ROSLYN, N.Y., Feb. 21, 2017 /PRNewswire/ -- Sino-Global
Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company"
or "we"), a non-asset based global shipping and freight logistic
integrated solution provider, today closed on the sale of an
aggregate of $4.77 million of its
common stock in a registered direct offering at $3.18 per share to three institutional
investors. The Company's net proceeds from the offering, after
deducting estimated offering expenses and placement agent fees, are
approximately $4.3
million. Sino-Global will use the net proceeds of the
offering for working capital and general corporate purposes.
FT Global Capital, Inc. acted as the exclusive placement agent
in connection with the offering.
Sino-Global conducted the offering pursuant to a registration
statement that was declared effective by the U.S. Securities and
Exchange Commission on April 15,
2014. A preliminary prospectus was included in the original
registration statement; Sino-Global filed a supplementary
prospectus on February 15, 2017.
Copies of the final prospectus relating to this offering are
available on the SEC's website, www.sec.gov, and may be obtained
from the Company through the contact information set forth
below.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities, in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction.
About Sino-Global Shipping America, Ltd.
Founded in the United States in
2001, Sino-Global Shipping America, Ltd. is a company engaged in
shipping, chartering, logistics and related services. Headquartered
in New York, Sino-Global has
offices in Los Angeles, Mainland
China, Australia, Canada and Hong
Kong. The Company's current service offerings consist of
inland transportation management services and freight logistic
services. Additional information about Sino-Global can be found on
the Company's corporate website at www.sino-global.net. The Company
routinely posts important information on its website.
Forward Looking Statements
No statement made in this press release should be interpreted as
an offer to purchase any security. Such an offer can only be made
in accordance with the Securities Act of 1933, as amended, and
applicable state securities laws. Any statements contained in this
release that relate to future plans, events or performance are
forward-looking statements that involve risks and uncertainties as
identified in Sino-Global's filings with the Securities and
Exchange Commission. Actual results, events or performance may
differ materially. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
the date hereof. Sino-Global undertakes no obligation to publicly
release the results of any revisions to these forward-looking
statements that may be made to reflect the events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events unless required by the applicable laws and regulations.
Contact Information
Michael Huang
Sino-Global Shipping America Ltd
1044 Northern Boul. Suite 305, Roslyn,
NY 11576
Tel: +1 718 888 1814
Email: michael@sino-global.com
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SOURCE Sino-Global Shipping America, Ltd.