Youxin Technology prices 21.4M units at 28c in underwritten public offering

Youxin Technology (YAAS) announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $6M, before deducting underwriting fees and other offering expenses payable by the Company. The offering consists of 21,428,571 Common Units, each consisting of one Ordinary Share or one Pre-Funded Warrant, one Series A Registered Common Warrant to purchase one Ordinary Share per warrant at an exercise price of $0.28 and one Series B Registered Common Warrant to purchase such number of Ordinary Shares as set forth in the Series B Warrant at an initial exercise price of $0.00001. The public offering price per Common Unit is $0.28. The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until exercised in full. For each Pre-Funded Unit sold in the offering, the number of Common Units in the offering will be decreased on a one-for-one basis. The initial exercise price of each Series A Common Warrant is $0.28 per Ordinary Share. The Series A Common Warrants are exercisable immediately and expire 60 months after the initial issuance date. The exercise price and number of securities issuable under the Series A Common Warrant is subject to an initial adjustment ten trading days after the closing date and subject to additional adjustments to the exercise price and floor price every six months thereafter as described in more detail in the report on Form 6-K filed in connection with the offering. The initial exercise price of each Series B Common Warrant is $0.00001 per Ordinary Share. The Series B Common Warrants are exercisable immediately and may be exercised at any time until exercised in full. The number of securities issuable under the Series B Common Warrant is subject to adjustment ten trading days after the closing date as described in more detail in the report on Form 6-K filed in connection with the offering. Solely to cover over-allotments, if any, the Company has granted Aegis Capital a 45-day option to purchase additional Ordinary Shares and/or Investor Warrants of up to 15.0% of the number of Ordinary Shares sold in the offering, up to 15.0% of the number of Series A Common Warrants sold in the offering and up to 15.0% of the number of Series B Common Warrants sold in the offering. The purchase price to be paid per additional Ordinary Share will be equal to the public offering price of one Common Unit, less the underwriting discount. The purchase price to be paid per additional Investor Warrant will be $0.00001. The transaction is expected to close on or about September 8, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. is acting as the sole book-running manager for the offering.