CCSC Technology prices $7.06M public offering; stock down 35%

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CCSC Technology (NASDAQ:CCTG [https://seekingalpha.com/symbol/CCTG]) has priced a best-efforts public offering of 11.77M Class A ordinary shares and 23.53M warrants, raising gross proceeds of ~$7.06M.

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Each Class A share is sold with two warrants at a combined offering price of $0.60/unit.

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Warrants have an exercise price of $0.72 (120% of the offering price) and are valid for 5 years from issuance.

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The offering is expected to close on or about October 2, 2025.

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Proceeds will support branding and marketing expansion in Europe and ASEAN, strategic acquisitions, and general corporate purposes.

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CCTG shares down 35% premarket on Wednesday.

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Source: Press release [https://seekingalpha.com/pr/20250985-ccsc-technology-international-holdings-limited-announces-pricing-of-7_06-million-public]

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* Financial information for CCSC Technology International Holdings [https://seekingalpha.com/symbol/CCTG/income-statement]