QSI
QSI

Nisun International Enterprise Development Group Co., Ltd (NISN) stock plunged 8.68% in the after-market trading session at the price of $4.00 after it announced the pricing of an underwritten public offering of common shares.  

NISN presents integrated supply chain solutions to companies and financial organizations globally. The company has dedicated to transforming the corporate finance market.  

NISN Reported Public Offering of Class A Common Shares 

On 13th December 2021, NISN reported the pricing of its public offering of 19.25 million common shares and warrants to purchase Class A common shares. The offered common stock shares and warrants have a price of $4.00 per share. The company will have gross proceeds of $77 million from the underwritten public offering, excluding underwriting discounts and other charges payable by the company.   

NISN plans to utilize the net proceeds for its working capital and other corporate purposes. The public offering was made under a shelf registration statement on Form F-3 (No. 333-256550). It was earlier filed with the Securities and Exchange Commission and became effective on 21st June 2021. The offering is expected to close on 14th December 2021 and is subject to customary closing conditions. 

Supply Chain Agreement with Youjiatian 

On 6th December 2021, NISN reported that Fintech Supply Chain Management had entered into a cooperative supply chain agreement with Henan Youjiatian Agricultural Technology. Fintech Supply Chain Management Co., Ltd. is a subsidiary of Fintech Digital Technology Co., Ltd and a controlled affiliate of the company.  

As per the agreement, both parties will collaborate on supply chain procurement services to promote the trading of agricultural products. This partnership has based on voluntariness, equality, and mutual benefits.  It will enable Nisun to innovate its supply chain solutions to stabilize the agriculture supply chain. Through this collaboration with Youjiatian, the company will build pipelines for agricultural product procurement and foster China’s strategy for rural rejuvenation. 

NISN Announced Results of 2021 Shareholder Meeting 

Earlier on 19th November 2021, NISN published the results of its Annual Shareholders Meeting 2021. The meeting was held in Shanghai on 19th November 2021. The shareholders re-elected Xin Liu and Messrs. Christian DeAngelis to its Board of Directors.  

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