Ostin Technology (OST) Group entered into a definitive agreement with a single institutional investor for the purchase and sale of an aggregate of 41,666,667 of the Company’s Class A ordinary share, par value $0.001 per share at a purchase price of $0.12 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share. The aggregate gross proceeds to the Company of this offering are expected to be approximately $5M. The transaction is expected to close on or about July 1, 2025, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.
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