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News  ›  GlobeNewswire Inc.

Univest Securities, LLC Announces Closing of $10 Million Registered Direct Offering for its Client China SXT Pharmaceuticals, Inc. (NASDAQ: SXTC)

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Univest Securities, LLC Announces Closing of $10 Million Registered Direct Offering for its Client China SXT Pharmaceuticals, Inc. (NASDAQ: SXTC)

Univest Securities completed a $10 million registered direct offering for China SXT Pharmaceuticals (NASDAQ: SXTC), a specialty pharmaceutical company focused on Traditional Chinese Medicine products. The company sold approximately 66.67 million Class A ordinary shares at $0.15 per share to a single investor.

Insights
AKZOY   negative

Described as having consistently poor financial performance, with declining revenues, operating income, and earnings over multiple years


SXTC   positive

The company successfully closed a $10 million capital raise, demonstrating investor confidence and providing liquidity for operations and growth initiatives in the specialty pharmaceutical sector.