AnPac Bio-Medical Science (NASDAQ: ANPC), a company with operations in the United States and China focused on early cancer screening and detection and plans to enter into the operation of a business-to-business e-commerce food platform focused on the sale of Asian sourced food products, has entered into a securities purchase agreement with certain institutional investors. The agreement outlines investors’ plans to purchase $3 million of ANPC’s American Depositary Shares (“ADSs”) and prefunded warrants to purchase ADSs along with warrants to purchase ADSs in a registered direct offering. According to the announcement, AnPac will sell a total of 625,000 ADSs at $4 per ADS, with pre-funded warrants exercisable for 125,000 ADSs and warrants exercisable for 750,000 ADSs. The company anticipates using the funds from the offering for the advancement of its research and development activities as well as working capital and general corporate purposes.
To view the full press release, visit https://ibn.fm/21yQV
About AnPac Bio-Medical Science Co. Ltd.
AnPac Bio is a biotechnology company focused on early cancer screening and detection, with 155 issued patents as of June 30, 2022. With two certified clinical laboratories in China and one CLIA- and CAP-accredited clinical laboratory in the United States, AnPac Bio performs a suite of cancer-screening and detection tests, including Cancer Differentiation Analysis (“CDA”), biochemical, immunological and genomics tests. The company intends to enter the business-to-business e-commerce food business with the formation of its wholly owned subsidiary Fresh2 Technology and the acquisition of Fresh2 Ecommerce Inc. For more information about the company, visit www.AnPacBio.com.
NOTE TO INVESTORS: The latest news and updates relating to ANPC are available in the company’s newsroom at https://ibn.fm/ANPC
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