Chanson International completed a best-efforts follow-on public offering on September 17, 2024, raising gross proceeds of $7.274 million. The offering consisted of 8,980,251 Class A ordinary shares and an equal number of common warrants, priced at $0.81 per share-warrant combination. The warrants are exercisable at $0.972 per share within one year of closing.Joseph Stone Capital served as the exclusive placement agent, receiving a 6% cash fee and 1% non-accountable expense allowance. The company's directors, officers, and 5%+ shareholders entered six-month lock-up agreements. The placement agent also secured a six-month right of first refusal for future offerings.The net proceeds will be used to expand Chanson's store network in China and the U.S. Currently, the company operates 46 stores in China and three in New York City, offering bakery products, seasonal items, and beverages through both physical stores and digital platforms.

Chanson International completed a best-efforts follow-on public offering on September 17, 2024, raising gross proceeds of $7.274 million. The offering consisted of 8,980,251 Class A ordinary shares and an equal number of common warrants, priced at $0.81 per share-warrant combination. The warrants are exercisable at $0.972 per share within one year of closing.Joseph Stone Capital served as the exclusive placement agent, receiving a 6% cash fee and 1% non-accountable expense allowance. The company's directors, officers, and 5%+ shareholders entered six-month lock-up agreements. The placement agent also secured a six-month right of first refusal for future offerings.The net proceeds will be used to expand Chanson's store network in China and the U.S. Currently, the company operates 46 stores in China and three in New York City, offering bakery products, seasonal items, and beverages through both physical stores and digital platforms.