IT Tech Packaging Inc., a leading manufacturer and distributor of diversified paper products in North China, has announced the pricing of a public offering of 6,899,500 shares of its common stock at a price of $0.20 per share. The offering is expected to generate approximately $1.4 million in gross proceeds for the company, prior to the deduction of offering fees and expenses. Maxim Group LLC is serving as the sole placement agent for this offering. The company plans to utilize the net proceeds for working capital and other general corporate purposes. A shelf registration statement for the shares was filed with the SEC and declared effective in April 2023. The offering is being conducted through a written prospectus and prospectus supplement, which are available on the SEC's website.
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