Dogness (International) Corporation announced it has entered into a private placement transaction to raise US$6.0 million in gross proceeds. The company will sell 1,200,000 of its Class A common shares at a price of US$5.00 per share.
The shares are being sold to certain non-U.S. purchasers in a transaction exempt from registration under the Securities Act of 1933. The closing of this private placement is subject to customary closing conditions.
This capital injection provides Dogness with additional financial resources. These funds are intended to support the company's strategic initiatives, including technology development and market expansion, reinforcing its financial flexibility as it pursues growth objectives.
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