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FAQ: Decent Holding Inc. (NASDAQ: DXST) $8 Million Registered Offering of Class A Shares and Warrants
TL;DR
Decent Holding's $8 million offering provides capital to expand wastewater treatment services, potentially increasing market share and investor returns through technology upgrades and business growth.
Decent Holding raised $8 million through 13.3 million shares at $0.60 each plus warrants, with proceeds allocated to R&D, technology upgrades, and talent recruitment.
This funding supports river-water quality management and ecological restoration in China, contributing to cleaner water and healthier ecosystems for communities.
A Chinese wastewater treatment company just secured $8 million to develop microbial products that remove pollutants and enhance water quality through ecological restoration.
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The announcement covers Decent Holding Inc.'s (NASDAQ: DXST) closure of an $8 million registered offering consisting of Class A ordinary shares and warrants, along with details about how the company plans to use the proceeds.
The offering consisted of 13,333,333 Class A ordinary shares at $0.60 per share and warrants to purchase 26,666,666 additional shares at 110% of the offering price with a 120-day term, generating gross proceeds of $8 million before expenses.
The company plans to use the net proceeds to support business expansion, research and development (R&D), river-water quality management initiatives, wastewater treatment technology upgrades, and talent recruitment.
The offering was conducted on a reasonable best-effort basis, with D. Boral Capital LLC serving as the placement agent.
Decent Holding Inc. specializes in wastewater treatment by cleansing industrial wastewater, ecological river restoration and river ecosystem management by enhancing water quality, and microbial products primarily used for pollutant removal and water quality enhancement through its operating subsidiary, Shandong Dingxin Ecology Environmental Co., Ltd.
Decent Holding is described as an established wastewater treatment services provider in China.
For more information, you can visit the company's investor relations website at https://ir.dxshengtai.com/.
The full press release can be viewed at https://ibn.fm/BYExi.
InvestorWire is a specialized communications platform that focuses on advanced wire-grade press release syndication for companies and the investment community, and it is the source of this announcement as part of the InvestorBrandNetwork portfolio.
Curated from InvestorBrandNetwork (IBN)
