Ostin Technology Group announces $5 million offering

* Ostin Technology Group (NASDAQ:OST [https://seekingalpha.com/symbol/OST]) announced on Monday that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of an aggregate of 41.67 million of the company’s class A ordinary share at a purchase price of $0.12 per share in a registered direct offering.
* The aggregate gross proceeds to the company of this offering are expected to be approximately $5 million.
* The transaction is expected to close on or about July 1, 2025.
* OST is -51.95% to $0.168.
* Source: Press Release [https://seekingalpha.com/pr/20151997-ostin-technology-group-co-ltd-announces-5-million-registered-direct-offering]

MORE ON OSTIN TECHNOLOGY

* Ostin Technology announces pricing of $5M registered direct offering [https://seekingalpha.com/news/4431448-ostin-technology-announces-pricing-of-5m-registered-direct-offering]
* Financial information for Ostin Technology [https://seekingalpha.com/symbol/OST/income-statement]