IT Tech Packaging, Inc Announces Pricing of Approximately $20 0 Million Offering of Common Stock and Warrants yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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BAODING, China, Feb. 24, 2021 /PRNewswire/ IT Tech Packaging, Inc. (NYSE MKT: ITP) ( IT Tech Packaging or the Company ), a leading manufacturer and distributor of diversified paper products in North China, today announced it has commenced an underwritten public offering of shares of its common stock and warrants to purchase shares of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Maxim Group LLC is acting as the sole book-running manager for the offering.
/PRNewswire/ IT Tech Packaging, Inc. (NYSE MKT: ITP) ("IT Tech Packaging" or "the Company"), a leading manufacturer and distributor of diversified paper.
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BAODING, China, Jan. 12, 2021 /PRNewswire/
IT Tech Packaging, Inc. (NYSE MKT: ITP) ( IT Tech Packaging or the Company ), a leading manufacturer and distributor of diversified paper products in North China, today announced it is applying the license for its new single-use surgical masks from local food and drug administration in Hebei province amid strong market demands. The license is expected to be gained at the end of this month. At the meantime, production of its single-use face masks is now in full capacity as the number of confirmed Covid-19 cases surged again and anti-Covid-19 efforts become increasingly normalized globally. Launched in April, 2020, the single-use face mask production line produces 100,000 masks per day with an estimated gross margin of roughly 40%.