- Tianci International, Inc. (CIIT, Financial) successfully raised $7 million through its IPO.
- Shares traded at $4.00 each, with an additional over-allotment option potentially increasing proceeds to $8.05 million.
- Proceeds will enhance logistics promotion, working capital, and talent recruitment.
Tianci International, Inc., a global logistics service provider, has successfully completed its public offering, raising $7 million by selling 1,750,000 shares at $4.00 per share. The shares began trading on the Nasdaq Capital Market under the ticker symbol "CIIT" on April 10, 2025.
American Trust Investment Services acted as the lead underwriter for the offering and holds a 45-day option to purchase up to 262,500 additional shares. If exercised in full, this could increase total gross proceeds to approximately $8.05 million.
The capital raised is earmarked for logistics promotion and marketing, general corporate purposes, and hiring skilled personnel. This infusion of funds is expected to bolster Tianci International's operational capacity and market competitiveness.
The firm's IPO proceeds are crucial for sustaining its logistics services that specialize in ocean freight forwarding across the Asia-Pacific region, enhancing its capability to provide efficient and reliable shipping solutions for its clients.
