Origin Agritech announces investment agreements

Origin Agritech (SEED) announced two investment agreements. Origin’s CEO, Weibin Yan, has entered into a securities purchase agreement to invest $2.4M in the company at $1.20 per share, thereby acquiring 2,000,000 ordinary shares. Additionally, Origin has entered into a modification agreement with institutional investors to adjust the terms of an existing securities purchase agreement originally executed in August 2024. The modification consolidates the remaining second and third tranches into a single closing at a revised price of $1.20 per share. The additional capital infusions of $2.4M from our CEO and $1.48M from institutional investors will support Origin’s continued expansion in China’s agricultural biotechnology sector, including enhanced research and development capabilities, expanded market penetration, and strengthened distribution networks.