Armlogi Holding Corp. announced the closing on the $5 million second tranche of its Pre-Paid Advance, pursuant to the Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd. This brings the total Pre-Paid Advance received to $10 million.
This second tranche closing represents another milestone in strengthening Armlogi’s financial position. The continued support from Yorkville Advisors through the SEPA arrangement provides flexible capital for the company.
Management stated that this capital will be used to execute strategic plans and enhance Armlogi's comprehensive supply-chain solutions platform. The company remains focused on delivering value to customers and shareholders as it expands its warehousing and logistics capabilities.
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