Tianci International Inc. shares jumped 14.91% after-hours following a discounted share offering and delayed quarterly filing update.
Tianci International Inc.
(NASDAQ:CIIT) shares jumped 14.91% after hours to $0.51 Tuesday, rebounding from a 70.14% intraday decline.
Offering Details The stock move followed an announcement made before markets opened Tuesday.
Tianci said it priced a registered offering of 6.05 million units at $0.81 per unit, expected to raise approximately $4.9 million in gross proceeds.
Each unit comprises one common share and one warrant, immediately exercisable at $0.81, expiring in three years.
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