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home / articles / CJJD - Why China Jo-Jo Drugstores (CJJD) Shares Are Falling | Benzinga

CJJD - Why China Jo-Jo Drugstores (CJJD) Shares Are Falling | Benzinga

China Jo-Jo Drugstores Inc.

China Jo-Jo Drugstores Inc (NASDAQ:CJJD) shares are trading lower by 24% to $2.21 during Monday’s session after the company announced a $1.53 million registered direct offering.

The company finalized agreements with multiple investors for a registered direct offering, issuing 0.9 million ordinary shares at $1.70 per share, totaling around $1.53 million in gross proceeds. The sale is set to close around April 30, pending standard closing conditions.

The company plans to utilize the net proceeds for general corporate needs and working capital.

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CJJD) Shares Are Falling>Full story available on Benzinga.com
Stock Information
Company Name: China Jo-Jo Drugstores Inc.
Stock Symbol: CJJD
Market: NASDAQ
Website: jiuzhou360.com
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