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Caravelle International ( (HTCO) ) just unveiled an announcement.
High-Trend International Group, a company involved in a private placement financing, announced that on March 10, 2025, it closed a transaction with Speed Wealthy Ltd., owned by co-founder Mr. Dong Zhang. The deal involved the purchase of 1,699,618 Class A ordinary shares at $2.62 per share, totaling $4,452,999. The shares are subject to a 36-month lock-up period, and the proceeds will be used for general working capital. This move indicates a strategic effort to bolster financial resources, potentially impacting the company’s operational capabilities and market positioning.
More about Caravelle International
YTD Price Performance: -48.67%
Average Trading Volume: 106,568
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $119.5M
For an in-depth examination of HTCO stock, go to TipRanks’ Stock Analysis page.