Datasea Inc. Successfully Closes $2.25 Million Registered Direct Offering

July 4, 2024, 9:34 pm
U.S. Securities and Exchange Commission
U.S. Securities and Exchange Commission
AnalyticsExchangeFinTechGovTechIndustryInvestmentITLegalTechManagementService
Location: United States, District of Columbia, Washington
Employees: 1001-5000
Founded date: 1934
Total raised: $392.5M
Datasea
DevelopmentInformationSecurityTechnology
Location: China, Beijing
Employees: 51-200
Founded date: 2014
Total raised: $10.73M
EF Hutton
EF Hutton
FinTechPublicService
Datasea Inc., a prominent player in the realm of high-tech intelligent acoustics and 5G-Artificial Intelligence technology, has recently announced the successful closure of a significant $2.25 million registered direct offering. This strategic move saw the company selling a total of 692,308 shares of its common stock at a price of $3.25 per share, with the aim of furthering its research and development initiatives, as well as expanding its market reach and bolstering its general corporate operations.

Datasea's unwavering commitment to innovation and cutting-edge technology is palpable in its steadfast focus on ultrasonic, infrasound, and directional sound technology. By leveraging these advanced technologies, Datasea aims to revolutionize the landscape of intelligent acoustics and 5G multimodal communication, offering groundbreaking solutions to enterprise and retail customers in both the United States and China.

In a strategic move to solidify its global presence and mark its commitment to offering leading-edge acoustic solutions to the US market, Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware in July 2023. This move underscores Datasea's dedication to pushing the boundaries of innovation and delivering cutting-edge solutions to its customers.

Investors and media outlets alike can reach out to Datasea Inc. for further information on this exciting development. The successful closure of the $2.25 million registered direct offering marks a significant milestone for Datasea, positioning the company for continued growth and success in the dynamic and ever-evolving landscape of high-tech intelligent acoustics and 5G-Artificial Intelligence technology.