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FUZHOU, China, March 4, 2021 /PRNewswire/
Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ( Pingtan, or the Company ), a fishing company based in the People s Republic of China, today announced that it has agreed to sell 3,625,954 ordinary shares at a price of $1.31 per share, and 2,719,464 five-year warrants to purchase ordinary shares at an exercise price of $1.31 per share, in a registered direct offering. The net proceeds to Pingtan from this offering are expected to be approximately $4.2 million. The offering is expected to close on or about March 8, 2021, subject to customary closing conditions.
Spartan Capital Securities, LLC is acting as sole placement agent for the offering.
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