Ispire Technology Inc.(NASDAQ:ISPR), a maker of e-cigarettes and cannabis vaping products, announced on Friday the pricing of a public offering of 2.05 million shares of common stock for $6 per share for gross proceeds of $12.3 million.
The Los Angeles-based company said in a press release the closing of the offering is expected to take place on or aboutTuesday, March 26.
Ispire said it plans to use the net proceeds of the offering in connection with theestablishment and operation of its manufacturing facility in Malaysia, funding of its joint venture with Touch Point Worldwide Inc., which does business...
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