IT Tech Packaging Completes Public Stock Offering

IT Tech Packaging ( (ITP) ) has shared an update.

On May 13, 2025, IT Tech Packaging, Inc. announced a public offering of 6,899,500 shares of its common stock at $0.20 per share, expected to generate approximately $1.4 million in gross proceeds. The offering, which closed on May 14, 2025, was facilitated by Maxim Group LLC as the sole placement agent. The company plans to use the net proceeds for working capital and general corporate purposes. This move is part of IT Tech Packaging’s strategy to strengthen its financial position and support its operations in the competitive paper products market.

Spark’s Take on ITP Stock

According to Spark, TipRanks’ AI Analyst, ITP is a Neutral.

IT Tech Packaging is currently struggling with financial performance issues, including declining revenues and consistent net losses, which are significant concerns. Technical indicators suggest bearish momentum, and valuation metrics reflect a lack of profitability. The stock’s overall score reflects these challenges, despite some improvements in cash flow.

To see Spark’s full report on ITP stock, click here.

More about IT Tech Packaging

Founded in 1996, IT Tech Packaging, Inc. is a leading manufacturer and distributor of diversified paper products in North China. The company uses recycled paper as its primary raw material, except for its tissue paper products, and produces three categories of paper products: corrugating medium paper, offset printing paper, and tissue paper products. With production facilities in Baoding and Xingtai in Hebei Province, the company is strategically located near the Beijing and Tianjin region, a major market for paper products consumption. IT Tech Packaging has been listed on the NYSE American since December 2009.

Average Trading Volume: 5,535,603

Technical Sentiment Signal: Strong Sell

Current Market Cap: $1.65M

See more insights into ITP stock on TipRanks’ Stock Analysis page.