ismagilov
Wellness merchandise maker Aixin Life (OTCQX:AIXN), which is searching for to uplist its shares to Nasdaq, has downsized its proposed public providing by 50% to $25M.
The Colorado-based firm mentioned that it’s now trying to provide 6.25M shares priced at $4 per share. Underwriters could be granted a 45-day possibility to purchase as much as 938K extra shares for over-allotments.
Community 1 Monetary Securities is serving as lead underwriter. Aixin is planning to uplist its shares to Nasdaq below the image AIXN. Its shares presently commerce OTC below the identical image.
Aixin develops, manufactures and markets dietary and wellness merchandise for the Chinese language market, together with conventional Chinese language cures. The corporate operates by way of subsidiaries in China.
Aixin is has been working within the pink. For the nine-month interval ended Sept. 30, the corporate reported a web lack of $5.9M on income of $1.5M, based on its submitting.
The corporate first filed for the IPO in November, searching for $50M.
