ECMOHO Limited Announces Proposed Underwritten Public Offering of American Depositary Shares
31 July 2021 - 10:02AM
ECMOHO Limited (Nasdaq: MOHO) (“ECMOHO” or the “Company”), a
leading integrated solutions provider in the health and wellness
market in China, today announced that it intends to offer American
depositary shares, or ADSs, each representing four of its Class A
ordinary shares, for sale in an underwritten public offering. The
Company intends to use the net proceeds from this offering for
general corporate and working capital needs. The offering is
subject to market conditions, and there can be no assurance as to
whether or when the offering may be completed, or as to the actual
size or terms of the offering.
Aegis Capital Corp. is acting as the
sole book-running manager for the offering.
This offering is being made pursuant to an
effective shelf registration statement on Form F-3 (No. 333-257200)
previously filed with the U.S. Securities and Exchange Commission
(the “SEC”) and declared effective by the SEC on July 6, 2021. A
preliminary prospectus supplement and accompanying prospectus
describing the terms of the proposed offering will be filed with
the SEC and will be available on the SEC’s website located at
http://www.sec.gov. Electronic copies of the preliminary prospectus
supplement and the accompanying prospectus may be obtained, when
available, by contacting Aegis Capital Corp., Attention: Syndicate
Department, 810 7th Avenue, 18th floor, New York, NY 10019, by
email at syndicate@aegiscap.com, or by telephone at (212) 813-1010.
Before investing in this offering, interested parties should read
in their entirety the prospectus supplement and the accompanying
prospectus, when available, and the other documents that the
Company has filed with the SEC that are incorporated by reference
in such prospectus supplement and the accompanying prospectus,
which provide more information about the Company and such
offering.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of these securities in any state or 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 jurisdiction.
About ECMOHO Ltd.
ECMOHO is a leading integrated solutions
provider in the health and wellness market in China, which curates
and sells the best global brands and quality products to Chinese
health-conscious consumers. Leveraging its technology, network and
expertise in marketing and distribution, ECMOHO connects families
with advanced health supplements, nutrition and food items,
personal care products, household healthcare equipment and other
wellness products. Through over ten years of operation, ECMOHO has
established an ecosystem of trusted products and relationships to
provide customized solutions which promote health regeneration,
impart therapeutic benefits, and increase longevity to devoted
consumers to sustain health. For more information, please visit
http://ir.ecmoho.com/.
Forward-Looking StatementsThis
news release contains forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates,” “target,” “going
forward,” “outlook” and similar statements. For example, the
Company’s statements about its ability to complete the offering and
its intended use of proceeds are forward-looking statements and are
inherently uncertain. Such statements are based upon management's
current expectations and current market and operating conditions,
and relate to events that involve known or unknown risks,
uncertainties and other factors, such as the significant volatility
and disruption caused by the COVID-19 pandemic, the Company’s
expected growth of the online retail industry in China, the
Company’s expectations regarding demand for and market acceptance
of its products and services, the Company’s expectations regarding
its relationships with its brand partners and e-commerce channels,
and the level of consumer economic activity in China, all of which
are difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the SEC. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
For investor and media inquiries, please contact:
ECMOHO Ltd.Investor RelationsEmail:
IR@ecmoho.com
Investor relations agency contact:
William Tu / Scott PowellSkyline Corporate
Communications Group, LLCOne Rockefeller Plaza, 11th
FloorNew York, NY 10020Office: (646) 893-5835
Email: wtu@skylineccg.com
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