Sign In  |  Register  |  About Walnut Creek Guide  |  Contact Us

Walnut Creek, CA
September 01, 2020 1:43pm
7-Day Forecast | Traffic
  • Search Hotels in Walnut Creek Guide

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Graphex Group Limited (NYSE American: GRFX) Announces Pricing of Upsized $11.7M Public Offering

Graphex (NYSE American: GRFX) and Graphex Technologies LLC, its wholly owned US subsidiary, a global leader in mid-stream processing of specialized natural graphite used for electric vehicle (“EV”) lithium-ion (“Li-ion”) batteries, recently announced the pricing of its upsized public offering. According to the update, the offering consists of 4,695,653 American depositary shares (“ADSs”), with each ADS representing 20 ordinary shares, par value HK$0.01 per share, of the company, at a public offering price of $2.50 per ADS, for aggregate gross proceeds of approximately $11.7 million before deducting underwriting discounts, commissions and other expenses. Graphex has also granted the underwriters a 45-day option to purchase up to an additional 704,347 ADSs at the public offering price per ADS, less the underwriting discounts and commissions, to cover over-allotments, if any. The ADSs have commenced trading on the NYSE American Exchange under the ticker symbol GRFX, and, subject to satisfaction of customary conditions, the offering is expected to close on or about Aug. 19, 2022. EF Hutton, division of Benchmark Investments LLC, is acting as sole book-running manager for the offering.

To view the full press release, visit https://ibn.fm/HRjgf

About Graphex Group Limited

Graphex is a Cayman Island company with principal and administrative offices in Hong Kong and subsidiary office in Royal Oak, Michigan. Graphex is a global leader in the industry, proficient in commercial deep processing of graphite, and is currently producing over 10,000 metric tons of spherical graphite annually. Graphex possesses patents and utility models covering various technological, design and processing applications in addition to trade secrets and technological expertise.

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
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 WalnutCreekGuide.com & California Media Partners, LLC. All rights reserved.