CCSC Technology prices 11.77M shares at 60c in public offering

CCSC Technology (CCTG) International announced the pricing of a best-efforts public offering of 11,766,627 Class A ordinary shares and 23,533,254 warrants to purchase 23,533,254 Class A Ordinary Shares. Each Class A Ordinary Share is being sold together with two Warrants. The combined public offering price for each Class A Ordinary Share and accompanying Warrants is $0.60. Each Warrant has an exercise price per share equal to 120% of the public offering price, and expires on the fifth anniversary of the issuance date, subject to certain adjustments. The Offering is expected to close on or about October 2, 2025, subject to the satisfaction of customary closing conditions. Gross proceeds to the Company, before deducting placement agent’s fees and other offering expenses, are expected to be approximately $7.06M. The Company intends to use the net proceeds of this Offering to strengthen branding and marketing to escalate its position in the industry in Europe and the Association of Southeast Asian Nations, for strategic acquisitions and collaborations, and for other general corporate purposes. Revere Securities is acting as the placement agent in connection with the Offering.