Datasea Announces Closing of $2.25 Million Registered Direct Offering

July 3, 2024

https://www.prnewswire.com/news-releases/datasea-announces-closing-of-2-25-million-registered-direct-offering-302189132.html

BEIJING, July 3, 2024 /PRNewswire/ — Datasea Inc., (NASDAQ: DTSS) (“Datasea” or the “Company”), a Nevada corporation engaged in innovative businesses in high-tech intelligent acoustics and 5G-Artificial Intelligence (“AI”) multimodal communication technology in the United States and China, today announced the closing of its previously announced registered direct offering with a certain institutional investor, pursuant to which the Company sold 692,308 shares of its common stock (or common stock equivalents in lieu thereof) at an offering price of $3.25 per share of common stock (or common stock equivalents in lieu thereof) in a registered direct offering.

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