Neo-Concept International shares are trading lower after the company announced a registered direct offering of 250,000 shares and 1.75 million pre-funded warrants priced at $1.00 per share equivalent.

Univest Securities, LLC Announces Closing of $2.0 Million Registered Direct Offering for its Client Neo-Concept International Group Holdings Ltd (NASDAQ: NCI)

Univest Securities completed a $2.0 million registered direct offering for Neo-Concept International Group Holdings Ltd (NASDAQ: NCI), an apparel solution services provider. The offering included 2,000,000 Class A ordinary shares at $1.00 per share to an institutional investor, with an option to purchase up to 200% additional shares within 60 days.

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Neo-Concept Announces $2M Share Offering At $1.00/Share, With Investor Option To Buy Up To 200% More Within 60 Days