Chanson (NASDAQ: CHSN), a provider of bakery, seasonal and beverage products through its chain stores in China and the United States, has announced the closing of its initial public offering of 3,390,000 Class A ordinary shares, each at a public offering price of US$4.00. The Class A ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol CHSN on March 30, 2023. The company received US$13,560,000 in aggregate gross proceeds of from the offering, of which net proceeds will be used to open new stores in the United States. In addition, Chanson has granted the underwriters a 45-day option to purchase up to an additional 508,500 Class A ordinary shares at the public offering price, less underwriting discounts. EF Hutton, division of Benchmark Investments LLC, acted as the sole book-running manager for the offering. Hunter Taubman Fischer & Li LLC acted as U.S. counsel to the company, and Ortoli Rosenstadt LLP acted as U.S. counsel to EF Hutton.
To view the full press release, visit https://ibn.fm/equvG
About Chanson International Holding
Founded in 2009, Chanson is a provider of bakery, seasonal and beverage products through its chain stores in China and the United States. Headquartered in Urumqi, China, Chanson directly operates stores in Xinjiang, China, and New York, United States. Chanson currently manages 33 chain stores under the “George●Chanson” brand in Xinjiang and two stores in New York City while selling on digital platforms and third-party online food ordering platforms. Chanson offers not only packaged bakery products but also made-in-store pastries and eat-in services, serving freshly prepared bakery products and extensive beverage products. Chanson aims to make healthy, nutritious and ready-to-eat food through advanced facilities based on in-depth industry research, while creating a comfortable and distinguishable store environment for customers. Chanson’s dedicated and highly experienced product development teams constantly create new products that reflect market trends to meet customer demand. For more information, please visit the company’s website: http://ir.chanson-international.net.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork