China Pharma Holdings, Inc. Announces Closing of $5.0 Million Registered Direct Offering
China Pharma Holdings, Inc. announced the closing of a registered direct offering of 2,500,000 shares of common stock at $2.00 per share, generating gross proceeds of $5 million before fees and expenses.
Why it matters — This offering provides CPHI with $5 million in gross proceeds, which could be used for working capital or other corporate purposes.