Happiness Development Raises $10M Via Equity Offering

by Shivani Kumaresan, Benzinga Staff Writer

January 21, 2022 8:58 AM | 1 min read | Make a Comment

Happiness Development Group Ltd HAPP has entered into a securities purchase agreement with several non-U.S. strategic investors to sell a total of 12.5 million of its shares.
The company noted that the purchase price of $0.80 each represents over 45% premium to the market price.
The company intends to use the gross proceeds to expand its international e-commerce sales, working capital, and general corporate use.
"We are very grateful to these strategic investors for their support to our international expansion, especially with a premium price," said CEO Xuezhu Wang.
Price Action: HAPP shares are trading lower by 2.86% at $0.50 in premarket on the last check Friday.

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