The registrastion was declared effective on 12 December after the market closed.
The company has also granted the underwriters an option to purchase an additional 450,000 to cover over-allotments. The trading of the offered shares started on 13 December . Roth Capital Partners and Ladenburg Thalmann & Co. Inc. are the joint book running managers for the offering.
The company intends to use approximately $13.0 million of the net proceeds to construct a new large scale processing plant in Hainan Province, approximately $5.0 million to complete construction of an organic feedmill and the remaining proceeds for general corporate purposes, including working capital.
The company has also granted the underwriters an option to purchase an additional 450,000 to cover over-allotments. The trading of the offered shares started on 13 December . Roth Capital Partners and Ladenburg Thalmann & Co. Inc. are the joint book running managers for the offering.
The company intends to use approximately $13.0 million of the net proceeds to construct a new large scale processing plant in Hainan Province, approximately $5.0 million to complete construction of an organic feedmill and the remaining proceeds for general corporate purposes, including working capital.