신뢰를 보여줍니다. 이 국제 해운 회사는 수익금을 일반 운영 자본 목적에 사용할 계획입니다.
High-Trend International Group (NASDAQ: HTCO) a annoncé l'achèvement d'une importante émission privée avec le co-fondateur M. Dong Zhang. Par le biais de sa société Speed Wealthy, Zhang a investi $4,452,999 pour acquérir 1,699,618 actions ordinaires de Classe A à $2,62 par action, ce qui reflète le prix moyen de clôture sur dix jours de négociation consécutifs se terminant le 7 mars 2025.
Les actions acquises sont soumises à une période de blocage de 36 mois, empêchant toute vente ou transfert pendant cette période. La transaction, approuvée à l'unanimité par le Conseil d'administration, démontre la confiance de Zhang dans l'orientation stratégique de l'entreprise. La société de transport international prévoit d'utiliser les produits pour des besoins généraux de fonds de roulement.
High-Trend International Group (NASDAQ: HTCO) hat den Abschluss einer bedeutenden Privatplatzierung mit Mitbegründer Herrn Dong Zhang bekannt gegeben. Über sein Unternehmen Speed Wealthy hat Zhang $4.452.999 investiert, um 1.699.618 Stammaktien der Klasse A zu einem Preis von $2,62 pro Aktie zu erwerben, was dem durchschnittlichen Schlusskurs über zehn aufeinanderfolgende Handelstage bis zum 7. März 2025 entspricht.
Die erworbenen Aktien unterliegen einer 36-monatigen Sperrfrist, die während dieser Zeit den Verkauf oder die Übertragung verhindert. Die Transaktion, die einstimmig vom Vorstand genehmigt wurde, zeigt Zhangs Vertrauen in die strategische Ausrichtung des Unternehmens. Das internationale Versandunternehmen plant, die Erlöse für allgemeine Betriebskapitalzwecke zu verwenden.
- Significant insider investment of $4.45M demonstrates management confidence
- 36-month lock-up period shows long-term commitment from co-founder
- Additional working capital strengthens company's financial position
- Dilution of existing shareholders through new share issuance
This transaction underscores Mr. Zhang's unwavering confidence in the Company's strategic direction, operational resilience, and future value creation potential. Under the terms of the agreement, the acquired shares will be subject to a 36-month lock-up period, during which they cannot be sold, transferred, or otherwise disposed of. The Company intends to use the proceeds from this financing for general working capital purposes. The transaction was unanimously approved by the Company's Board of Directors.
"This investment reflects the profound belief of High-Trend key shareholder on our company's vision," said Mr. Shixuan He, CEO of the Company "As a co-founder of the Company, Mr. Zhang remains deeply invested in the Company's success and confident that our strategic initiatives will continue to drive value for all stakeholders."
About High-Trend International Group
High-Trend is an international shipping company.
Forward Looking Statements
This announcement contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the "safe harbor" provisions of the
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