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An announcement from China SXT Pharmaceuticals ( (SXTC) ) is now available.
On January 21, 2025, China SXT Pharmaceuticals announced its entry into a securities purchase agreement to sell 14,200,000 ordinary shares through a private investment in public equity at $0.20 per share. The agreement includes warrants for additional shares and is expected to close on January 28, 2025, with anticipated gross proceeds of $2,840,000 before expenses. This strategic move is intended to provide the company with working capital, potentially strengthening its operational capabilities and market positioning.
More about China SXT Pharmaceuticals
China SXT Pharmaceuticals operates in the pharmaceutical industry, focusing on the production and distribution of traditional Chinese medicine products. The company is primarily engaged in the development of innovative treatments and has a market focus on leveraging traditional Chinese medicinal practices.
YTD Price Performance: -11.29%
Average Trading Volume: 1,082,205
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.5M
For detailed information about SXTC stock, go to TipRanks’ Stock Analysis page.