TIANCI International prices $4.9M public offering at $0.81 per unit
Tianci International, Inc. (NASDAQ: CIIT), a logistics company specializing in ocean freight forwarding, announced the pricing of a registered public offering of 6,055,000 units at $0.81 per unit, with aggregate gross proceeds expected to reach approximately $4.9 million before fees and expenses.
Each unit consists of one share of common stock, or a pre-funded warrant in lieu thereof, and one common warrant to purchase one additional share at an exercise price of $0.81. The warrants are immediately exercisable upon issuance and expire three years from the issuance date. The exercise price is subject to standard anti-dilution adjustments.
The offering's closing was expected to take place on June 17, 2026, subject to customary closing conditions. The company stated it intends to use net proceeds primarily for working capital and general corporate purposes.
Maxim Group LLC is serving as the sole placement agent. The offering is made pursuant to a registration statement on Form S-1 declared effective by the Securities and Exchange Commission on June 15, 2026.
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