On May 29, 2025, Shineco, Inc. entered into a securities purchase agreement with certain non-U.S. investors for the sale of 18,000,000 shares of common stock. The shares were offered at a price of $0.75 per share, bringing the total expected gross proceeds to approximately $13.5 million. The transaction is subject to customary closing conditions and is expected to close around June 16, 2025.
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