Huadi International announces pricing of $25M registered direct offering

Huadi International Group announced that it has entered into a securities purchase agreement with two institutional investors for a registered direct offering of $25 million of its ordinary shares, before payment of commissions and expenses. The offering is expected to close on or about November 9, 2022, subject to the satisfaction of customary closing conditions. The offering consists of the sale of 1 million ordinary shares in a registered direct offering, at a purchase price of $25.00 per ordinary share. Univest Securities, LLC is acting as the exclusive placement agent for this offering.