{"id":709445,"date":"2022-11-09T17:49:48","date_gmt":"2022-11-09T22:49:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/huadi-international-group-co-ltd-announces-closing-of-25-million-registered-direct-offering\/"},"modified":"2022-11-09T17:49:48","modified_gmt":"2022-11-09T22:49:48","slug":"huadi-international-group-co-ltd-announces-closing-of-25-million-registered-direct-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/huadi-international-group-co-ltd-announces-closing-of-25-million-registered-direct-offering\/","title":{"rendered":"Huadi International Group Co., Ltd. Announces Closing of $25 Million Registered Direct Offering"},"content":{"rendered":"<div class=\"mw_release\">\n<p>BEIJING, Nov.  09, 2022  (GLOBE NEWSWIRE) &#8212; Huadi International Group Co., Ltd. (\u201cHUDI\u201d or the \u201cCompany\u201d) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the closing of its previously announced registered direct offering with two institutional investors, raising approximately US$25 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses.<\/p>\n<p>The offering consists of the sale of\u00a01 million ordinary shares in a registered direct offering, at a purchase price of $25.00\u00a0per ordinary share. <\/p>\n<p>The Company plans to use the net proceeds for general working capital.<\/p>\n<p>Univest Securities, LLC\u00a0acted as the exclusive placement agent for this offering.<\/p>\n<p>The offering of the ordinary shares described above was made pursuant to an effective &#8220;shelf&#8221; registration statement on Form F-3 (File No. 333-265882), previously filed with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) on\u00a0June 28, 2022, and declared effective on\u00a0October 21, 2022. The offering was made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus related to the offering may be obtained at the SEC&#8217;s website located at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=arvr-lzZKt8s0a3hMuXu23SUDjINN8a_iCa4u-CGfQwgkclgMPH3n6bHR35HQ7UvkJBN708efYUSZC9adcc1MA==\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/www.sec.gov<\/a>.<\/p>\n<p>This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.<\/p>\n<p>\n        <strong>About Huadi International Group Co., Ltd.<\/strong>\n      <\/p>\n<p>Huadi International Group Co., Ltd. is a leading manufacturer of industrial stainless steel seamless pipes and tubes products with extensive distribution facilities and network for over twenty provinces in China and across international steel pipes industry. It offers a broad range of products exported to twenty countries and regions such as United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Its products are widely used in the oil &amp; gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill and mechanical industries. For more information about the Company, please visit: http:\/\/www.huadi.cc.<\/p>\n<p>\n        <strong>Forward-Looking Statement<\/strong>\n      <\/p>\n<p>This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as \u201cmay, \u201cwill, \u201cintend,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cproject,\u201d \u201cestimate\u201d or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company\u2019s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company\u2019s goals and strategies; the Company\u2019s future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company\u2019s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward\u2010looking statements to reflect events or circumstances that arise after the date hereof.<\/p>\n<p>For more information, please contact:<\/p>\n<p>Investor Relations<br \/> Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oalJmWvhnWo1-kgIW2AvrRvkLJ3tkR35ZHQfSJTB9bU1wl3fPeDCpBebZankt-rnb8jl6yDq4Sxe6OlAS7zr8A==\" rel=\"nofollow noopener\" target=\"_blank\">IR@huadigroup.com<\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY5MzQ2OCM1MjU1MzQxIzUwMDA3NzE2Mg==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/OTQxODdhZTYtYTljZC00OTM1LTk5ZjgtNGQzYWI3OWY0NWI0LTUwMDA3NzE2Mg==\/tiny\/HUADI-INTERNATIONAL-GROUP-CO-L.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Nov. 09, 2022 (GLOBE NEWSWIRE) &#8212; Huadi International Group Co., Ltd. (\u201cHUDI\u201d or the \u201cCompany\u201d) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the closing of its previously announced registered direct offering with two institutional investors, raising approximately US$25 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses. The offering consists of the sale of\u00a01 million ordinary shares in a registered direct offering, at a purchase price of $25.00\u00a0per ordinary share. The Company plans to use the net proceeds for general working capital. Univest Securities, LLC\u00a0acted as the exclusive placement agent for this offering. The offering of the ordinary shares described above &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/huadi-international-group-co-ltd-announces-closing-of-25-million-registered-direct-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Huadi International Group Co., Ltd. Announces Closing of $25 Million Registered Direct Offering&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-709445","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Huadi International Group Co., Ltd. Announces Closing of $25 Million Registered Direct Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/huadi-international-group-co-ltd-announces-closing-of-25-million-registered-direct-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huadi International Group Co., Ltd. Announces Closing of $25 Million Registered Direct Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Nov. 09, 2022 (GLOBE NEWSWIRE) &#8212; Huadi International Group Co., Ltd. (\u201cHUDI\u201d or the \u201cCompany\u201d) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the closing of its previously announced registered direct offering with two institutional investors, raising approximately US$25 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses. The offering consists of the sale of\u00a01 million ordinary shares in a registered direct offering, at a purchase price of $25.00\u00a0per ordinary share. The Company plans to use the net proceeds for general working capital. Univest Securities, LLC\u00a0acted as the exclusive placement agent for this offering. The offering of the ordinary shares described above &hellip; Continue reading &quot;Huadi International Group Co., Ltd. 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(\u201cHUDI\u201d or the \u201cCompany\u201d) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the closing of its previously announced registered direct offering with two institutional investors, raising approximately US$25 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses. The offering consists of the sale of\u00a01 million ordinary shares in a registered direct offering, at a purchase price of $25.00\u00a0per ordinary share. The Company plans to use the net proceeds for general working capital. Univest Securities, LLC\u00a0acted as the exclusive placement agent for this offering. The offering of the ordinary shares described above &hellip; Continue reading \"Huadi International Group Co., Ltd. Announces Closing of $25 Million Registered Direct Offering\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/huadi-international-group-co-ltd-announces-closing-of-25-million-registered-direct-offering\/","og_site_name":"Market Newsdesk","article_published_time":"2022-11-09T22:49:48+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY5MzQ2OCM1MjU1MzQxIzUwMDA3NzE2Mg==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huadi-international-group-co-ltd-announces-closing-of-25-million-registered-direct-offering\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huadi-international-group-co-ltd-announces-closing-of-25-million-registered-direct-offering\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Huadi International Group Co., Ltd. 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