CCNC - Code Chain proposes common stock and warrants offering

Code Chain New Continent (NASDAQ:CCNC) intends to offer shares of common stock and warrants to purchase common stock in a public offering. Actual size, prize and terms of the offering are not yet determined. Net proceeds will be used to purchase cryptocurrency mining equipment and for working capital and general corporate purposes. Aegis Capital Corp. is acting as the sole book-running manager. Shares down 3.3% after-hours. Yesterday's close was $1.20. Recently, the company provided business update for operational developments.

For further details see:

Code Chain proposes common stock and warrants offering