China Jo-Jo Drugstores Announces $2.59M Registered Direct Offering Of 9.96M Shares Of Stock At A Price Of $0.26/Share

Benzinga ·  09/26 21:25

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) ("Jo-Jo Drugstores" or the "Company"), a leading online and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and healthcare provider in China, today announced that it has entered into definitive agreements with a number of investors providing for the issuance of 9.96 million ordinary shares, at a purchase price of $0.26 per share (the "Purchase Price"), in a registered direct offering for aggregate gross proceeds of approximately $2.59 million. Jo-Jo Drugstores also agreed to issue to the investors registered warrants to purchase up to 19.92 million ordinary shares. The warrants will have

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